As a SoFi user, I’ve found that integrating their various products has significantly streamlined my financial management and future planning. The seamless connection between SoFi’s credit score monitoring, checking, savings, and brokerage accounts has provided me with a comprehensive view of my financial health and helped me make more informed decisions.

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When I first linked my SoFi checking and savings accounts to the Relay platform, I immediately noticed how much easier it became to track my spending and saving habits. The automatic categorization of transactions allowed me to quickly identify areas where I could cut back, helping me allocate more funds towards my savings goals.
The integration of credit score monitoring with my other SoFi accounts has been particularly useful. By regularly checking my credit score and understanding the factors that influence it, I’ve been able to make strategic decisions about my credit usage. This has helped me maintain a strong credit profile, which I know will be crucial when I’m ready to apply for a mortgage in the future.
SoFi’s brokerage account integration has been a game-changer for my retirement planning. I can now see my investments alongside my day-to-day finances, giving me a clear picture of my overall net worth. This holistic view has motivated me to increase my retirement contributions, as I can easily see how these investments fit into my broader financial picture.
The ability to set and track financial goals across all my SoFi accounts has been instrumental in planning for my future. Whether it’s saving for a down payment on a house or building an emergency fund, I can easily monitor my progress and adjust my strategy as needed.
Perhaps most importantly, having all my financial information in one place has saved me significant time and reduced my stress levels. Instead of juggling multiple apps and websites, I can manage my entire financial life through their single platform. This efficiency has allowed me to spend less time worrying about my finances and more time focusing on my long-term goals.
While the integration isn’t perfect – there have been occasional syncing issues – the overall experience has been overwhelmingly positive. SoFi’s integrated approach has not only simplified my financial management but has also given me greater confidence in my ability to plan for a secure financial future.
Table of Contents
Credit Score Monitoring with Relay
SoFi offers a comprehensive credit score monitoring service through its Relay platform. This free feature provides users with regular updates on their credit standing and broader insights into their financial health.
Relay, accessible via the SoFi mobile application, functions as an all-encompassing financial dashboard. It allows users to link various accounts, including bank accounts, credit cards, loans, and investments, providing a holistic view of their financial situation.Â
This consolidation enables individuals to track their net worth, monitor spending patterns, and receive personalized financial insights.
A key component of SoFi Relay is its credit score monitoring capability. Users receive weekly updates on their VantageScore 3.0 credit score, provided by TransUnion. This frequent reporting allows individuals to stay informed about changes to their credit profile and understand the factors influencing their score.
Beyond credit monitoring, Relay offers additional features to enhance financial management. These include spending breakdowns, debt summaries, and the ability to simulate different credit scenarios. SoFi also provides users with access to financial advisors and educational resources to help improve their credit standing and overall financial well-being.
By offering these services at no cost, SoFi aims to empower users with the tools and knowledge necessary for informed financial decision-making. The platform’s integration of credit monitoring with broader financial tracking capabilities presents a unique approach to personal finance management in the digital age.
Sign up for free credit monitoring here: https://www.sofi.com/invite/relay?gcp=5fdfcb30-8109-4769-a397-f38f19e42c7d&isAliasGcp=false. Note: I receive compensation for signups using my link.

Comparing SoFi to Other Services
Credit Score Provided
SoFi Relay uses the VantageScore 3.0 credit score from TransUnion. This differs from some other services:
- Credit Karma uses VantageScore 3.0 from TransUnion and Equifax
- Credit Sesame uses VantageScore 3.0 from TransUnion
- Experian provides FICO scores
It’s important to note that while VantageScore is useful for monitoring, most lenders use FICO scores when making lending decisions.
Frequency of Updates
SoFi Relay provides weekly updates to your credit score. This is comparable to many other free services, though some premium services offer daily updates.
Additional Features
SoFi Relay goes beyond basic credit score monitoring by offering:
- A holistic view of finances, including cash flow tracking and investment performance
- The ability to link multiple financial accounts for a comprehensive financial picture
- Access to a credit score simulator to see how different actions might affect your score
- Complimentary consultation with a financial planner2
Cost
SoFi Relay’s credit monitoring service is free. This is similar to basic offerings from Credit Karma and Credit Sesame, but differs from premium services like myFICO, which starts at $29.99/month.
Integration with Other SoFi Services

For existing SoFi customers, Relay integrates seamlessly with other SoFi products like banking and investing. This integration can provide a more comprehensive financial management experience compared to standalone credit monitoring services.
Limitations
Some users have reported issues with account syncing and limited customization options for categories. Additionally, SoFi Relay may not provide as detailed credit report information as some specialized credit monitoring services.
SoFi Relay
Spending Overview
- Displays monthly spending compared to average monthly spending
- Provides a spending breakdown across various categories
- Allows users to set up spending targets to help reach budget goals
Categorization and Customization
- Automatically categorizes transactions into different spending categories
- Offers the ability to create customized spending tracking
- Allows users to review and recategorize transactions if needed
Visual Representations
- Presents spending data through easy-to-understand charts and tables
- Features a pie chart that breaks down spending by different categories
Transaction Management
- Tracks transactions across all linked accounts
- Enables users to view recent transactions and spending history
Goal Setting and Monitoring
- Facilitates setting up monthly spending targets
- Helps users work towards financial goals by providing a better understanding of spending patterns
Additional Features
- Integrates with other SoFi services for a more comprehensive financial management experience
- Offers insights into spending patterns to help improve financial decision-making
- Provides access to complimentary consultations with financial planners for personalized advice
What Do You Need Credit Scores For?
Credit scores play a crucial role in various aspects of financial life, influencing decisions made by lenders, landlords, and even employers. Understanding the importance of these scores can help individuals make informed financial decisions and potentially save money.
Loan Applications
Credit scores are primarily used by lenders to assess the risk of lending money. A higher score can lead to more favorable interest rates on mortgages, auto loans, and personal loans. For example, a difference of just 100 points in a credit score could result in thousands of dollars saved over the life of a mortgage.
Credit Card Approvals
Credit card companies use these scores to determine whether to approve applications and what credit limits and interest rates to offer. Better scores often translate to higher credit limits and lower APRs.
Rental Applications
Many landlords check credit scores as part of the tenant screening process. A good score can increase the chances of approval and may even lead to lower security deposits.
Employment Opportunities
Some employers, particularly in the financial sector, may review credit reports (which include credit scores) as part of background checks. While this practice is regulated and not universally applied, a good credit score can be an asset in certain job markets.
Insurance Premiums
In some states, insurance companies use credit-based insurance scores to help determine premiums for auto and homeowners insurance. Better scores can lead to lower insurance costs.
Utility Services
Some utility companies may require deposits from customers with lower credit scores, while those with higher scores might avoid these upfront costs.
Negotiating Power
A good credit score can provide leverage in negotiations for better terms on loans, credit cards, and even with debt collectors.Understanding the multifaceted impact of credit scores underscores the importance of regularly monitoring and actively working to improve one’s credit standing. It’s not just about accessing credit; it’s about potentially saving money and opening doors to better financial opportunities across various aspects of life.
AI with SoFi
SoFi currently offers several AI-powered products and features, as of January 2025.
Conversational AI
SoFi has integrated Galileo Financial Technologies’ conversational AI engine, Cyberbank Konecta, into its personal finance app. This intelligent digital assistant (IDA) has improved response times by 65% and increased member satisfaction. The AI-powered assistant can handle 80% of common inquiries, including customer onboarding and support.
AI-Driven Lending Platform
SoFi utilizes an AI-driven lending platform that enables more informed decisions about loan approvals and risk assessment. This has led to improved credit performance and enhanced fraud protection.
Risk Management AI
SoFi has developed an AI-powered Virtual Assistant for its Risk Data Platform, using Snowflake’s Cortex and Artic technologies. This chatbot streamlines data access, accelerates fraud strategy implementation, and improves success rates in fraud detection and prevention.
Robo-Advisor Platform
In late 2024, SoFi launched a new robo-advisor platform that expands access to diversified asset classes for everyday investors. While not explicitly stated as AI-powered, robo-advisors typically utilize AI algorithms for portfolio management.
AI-Powered Financial Management
SoFi is developing an AI model that learns from users’ financial behaviors, spending patterns, and goals to provide personalized financial advice. This system aims to create a proactive model of consumer banking, acting as a 24/7 Robo financial adviser.
These AI initiatives demonstrate SoFi’s commitment to leveraging artificial intelligence to enhance its financial services and improve user experiences across its platform.
Updated: January 30, 2025 by Michael Kahn