Samsung Money by SoFi goes live in the United States

By Pavithra R

Samsung Electronics America has announced the availability of Samsung Money by SoFi, mobile-first money management experience to consumers in the U.S.

Samsung Money by SoFi, launched in partnership with SoFi, a leading fintech company, brings a cash management account, accompanying Debit Mastercard and exclusive benefits to Samsung Pay. Samsung has also announced that active users will soon have access to an exclusive discount on Samsung’s award-winning products. Users will receive discounts on Samsung tablets, Galaxy smartphones, wearables, TVs, laptops, washers, refrigerators, and more on Samsung.com.The program will reward loyal account holders with a discount, on top of any offers. Once live, and once an account is funded, users will see a banner in the Samsung Money section in the Samsung Pay app. Clicking that banner will provide access to the discount.

Samsung Money By SoFi features:

• Instant Activation,
• No Account Fees,
• Added Savings and Benefits: Samsung Money by SoFi will reward users for saving, earning up to 6x higher interest rate relative to the national average of transactional accounts. Besides, users will also earn Samsung Rewards points for every purchase they make within Samsung Pay,
• Money Management: Users can use the Samsung Pay app to check balance, review past statements, and search transactions. Users are given control to pause or restart spending, freeze or unfreeze card, change pin and assign trusted contact,
• Peace of Mind: Users can only spend the money they have, and in the event of an unauthorized transaction, they will receive an alert and assume zero liability. Samsung Money by SoFi comes with the defense-grade security of Samsung Knox, which protects users’ information all the way down to the chip level.

Samsung Money by SoFi is available to Samsung Pay users in the United States and can get started by tapping the Money tab in the Samsung Pay app. Samsung is planning to make exclusive discounts on Samsung products available in the coming weeks.