Deciding to part ways with a financial app is a significant step. Whether you’re consolidating accounts, found a different platform that better suits your needs, or are simply streamlining your finances, closing an account is a common part of managing your digital life. If you’ve been using SoFi for banking, investing, or loans, you might be wondering about the right way to say goodbye. Knowing the correct process for how to close sofi account ensures a smooth transition and helps you avoid any unexpected issues down the line.
Getting Your Finances Ready for the Change
Before you initiate the closure, a little preparation goes a long way. First, ensure you have a new account set up elsewhere to transfer your money. You’ll want to move any remaining cash out of your SoFi Checking and Savings account. Also, take a moment to cancel any automatic payments or direct deposits linked to your SoFi account. Update these settings with your new bank information to prevent any missed bills or paychecks. Finally, download your past statements and transaction history for your records; once the account is closed, you may lose access to this information.
The Step-by-Step Guide on How to Close SoFi Account
The most direct way to close your account is by contacting SoFi directly. You can reach out to their member support team via the secure messaging feature inside the SoFi mobile app or website. Clearly state your request to close your checking, savings, and any associated investment accounts. Be prepared to verify your identity for security purposes. The support agent will then guide you through their specific process. It’s important to note that if you have an active SoFi loan, such as a personal or student loan, closing your bank account does not close the loan. You will still need to continue making payments on that loan according to its terms.
Important Considerations Before You Go
Take a moment to think about any connected services. If you use SoFi Invest, you’ll need to sell your holdings or initiate a transfer to another brokerage, which can take several days. Also, if you have a SoFi credit card, you will need to request to close that account separately. Double-check that all pending transactions have cleared and your account balance is truly zero. This prevents the account from being stuck in a pending closure status. Once you’ve submitted your request, be sure to get a confirmation email or message from SoFi stating that your account has been successfully closed.
By taking these organized steps, you can confidently close your SoFi account and move forward with your financial goals. A careful approach ensures you tie up all loose ends and make a clean, hassle-free switch to your next financial chapter.
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