Recommended Free Tools
Samsung Money by SoFi may be worth keeping if you use a Samsung phone, value Samsung Wallet access, and the live rate in your account compares well with alternatives. It is less compelling if you want SoFi’s advertised SoFi Plus savings rate: Samsung Money customers must close this account and open SoFi Checking and Savings to qualify. Check your live Samsung Money APY and the current terms before deciding.
What Samsung Money by SoFi is—and what it is not
Samsung Money by SoFi combines a cash-management account with a debit card accessed through Samsung Wallet. It is offered by SoFi Securities LLC as a cash-management and brokerage product, rather than as SoFi Bank checking and savings. It is also separate from Samsung Financing and the Samsung Galaxy Card.
| # | Preview | Product | Price | |
|---|---|---|---|---|
| 1 |
|
Personalized luxury metal credit or debit card | $59.99 | Buy on Amazon |
| 2 |
|
Personalized Debit Card Skin – Funny Credit Card Sticker with Chip Slot | Durable, Custom Vinyl... | $9.99 | Buy on Amazon |
As an Amazon Associate I earn from qualifying purchases.
Samsung and SoFi announced the product in 2020, describing individual and joint accounts, Mastercard network access, and access to Allpoint ATMs. Those are launch-era details, not confirmation that every feature or term remains unchanged. The later Samsung Galaxy Card is a different product: Samsung said in July 2026 that Barclays US Consumer Bank issues it on Visa.
Do these 3 things before closing this tab:
1Fix the driver behind crashes, sound loss and screen glitches2Clear out junk files and repair common Windows errors3Scan for outdated or missing drivers - takes under a minuteWho can open an account?
SoFi’s help center says applicants must be at least 18, be a US citizen, lawful permanent resident, or non-permanent resident, have a physical address in one of the 50 states or Washington, DC, and provide a valid SSN or ITIN. Individual and joint accounts are available; trust and business accounts are not. See SoFi’s eligibility details.
#1 Best Overall
- 4442 and 4428 chip supported * Laser engrave lifelong design * Wallet size card
Does Samsung Money still offer a competitive rate?
The public Samsung Money disclosure says members can earn up to 3.30% APY, but that figure is from a SoFi/Samsung Money disclosure dated December 23, 2025. The rate is variable, and SoFi says it can fluctuate monthly with the Federal Funds Rate. The public figure does not establish the live rate for every account in October 2026.
To see your own current rate, open the Samsung Money homepage through Samsung Wallet while logged in. Compare that displayed APY—not a dated public maximum—with alternatives available to you. SoFi explains the Samsung Money rate.
Does SoFi Plus make switching worthwhile?
SoFi says Samsung Money customers can subscribe to SoFi Plus for $10 per month when paying by credit or debit card. Its cited 4.50% APY on up to $20,000 applies to one SoFi Savings account under the Plus terms; SoFi stated that rate was current as of September 23, 2026, and rates are variable. Other savings balances under those terms earn 3.30% APY.
Rank #2
- High-quality vinyl provides long-lasting protection. This card skin defends against scratches, fading, and moisture with a sleek, smooth finish.
- Designed with a pre-cut chip hole to keep your card fully functional at ATMs and terminals—no interference, no issues.
- Effortless application in seconds—just align, peel, and stick. Clean removal leaves your card residue-free and ready for a new look anytime.
- A perfect gift or personal accessory—choose from funny, artistic, or meme designs to personalize your wallet and stand out.
- Works with all major credit, debit, and EBT cards. This card skin adds individuality without compromising fit in card slots or holders.
That 4.50% rate is not available inside Samsung Money. SoFi says a Samsung Money member must close the account and open SoFi Checking and Savings to receive it. Therefore, weigh the potential interest against the subscription fee, the $20,000 tier limit, your actual Samsung Money rate, and the hassle of closing and moving funds. If you already pay for Plus or value its other benefits, the fee may affect the calculation differently than if you would subscribe only for the rate. Read SoFi’s explanation of Plus for Samsung Money customers.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.How phone dependence affects the decision
Samsung Wallet is available only on Samsung devices. SoFi says that if you move to a non-Samsung phone, you cannot access Samsung Money by SoFi on that phone; you must close the account and transfer the funds out. That makes phone changes a practical switching cost, not just a loss of wallet convenience. SoFi’s phone-change guidance.
How deposit protection works
SoFi’s disclosures say Samsung Money cash is swept to one or more program banks. FDIC insurance applies only after funds reach a program bank, which usually happens within two business days after a deposit. The amount eligible for coverage can be lower if participating-bank availability or your other balances at those banks reduce available coverage. The disclosures also say Samsung Money deposits at program banks are not covered by SIPC. Do not treat the account as a bank deposit insured immediately upon deposit or assume a universal coverage amount. Read SoFi’s current account disclosures.
Quick Recap
A practical keep-or-switch checklist
- Keep it for integration: You use a Samsung phone and Samsung Wallet, and the account’s current rate and features meet your needs.
- Compare before switching for yield: Check the live APY in Samsung Money, then compare it with current alternatives and include any subscription cost.
- Switch only with the terms clear: The cited Plus rate requires closing Samsung Money and opening SoFi Checking and Savings; it is not an upgrade applied to the existing account.
- Account for access: If you expect to leave Samsung phones, SoFi’s stated process requires account closure and a funds transfer.
- Review protection details: Understand the sweep timing and how your balances at program banks may affect FDIC coverage.
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
