Earlier this year in May, Samsung revealed that the company will soon launch an ‘innovative debit card backed by a cash management account’ by collaborating with SoFi. Today, the company has announced that customers in the US can now register to access the new mobile-first money management system called Samsung Money by SoFi.

Samsung Money by SoFi

Money by SoFi offers a cash management account that works in tandem with Samsung Pay, a debit card created in collaboration with Mastercard, and unlocks some exclusive benefits as well that will offer discounts on smartphones, accessories, and a host of appliances. The official press release mentions that there won’t be any account fees, overdraft fees, or transfer fees of any kind for creating an account.

Samsung Money by SoFi

Samsung says that as soon as users fund their new Samsung Money by SoFi account, they will instantly get a digital debit card that can be accessed from their Samsung Pay wallet while the physical card will arrive later. Users will also get reward points for every purchase they make. Additionally, the account management system is backed by the company’s own Knox security system.

I’ve been writing about consumer technology for over three years now, having worked with names such as NDTV and Beebom in the past. Aside from covering the latest news, I’ve reviewed my fair share of devices ranging from smartphones and laptops to smart home devices. I also have interviewed tech execs and appeared as a host in YouTube videos talking about the latest and greatest gadgets out there.
You May Also Like
facebook aat
Facebook upgrades AAT system that generates photo descriptions for visually impaired users
Facebook says that it has increased the number of ‘concepts’ that the AAT system can reliably identify in a photo by a factor of 10X.
snapchat permanently suspends donald trump
Snapchat permanently suspends Donald Trump’s account citing public safety concern
Snapchat recently stopped promoting Trump’s posts in Discover over material that was deemed harmful and posed a risk of inciting violence.
mozilla firefox
Mozilla makes it easier to install extensions on the Firefox browser for Android
With v85.0 of the Firefox browser on Android, users will be able to install extensions directly from the addons.mozilla.org (AMO) page.