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It’s Official: SoFi Money Will Reimburse All ATM Fees Worldwide, Even Forex Charges

sofi money review

Welp, that’s it. Now that all SoFi Money ATM fees are gone, SoFi Money is officially the best checking account available today. It’s great right out of the gate, requires no futzing or maintenance, and now, they’ll even reimburse Visa’s forex fees internationally – so you get free withdrawals with absolutely zero fees worldwide.

They’ve tried hard to overcome any hurdle to be the best checking account around. You get:

  • Free, unlimited, and INSTANT ATM withdrawals worldwide. Even if Visa charges you a forex fee, they’ll reimburse that too
  • 0.2% APY on any balance you carry
  • Zero fees, no minimums
  • Easy to use app and website
  • $75 bonus when you open an account and make two direct deposits of $500 each – bonus appears in a day or two and it takes 2 to 3 minutes to set up

I’m proud of their efforts. And I’m switching to make this my full-time checking account after my next pay cycle.

Well how ’bout that?

Yes, I’ve had a Chase checking account for over a decade. And I’ll keep it because it’s free, and for the incredibly rare times I need to do something in a branch. But for everyday banking, bill payments, and my financial clearing house, I’m going all-in with SoFi Money. #officiallyconverted

SoFi Money ATM fees – nothing to see here!

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Need a Checking Account With NO Fees, Minimums, or ATM Charges EVER? Try These.

sofi money review

It’s been over 4 years since I first professed my love for the Fidelity Cash Management account – one of the best no fee checking accounts. And about the same amount of time since I wrote about the Aspiration Summit account.

But that was before SoFi Money came on the scene. That account has no fees – but also free unlimited ATM withdrawals worldwide AND 1.6% APY on any balance you carry. It’s now the one I recommend most if you’re looking to dump your brick-and-mortar bank (and you probably should).

best no fee checking accounts

There’s a new sheriff in town, and it’s SoFI Money

All are fantastic checking account options because there are no fees, no minimum balances, and no direct deposit requirements. Essentially they’re free to open and keep forever, even if you never use them. Even better, these accounts reimburse ATM fees from ANY ATM in the world. And there are no hard credit pulls to open.

There are a couple of key differences. But, bottom line, you should have at least one of these accounts!

Best no fee checking accounts

1. SoFi Money

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SoFi Money Review: Free ATMs, 0.2% APY, No Fees, & $75 Bonus – I’m Impressed

sofi money review

I took the bait – so there’s my Sofi Money review. Everyone’s abuzz about SoFi’s cash management account, SoFi Money, because you get:

  • Unlimited, free ATM use worldwide allowing you to use any ATM that accepts Visa for free AND they’ll reimburse any fees that Visa charges (!) – an amazing perk for travelers
  • 0.2% APY on your balance
  • No fees, no minimums 
  • Sub-accounts to save for your goals, and joint accounts for your S.O.
  • Blazing fast sign-up – I had an account open in 2 to 3 minutes
  • $75 bonus when you open an account and make two direct deposits of $500 each – and it posts within a day or two

Plus, when you refer someone who uses your sign-up link, you get $25. Get on the gravy train (and thank you for using my link to join)!

Because of these features, I’m considering making SoFi Money my everyday checking account, even though it’s online-only. For over a decade, I’ve banked with Chase and can’t remember the last time I visited a branch.

My Chase account and SoFi Money are both free to have (I have an old Chase account that’s no longer offered), so I’ll switch everything over to SoFi Money for a while and see how it goes. Nothing to lose and free ATMs + an easy-to-use site and app to gain.

sofi money review

SoFi is offering a $75 bonus for opening an account and making two $500+ direct deposits

While Fidelity, Schwab, and Aspiration all have no-fee accounts with free ATM withdrawals (I compared them here), none of them have an APY on the balance you carry or immediate ATM reimbursements (Fidelity refunds you within a few days, the others can take up to a month).

And while I’m wont to offer yet another bank account option, scoring $75 for a couple of minutes of work is nothing to turn down.

You can sign-up for a SoFi Money account here.

SoFi Money review – the ultimate free bank account, especially for travelers

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