The main ways to get cash from SoFi

SoFi checking accounts let you withdraw cash through ATMs, at the register when you make a debit card purchase, or by transferring money to another bank account. The fastest method depends on whether you need the cash right now or can wait a day or two.

SoFi itself does not operate physical branches, so you cannot walk into a SoFi location and ask a teller for cash. Instead, you use the ATM network SoFi provides, request cash back at a store, or move money electronically to get it where you need it.

Key Takeaways

  • SoFi members can withdraw cash at no fee from over 55,000 ATMs in the Allpoint and MoneyPass networks, plus ATMs owned by partner banks.
  • Cash back at any store that accepts debit cards costs nothing and gives you money when ready, though the store sets the limit on how much you can take.
  • Transferring money to another bank account takes one to three business days but works if you need larger amounts or prefer to withdraw from your own bank's ATM.
  • Using an out-of-network ATM that SoFi does not reimburse will cost you a fee from that ATM's operator, usually $2 to $3.
  • SoFi's mobile app shows you the nearest fee-free ATMs and lets you request cash back directly from some retailers.

Withdrawing cash at ATMs with no fee

SoFi reimburses ATM fees at any ATM in the Allpoint or MoneyPass networks. These networks include over 55,000 ATMs across the United States, so you have many options in most cities and towns. You can also withdraw from ATMs owned by partner banks without paying a fee—the list of partner banks changes, so check your SoFi app to see which banks near you are included.

To find a fee-free ATM, open the SoFi mobile app, tap the ATM locator, and search by your location. The app shows you the nearest machines and tells you which network each one belongs to. If you use an ATM outside these networks, SoFi will not reimburse the fee that the ATM operator charges you, which is usually $2 to $3.

Withdrawals at fee-free ATMs process when ready. There is no daily limit set by SoFi itself, but individual ATMs may have their own limits—usually $500 to $1,000 per transaction. If you need more than one ATM can give you in a single day, you can make multiple withdrawals.

Getting cash back at stores

When you buy something at a grocery store, pharmacy, or other retailer that accepts debit cards, you can ask for cash back at the register. The cashier deducts the amount from your purchase total and hands you the difference in cash. This costs nothing and happens when ready.

The store sets the limit on how much cash back you can take—most allow $20 to $100, though some permit more. If you need a large amount, ask the cashier what their limit is before you start your transaction. Grocery stores and big retailers like Target and Walmart usually offer higher limits than small shops.

Cash back is often the fastest way to get money if you are already shopping. It also avoids the need to find an ATM or pay any fees.

Transferring money to another bank account

If you want to move money from your SoFi checking account to a bank account you own elsewhere, you can set up a transfer in the SoFi app. This takes one to three business days, depending on the receiving bank. Once the money arrives, you can withdraw it from that bank's ATM or at the register using that bank's debit card.

This method works well if you need a large amount of cash and want to avoid multiple ATM visits, or if you prefer to withdraw from your primary bank's ATM. It also works if you are traveling and do not have access to the Allpoint or MoneyPass networks in your area.

To set up a transfer, you will need the routing number and account number of the bank you are sending money to. SoFi can walk you through this in the app, and the transfer is free.

What happens if you use an out-of-network ATM

If you withdraw cash from an ATM that is not part of Allpoint, MoneyPass, or a SoFi partner bank network, the ATM operator will charge you a fee—usually $2 to $3. SoFi does not reimburse these fees, so you pay the full amount out of your account.

Some ATMs display their fee on the screen before you complete the withdrawal, giving you a chance to cancel. Others charge the fee after the transaction. Either way, the fee comes out of your SoFi account balance.

To avoid out-of-network fees, use the ATM locator in your SoFi app before you withdraw. If you are in an area with no fee-free ATMs nearby, cash back at a store is usually your best option.

Daily and monthly withdrawal limits

SoFi does not set a daily limit on how much you can withdraw from your checking account. However, individual ATMs may limit you to $500 or $1,000 per transaction, and stores may limit cash back to $20 to $100 per purchase.

If you need to withdraw a very large amount—say, several thousand dollars—you may need to make multiple ATM visits or multiple cash-back transactions over a few days. If you are planning a large withdrawal, contact SoFi support through the app to ask whether there are any holds or restrictions on your account that might affect you.

Frequently Asked Questions

Can I withdraw cash from a SoFi branch?

SoFi does not have physical branches. You withdraw cash through ATMs, at store registers, or by transferring money to another bank. All customer service is handled by phone, email, or the mobile app.

Does SoFi charge me a fee to withdraw cash?

SoFi does not charge you a fee to withdraw from fee-free ATMs or to get cash back at stores. If you use an out-of-network ATM, the ATM operator charges a fee that SoFi does not reimburse.

How long does it take to transfer money from SoFi to another bank?

Transfers between banks usually take one to three business days. Weekends and holidays can add time. Once the money arrives at the other bank, you can withdraw it when ready.

What if I cannot find a fee-free ATM near me?

Use the ATM locator in the SoFi app to find the nearest Allpoint or MoneyPass machine. If none are close, get cash back at a grocery store or retailer instead. Both options are free and when ready.

Can I withdraw more than $1,000 at one ATM?

Most ATMs limit single withdrawals to $500 or $1,000. If you need more, make multiple withdrawals at different ATMs or different times, or use cash back at a store if the amount is smaller.