Samsung Money by SoFi has officially been released in the USA today. Samsung Pay users located stateside can now open a Money by SoFi account and gain access to a cash management account, Debit Mastercard, and exclusive benefits including a chance to win $1,000 in Reward points towards the purchase of Samsung products.
The Samsung Money by SoFi platform benefits from no in-network ATM fees, no account management, convenience, or overdraft fees. Once customers sign up for the service, they'll gain access to a digital card within Samsung Pay and receive a physical card in the mail. Activation is instant.
Additional exclusive benefits are on the way
There are many benefits to using Samsung Money by SoFi, such as better security thanks to Samsung Knox, peace of mind thanks to an FDIC account insurance of up to $1.5 million, and the ability to withdraw cash from over 55,000 ATMs within the Allpoint network.
Aside from these advantages, the launch of Samsung Money by SoFi will also be celebrated with new exclusive benefits in the next few weeks. Samsung USA revealed today that Money by SoFi users will have exclusive access to discounts on a variety of Galaxy products in the coming weeks, including smartphones, tablets, wearables, laptops, TVs, as well as home appliances such as refrigerators and washers. It's unclear whether these discounts will apply to the company's upcoming products such as the Galaxy Note 20 series, the Galaxy Buds Live, and/or the Galaxy Watch 3.
