@jesselivermore I don’t think they do referrals on checking/savings (I might be wrong). However, there is a promo at the moment from DoC web site you may want to check out.
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Posting here FYI, since I don’t see a separate thread for SoFi banking accounts.
Looks like SoFi doesn’t support adding beneficiaries (or POD) to their bank accounts. You can add a joint owner, but they must not already have an account at SoFi. Ridiculous.
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Thanks for mentioning this! I found this which is 2 years old so not encouraging.
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I had a chat with a SoFi representative…said it is under discussion so possible it could happen…
Of course you could always tell your beneficiaries to log in and transfer to a bank you have that does… 
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That sounds very illegal.
It’s illegal to give your bank login information to someone? Since when?
It’s illegal to transfer money out of someone’s account after they’re deceased. If you can “see it coming” and get the transfer processed prior to the time of death, legally you’d be ok but the estate could still dispute the transaction unless you have formal POA (and even then, especially if transferring the money to yourself, they could still try to raise a stink). Transferring to another of the deceased accounts (which was the suggestion) is better, but still prime for potential disputes depending on who it adversely affects.
Individual circumstances dictate just how reasonable such a strategy may be.
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No. And it’s probably not illegal to login either. But it would be illegal to transfer, as glitch points out.
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what if no one would dispute (only child, no other heirs etc). Is it illegal or just contentious?
If you could be absolutely sure of no claim/dispute, you could probably get away with it. It’s still illegal, but without a reason to look closely, who is going to notice/complain?
FYI, if the account receives direct deposited SS (and that is NOT a Nazi reference for everyone that jumps so quickly) payments, the SSA will notify the bank of the death, and the bank will then lock the account.
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As Goose says, a transfer after death is likely illegal, but in most cases would still require a complainant for there to be any legal consequences. After death, only the estate executor has such authority.
I’m also pretty sure that, technically, a beneficiary is only entitled the funds in the account as of the time of death. But that’s generally based on/enforced under the premise that after death there should be no further [legal] transaction activity.
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we are talking here about just transferring the money to another account the deceased had where the beneficiaries are listed…Should be no problem as long as you are in synch with everyone who are beneficiaries…and no worries about anyone protesting…
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We’re talking about whether it is LEGAL or simply something one may get away with.
The fact is that the money in an account without beneficiaries simply does not belong to the beneficiaries of another account until the court or the estate executor says so. Even if it works out, doesn’t mean it is legal. For example, such beneficiaries may be stealing from the state, which might have collected probate fees had the account gone through the usual legal process.
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I started a new thread on SoFi checking&savings since I had a few other thoughts to share and we might as well get a dedicated thread:
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No hoops to jump through or requirements. No joint accounts but can add beneficiary (which means 2 accounts for a couple for $500K FDIC coverage). $100K/day ACH limit. Looks better than SoFi at this point. 
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wow wonder if they’ll up the # of AA miles (my new preferred currency now that i’m traveling again)
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Great rates and your helping to support their independence from Spain. 
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How does Bask Bank value the AA miles for 1099INT purposes?
Darn separatists!
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