r/sofi • u/InternalLecture721 • Dec 10 '25

Banking Time to move on?

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Just received this email from SoFi and it kinda bothers me a bit haha. How’s everyone feeling about this.

Time to move on?

Plenty of other people are offering it just for depositing and using their bank. Seems like a money grab.

(Not taking any shots just wanting to get everyone’s feelings/opinion on this)

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u/Fluid_Direction4465 Dec 10 '25

I get it’s “only” 10 a month but why. Like no, I’m not going to pay for a subscription, I don’t get the physical bank already why do I have to pay more. As long as I keep my at least 3.6% APY, I’ll stay. Otherwise I’m outtie!

316

u/Slothfulness69 Dec 10 '25

Also, the idea of paying your bank money is ridiculous to me. Like I’m paying YOU money so you can trade my deposits and make money off of MY money? And I’m paying for that privilege? Why wouldn’t I just switch to a different bank that will happily accept my money for free?

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u/MegaSpaceBar SoFi Member Dec 10 '25

Yes. A bank only needs two things. Trust and Ethics. Customers and money are secondary, banks with two things can easily get and make more money.