What is Sofi? Sofi is an online bank that is very oriented towards the social and financial well-being of its customers. They started off as a lending institution that was mainly focused on student loans to help students get the best rates they could if they were going to get loans for their higher education….
What is a credit score? A credit score is a score tied to your social security number. This number is based on how much “debt” a person uses in their day-to-day life and how good a person is at paying back said debt. One of the most common ways to build up a person’s credit…
What is Chime? Chime is an online bank like Sofi or Ally. They are an online bank that provides checking accounts, savings accounts, and credit cards for its customers. It was founded on the premise that basic banking services should be helpful, easy, and free. That’s why their model doesn’t rely on an overdraft, monthly…
What is a savings account? A savings account is a type of account that you can open in a financial institution like a bank or credit union. This type of bank account allows you to deposit money to be stored safely in a bank for you. Savings accounts also typically earn more interest than checking…
What is a checking account? A checking account is a type of account that you open with a financial institution like a bank or credit union that allows you to deposit your money to be held with them and can withdraw it at any time. Checking accounts allow people to access the money held in…
What is a credit card? A credit card is similar to a debit card that comes with a checking account in that in so far as they are both relatively small cards that are usually plastic and are linked to your bank account in order to take money out of your checking account after you…
What is Sofi? Sofi is an online bank that is very oriented towards the social and financial well-being of its customers. They started off as a lending institution that was mainly focused on student loans to help students getting the best rates they could if they were going to get loans for their higher education….
