This channel has been very helpful so far. we just switch to SoFi for our primary account. Do you use the Vaults like an envelope system, and manage bills from there?
@MagnifiedMoney6 ай бұрын
So glad to hear this! SoFi is a great option 👍🏼Yes, my wife and I use the vaults for setting aside money for larger financial goals (buying a car, etc.) as well as setting aside money for monthly, quarterly, and yearly bills that come our way.
@blackandwild336 ай бұрын
I'm kinda surprised that Varo isn't on this list since it also offers 5% APY up to the first $5k then drops to 3% APY for anything over that with direct deposit. Putting it at least at #2 ahead of Chime and well everything else. Now long term sure Sofi could have that potential with both checking and savings adding up to 5.10% APY but still have to do direct deposit for that also. Only other thing that is an issue is Sofi uses Mastercard so not really accepted at some places like Costco and Varo uses Visa. Varo also accepts Zelle.
@noahpalmieri9416 ай бұрын
Why would this be relevant if Wealthfront gives 5% on all funds
@ChaseDizzie5 ай бұрын
@@noahpalmieri941Wealthfront doesn't have a traditional checking and savings account. Chime and Varo do. Wealthfront doesn't have a bank charter. Varo does. Wealthfront doesn't have 24/7 chat and phone support. Chime does. Wealthfront has free instant transfers, but not to anyone with a debit card. Chime and Varo both have that feature. Wealthfront doesn't offer fee and interest free short-term loans. Chime does. Wealthfront doesn't offer a secured card that requires no credit check and approves everyone. Chime and Varo do.
@aaronthomas13546 ай бұрын
I'm trying to find a new banking I'm stuck on chime or Sofi banking I'm 24 years old and just so hard t chose!!!
@Spud_E_Buddy6 ай бұрын
Between those two choices, go with SoFi. In my opinion though, Wealthfront is king.
@memesyandhorrorshorts5 ай бұрын
Don't trust chime lol 😂 I hear their customer service sucks it's worthless and money she been stolen from them accounts stolen money stolen frozen accounts and I use sofi and it the best so far Varo good too but it just ok 😂
@prestonbarham20663 ай бұрын
I love both. I use Chime for daily spending and sofi for investing.
@robyn_southafrica6 ай бұрын
I like videos about SoFi and Wealthfront. Interesting!
@davidoliver626 ай бұрын
I have my sofi account connected to Zelle.
@ratenone6 ай бұрын
Credit Karma is offering 5.1% FYI
@KT-si9rz5 ай бұрын
Sofi for the win! Im not a loyalist but i still cant find an all in one solution like Sofi.
@MagnifiedMoney5 ай бұрын
We love SoFi over here in my household!
@kureikurashi75286 ай бұрын
You’re such a SoFi fanboy! So am I! 😂
@MagnifiedMoney6 ай бұрын
😂 Haha I can’t deny this!
@Zaevia6 ай бұрын
Yea the support is terrible so I left them
@memesyandhorrorshorts5 ай бұрын
@@ZaeviaI haven't had any issues 😂
@SoloPuntos6 ай бұрын
Any thoughts on betterment?
@Delanchet6 ай бұрын
Whis is Discover checking not on the list???
@josephmgomez39216 ай бұрын
I agree I just opened a Discover and Amex checking accounts
@ChaseDizzie5 ай бұрын
Probably because Capital One just agreed to purchase them.
@amichaeel6 ай бұрын
For the amex debit, you need an amex credit card to even get it, making the points earning feature virtually useless. Why would you earn 1pt for every 2 dollars spent when you can just use your amex credit card to get up to 10x more PER dollar?
@josephmgomez39216 ай бұрын
No you don't I just got my card from Amex debit card earlier.
@amichaeel6 ай бұрын
@@josephmgomez3921 yes you do, it says it on the front page We are currently accepting applications from Card Members with a U.S. Basic Consumer Card issued by American Express National Bank with 3+ months tenure. Current and prior American Express Business Checking customers are not eligible to apply at this time.
@JoshKoch2 ай бұрын
Chime closed my account without explanation
@liammin90003 ай бұрын
amex debit card can use costco warehouse???
@josephmgomez39216 ай бұрын
Primis, Upgrade and Everbank need to be reviewed.
@MagnifiedMoney6 ай бұрын
Thanks for the suggestions 👍
@mosheschwartz23115 ай бұрын
Any thoughts on UFB?
@alejandrourbinaalva37406 ай бұрын
If Sofi had Zelle I would have stayed with them...
@raze24005 ай бұрын
Zelle is on sofi now
@alejandrourbinaalva37405 ай бұрын
@@raze2400 How did you get it? I was looking all day yesterday since I saw your comment and had no luck.
@raze24005 ай бұрын
@alejandrourbinaalva3740 it's slowly rolling out. Sofi announced it last week
@kurtisvandevender77936 ай бұрын
You should review Zynlo Bank.
@MagnifiedMoney6 ай бұрын
Thanks for the suggestion 👍 We will add it to our list of potential banks to review.
@SuperEman5002 ай бұрын
Oi bruv, why didn’t you mention Lloyd’s of London?
@dral226 ай бұрын
Wealthfront destroyed all of them.
@Spud_E_Buddy6 ай бұрын
I couldn’t agree more.
@rayzella13Ай бұрын
But it’s a fin-tech company 😮
@anthonywilliams94156 ай бұрын
I love my local credit union.
@kevcrid4 ай бұрын
I wish Wealthfront automated portfolios had fractional share purchases.
@HwnDragon14 ай бұрын
Traditional vs online when the lights go out?
@FJHDZ6 ай бұрын
Could you do a vid on joint accounts for 2024?
@MagnifiedMoney5 ай бұрын
We will add this to our content idea list 👍
@BlackCoasterGeek4 ай бұрын
So the best banks aren’t real banks
@errole6 ай бұрын
What about Relay?
@CurioCreativeAgency2 ай бұрын
Relay is AWESOME but it is for a business account(s). I HIGHLY recommend it. These are personal checking options and Relay is for business checking and savings.
@badassuchiha48756 ай бұрын
is Citi Bank part of this list
@josephmgomez39216 ай бұрын
Nope
@MagnifiedMoney6 ай бұрын
No.
@xman99632 ай бұрын
FYI Sofi has Zelle now.
@DeniseHand-eh2rr5 ай бұрын
Wealthfront is the best.
@lisamock56945 ай бұрын
Can you do a video on varo 2024
@IggiePuff6 ай бұрын
Need to do a video on Walden Mutual Bank.
@joshsmith26804 ай бұрын
What about discover
@BosnianAJАй бұрын
No varo? No Ally? I know chime is a sponsor of yours
@asiasimpson7014 күн бұрын
Exactly. I love, love Ally. Ally is to me what SoFi is to him but I can give even more reasons why Ally is better. Ally is my main account. My top favorite accounts are 1. Ally, 2. Wealthfront, and 3. Navy Federal.
@Spud_E_Buddy6 ай бұрын
SoFi: We have a great Checking & Savings account. Wealthfront: Perhaps, but why separate them? Oh, so you can pay MUCH lower APY% on the Checking account 😂
@KT-si9rz5 ай бұрын
Actually it's important to have an actual bank sometimes. Especially when you are making big purchases e.g using a personal check for buying a car or purchasing land etc.
@memesyandhorrorshorts5 ай бұрын
@@KT-si9rztrue 😂 sometimes u need to tell ur bank your about to purchase a $19k car on the card in full and you need them to authorize it 😂 although I believe there are limits anyways like $1k /day
@ChaseDizzie5 ай бұрын
Capital One, Discover, American Express, Ally, Navy Federal, Alliant, and whichever local credit union offers the best products in your area. This video is close
@gaalxystar18735 ай бұрын
Will online credit union work too. Im thinking about gettig the Alliant one
@Zacthefacts6 ай бұрын
Forgot acorn is king
@josephmgomez39216 ай бұрын
SoFi is wack
@chatanp6 ай бұрын
Absolutely agree! 💯
@MagnifiedMoney6 ай бұрын
We love our SoFi account, but curious to hear why you think that?
@dral226 ай бұрын
Couldn't agree more. It's my least favorite. You need to have direct deposit with them in order to get the higher interest rate, and the app is so cluttered.
@chatanp6 ай бұрын
@@MagnifiedMoney - their UI is a jumbled mess. It's unnecessarily cluttered with irrelevant items. Plus the requirement of DD for the best rate is a bit annoying. I prefer PNC for my HYSA.
@LGN266 ай бұрын
@@chatanpcouldn’t agree more bro. It’s a a hot mess!