What happens to my SoFi accounts if I cancel SoFi Plus?

Cancelling SoFi Plus only removes the paid membership benefits (such as the higher APY bonus and career coaching). Your SoFi bank accounts, investments, and loan products remain fully active and unaffected.

Will I lose the higher APY on my SoFi Savings account?

Yes — SoFi Plus members receive a bonus APY on their Savings account. After cancellation, your APY will revert to the standard (lower) rate for non-members, but your savings balance and direct deposit remain intact.

Can I reactivate SoFi Plus later?

Absolutely. You can resubscribe to SoFi Plus at any time from your account settings. Your previous account history and balances will be unaffected.

How to Cancel SoFi (2026)

SoFi plans start from $0.00/month. Follow our 5-step guide to cancel your subscription in about 5 minutes — with tips to avoid retention offers.

Updated: March 2026

from $0.00/month

Easy

Estimated Time:5 minutes

Cancel Method:Website

Log in to SoFi

Visit sofi.com and log in to your account, or open the SoFi app on your smartphone.

Navigate to Account Settings

Click on your name or profile icon in the top-right corner and select 'Settings' or 'Account'.

Find SoFi Plus Membership

Look for the 'SoFi Plus' or 'Membership' section within your account settings. This is where your paid subscription is managed.

Cancel SoFi Plus

Click 'Cancel Subscription' or 'Manage Membership' and follow the prompts to downgrade from SoFi Plus to the free SoFi account tier.

Confirm your decision

Review what features you'll lose and confirm the cancellation. Your SoFi Plus benefits will remain active until the end of the current billing period.

Retention Tips

We'd hate to lose you as a SoFi Plus member. Your membership includes a boosted APY on savings — one of the highest rates available — plus exclusive loan discounts and career coaching sessions. If you're not using all the benefits right now, your savings account is still earning more than it would with most traditional banks. Would you like to review what's included in your plan before making a final decision?