SoFi, one of the most successful Fintechs in the US, recently announced it has launched a program to offer $200 towards emergency savings to all who open an account with SoFi Money. According to SoFi, the program headlines a COVID-19 pandemic-relief package that also includes enhanced cash-back benefits on “quarantine-essential” purchases and services, which includes 10% back on groceries, food delivery, streaming video, and live sports channels, as well as unlimited complimentary access to career coaching and financial planning sessions.
“This program is just the latest initiative SoFi has undertaken during this national crisis to help meet the full breadth of its members financial needs. From facilitating the distribution of Paycheck Protection Program funds to providing complimentary college-planning and estate-planning tools, SoFi has been committed to being responsive to members’ needs all throughout the pandemic, to supplement an already extensive array of financial-wellness tools and live advice. Through it all, SoFi is and has been actively involved with policy leaders to find additional ways to help society at large during these challenging times.”
While sharing more details about the program, Anthony Noto, CEO of SoFi, stated:
“We have a responsibility to work tirelessly to find new ways to alleviate these financial pressures at an unprecedented time, at an urgent pace, for those who do not have the luxury of waiting for the government to extend and disburse benefits. We are here to remind our members: It is never too late to start getting your money right, and we will help you every step of the way.”
The $200 Emergency Savings vault is available to all who open an account now through August 14th, 2020.