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The SoFi checking account is an excellent alternative to opening a Charles Schwab account for overseas travel, as SoFi will also reimburse all ATM fees, which is an amazing perk when you’re traveling and need cash.

To top it off, SoFi is still offering a $25 (down from $50) bonus for signing up for a new account, which takes just 2-3 minutes to complete. There’s also no hard credit pull, and no account fees, which means there isn’t really a downside to not applying.

Link to SoFi Money Offer

SoFi Money Details: $25 Bonus and Referral Chain

The SoFi Money account is an excellent alternative for those looking for fee-free cash withdrawal around the globe but who haven’t pulled the trigger to sign up. Here are some basics on the SoFi Money account:

  • Free to sign up
  • No hard credit pull
  • No minimum balance requirement nor account fees
  • ATM fees reimbursed worldwide, for all ATMs showing the Visa®, Plus®, or NYCE® logo
  • Cash withdrawal limit of $615 per day (which should be more than enough for travel)

If that isn’t enough to sell you, an interest rate of 1.6% APY on the account should be. Even if you bank elsewhere, you can keep your “travel cash” in a separate account, ready for fee-free withdrawal, and earning interest. The APY does change, and SoFi just had an app popup this morning that informed me that the rate had been reduced from 1.8% to 1.6% APY. Or you could sign up for the easy $25.

Once you’ve signed up, you can make additional money in 4 easy steps by referring your own friends and family to SoFi Money:

  • Sign up for SoFi Money (link to offer)
  • Download the SoFi Money app
  • Generate your personal referral link (a box should show up on the home screen saying “Refer”)
  • Earn $25 referral bonus for every person you refer you signs up using your link! They will also get $25.


The SoFi Money offer is an incredibly easy $25, and possibly more, and there is no downside for opening an account, with no hard credit pull nor fees! My new SoFi account is going to be my new travel checking account, as I haven’t ever bothered to sign up for a Schwab Checking account.