SoFi Bank vs Capital One 360 - Which is the Best Bank in 2024?

SoFi Bank and Capital One 360 are 2 of my favorite banks in 2024. Which bank has a better checking and savings account?
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SoFi Bank (Get up to $300 welcome bonus): creator.sofi.co...
CapitalOne 360: www.capitalone...
Raisin / Customers Bank (5.32% APY): save-better.sj...
Best High Yield Savings Accounts 2024: • Best High-Yield Saving...
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[@grigorirasputin425]

SoFi now has Zelle

[@user-vl4cx2in3m]

Thanks for the video, came in handy! Keep it up

[@arentibbs799]

SoFi is my current "money hotel" for my Direct Deposit. I keep money in Savings for the interest rate and as free overdraft protection. The rest of my cash reserves are in accounts, not Raisin, that pay a higher rate. I did open a Capital One 360 account when they had a $350 welcome bonus. However my Zelle access is with my longtime Ally account.

[@justand928]

I have to ask why did you say “not Raisin”? What is wrong with them? I just opened a CD recently, I’m almost afraid to hear your answer.

[@steelcitytv]

A CD you're tying up your money and you're left without being able to touch your money for a certain amount of time with the savings account you can touch it whenever you want not saying you should but you just let it keep building and building and adding and adding and adding to it as you build it I recently just opened up a account with them because I was getting so much money through the holiday season from Amazon and I'm sitting there looking and I'm like damn I got seven Grand and a bank account that has no savings to it at all it's like a 0.1 or something like that so I was like screw that I'm moving Banks let that money grow by itself year​@@justand928

[@justme8649]

Yes, please clarify "not Raisin".

[@zeldapolk1980]

Thanks this was helpful

[@KiaraKolman]

Transferring money from an existing checking account to your SoFi checking account typically doesn't incur charges, but it's always advisable to check with both banks for any specific policies. The time it takes for the money to show up in your SoFi account can vary; in many cases, it's relatively quick, and you should see the funds available shortly after the transfer. However, the exact timeframe can depend on the processing times of both banks involved in the transfer. It's a good practice to check with both banks or refer to their respective FAQs for more accurate and up-to-date information on transfer timelines and any potential fees.

[@tj.henderson]

Thanks for sharing

[@Troy211]

I use both of them and couldn't be happier.

[@GreaterThanEnough]

Great minds think alike 🤓

[@XianTC6]

Can I ask how you use both of them?

[@grigorirasputin425]

@@XianTC6he has $30 in each

[@jasonlopez6562]

Sofi recently had had been keeping people’s money with no explanation!

[@AndersonChao-vs3zf]

I got Charles SW for my Checking no ATM fee charge debit card and Capital one and American express for my saving both of them 4.35 not much different from Sofi but I don't have to set up direct deposit

[@aronvargas925]

Is Ally good ? Or should I go with SoFi.? I’m leaving BoA and looking to be better and smarter with my money .

[@AyjayAlleyway]

I like Sofi better. It just has so much utility.

[@blixasice]

Do either bank charge to transfer funds from one bank to another?

[@samuraiken88]

Is APY applied monthly?

[@AyjayAlleyway]

Yes

[@DK-bm5rg]

​@@AyjayAlleywayCan you give me a breakdown example of how that works? Let just say I have $10000 sitting in one of these accounts. How much would I earn that month?

[@josegalvan4995]

@@DK-bm5rg10k x 5% = 500 over the course of the year. If you want per month you’d just divide that by /12 and you’re left with 60
So you’d be receiving about 60 a month.

[@brenda.castaneda]

If I transfer money from an existing checkings account to my sofi checkings account would I be charged? And does it show up right away or do I have to wait til the money shows up?

[@GreaterThanEnough]

It’s free but it will take 1-2 days

[@brenda.castaneda]

@@GreaterThanEnough thank you for your help ❤️

[@LuisMurillo_]

@@GreaterThanEnoughif its 500 it will show up later on that day and if its more than 500 it will take 1-3 business days i believe

[@bigbadbaby7640]

Cool

[@AndersonChao-vs3zf]

in my opinion I like to deal with Capital one Customer service than Sofi for me Customer service most important

[@user-vl4cx2in3m]

Thanks for the video, came in handy! Keep it up