With an online account, instead of using checks to pay bills, expenses are debited directly from the account. Because the accounts are designed for strictly online use, they typically come with higher ...

SoFi’s Checking and Savings account earns a 0.50% APY (variable and subject to change) on the balance in its checking portion. Customers who enroll in SoFi Plus with direct deposit, or pay a $10 SoFi ...