Your Comprehensive Guide to Your SoFi Routing Number and Steps to Take If It’s Marked as ‘Invalid’
When dealing with a financial institution, it’s important to know your routing number. This number is essential for various banking activities like setting up direct deposits, linking your bank account to an external account, and transferring funds to payment apps. If you’re a SoFi customer, here’s what you need to know about your routing number.
**SoFi Routing Number**
SoFi’s routing number is 031101334. This number is crucial for completing many banking tasks.
**What To Do If Your SoFi Routing Number Is ‘Invalid’**
Ideally, you won’t encounter issues when using your SoFi routing number. However, if a system flags your routing number as “invalid,” you can resolve this. SoFi suggests providing your financial institution or employer with a formal letter available on its website. After sending this letter, they should update their information to include SoFi’s routing number. If the problem continues, contact SoFi customer support for assistance.
**How To Find Your SoFi Routing Number**
To find your SoFi routing number or account number, log in to your SoFi account. On the mobile app, go to the “Banking” tab and select the “More” icon. On the desktop version, go to the “Banking” tab, select “More,” and then “Account details” to find your routing and account numbers. Alternatively, you can check your physical checks, where the routing number is the first nine digits in the bottom left corner.
**What Is a Routing Number?**
A routing number is a nine-digit number that identifies a specific financial institution, indicating where transactions should be processed. It is sometimes called an American Bankers Association (ABA) number. Some banks have one routing number, while others have multiple.
**When You Might Need Your Routing Number**
You might not use your routing number daily, but you will need it for:
– Setting up direct deposit
– Setting up automated billing
– Making payments to bill providers online or over the phone
– Making wire transfers
– Transferring money between accounts at different banks
– Linking your bank account to payment apps like Venmo
In addition to your routing number, you’ll need your account number for many banking tasks. The routing number identifies your bank, while the account number is specific to your account. Ensuring these numbers are correct is crucial to avoid funds being sent to the wrong account.
**Takeaway**
You need your routing number and account number for many financial transactions. Whether setting up a fund transfer or arranging direct deposit, double-check these numbers to avoid errors that could send your funds to the wrong account.