Samsung Money by SoFi becomes available to US consumers

Samsung Electronics America, Inc. announced that starting today, consumers in the United States can sign-up for and access Samsung Money by SoFi.

The service, which was unveiled in May, is launched in partnership with fintech company SoFi. Samsung Money by SoFi brings a cash management account, accompanying Debit Mastercard and exclusive benefits to Samsung Pay.

Now more than ever, people are counting on their technology to help them pay, shop, and manage their finances. At the same time, many people prefer payment methods that can earn interest instead of paying it. Samsung Money by SoFi offers the benefits of both: no account fees, higher-interest earning, money management experience that combines the convenience of mobile payments and the control of a debit card.

Samsung Money by SoFi puts Galaxy smartphone users in charge of their spending and saving. Users can choose between opening an individual or joint cash management account. Moreover, users enjoy in-network ATM fee reimbursement at more than 55,000 locations in the United States.

Setting up an account in the Samsung Pay app is fast. The virtual card will appear instantly within Samsung Pay upon approval. And as soon as users receive their physical debit card in the mail, the card is ready to use in a snap, as users just have to open Samsung Pay and activate the card with a tap.

To help people manage their finances from anywhere, Samsung Money by SoFi puts essential financial tools at users’ fingertips. With just a tap in the Samsung Pay app, users can check their balance, review past statements, and search transactions. They can flag suspicious activity, pause or restart spending, freeze or unfreeze their card, change their pin, and assign their trusted contact.