Estate planning at SoFi
How to protect 11 SoFi accounts — manage beneficiaries online, and file death claims
Death Claims
Phone1-855-456-7634
Toll-Free1-855-456-7634
Mailing Address
SoFi Bank, N.A., 2750 E Cottonwood Parkway, Suite 300, Cottonwood Heights, UT 84121
Investment Accounts
Home Loan Servicing
Home Loans General
Credit Card (24/7)
Verified Jul 2026
SoFi offers 11 consumer accounts that interact with estate planning in distinct ways. Understanding the transfer methods available for each account type helps families keep assets out of probate and ensure they pass to the right people.
Account holders can update their beneficiary designations at SoFi online and by phone.
SoFi has documented procedures for both preparing accounts during your lifetime and handling claims when an account holder passes away.
Preparing your estate
Beneficiaries and trust funding
How to manage beneficiaries online, and review 11 account types at SoFi.
View details →When someone dies
Death claim process
5-step process, 4 required documents, and contact information for survivors.
View details →Frequently asked questions
No. SoFi does not currently offer trust or business accounts. Only individual accounts (and joint investment accounts) are available. Customers who require trust accounts for estate planning should consider traditional banks or brokerages that support trust ownership.
No. SoFi does not currently offer CDs. However, SoFi offers Savings Vaults, which allow you to organize your money for specific savings goals. Each Vault earns the same APY as your savings account with no fees or minimum balance requirements.
You can add up to 5 primary and 5 secondary beneficiaries to your SoFi Checking and Savings accounts. Balances are split evenly among primary beneficiaries. Secondary beneficiaries receive funds only if no primary beneficiary is living. Custom percentage allocations are not available.
SoFi offers Active Invest (self-directed brokerage for stocks, ETFs, options, mutual funds, and alternative funds), Automated Invest (robo-advisor managed portfolios), Joint Invest accounts, and retirement accounts including Traditional IRA, Roth IRA, SEP IRA, and Rollover IRA. All invest accounts are available with $0 commissions and no account minimum.
Sources
Data sourced from SoFi primary sources (20 pages reviewed). How we research.
Death Claims
Phone1-855-456-7634
Toll-Free1-855-456-7634
Mailing Address
SoFi Bank, N.A., 2750 E Cottonwood Parkway, Suite 300, Cottonwood Heights, UT 84121
Investment Accounts
Home Loan Servicing
Home Loans General
Credit Card (24/7)
Verified Jul 2026
Estate planning articles
Learn how to protect your SoFi accounts and other assets with trusts, beneficiary designations, and estate planning documents.
