Samsung unveils Samsung Money by SoFi

According to the press release, the solution allows Galaxy smartphone users to choose between opening an individual or joint cash management account, with an ATM fee reimbursement at more than 55,000 locations in the US. Besides, as soon as users receive their physical debit card in the mail, there’s no need to call a 1-800 number, as the card is ready to use by just opening Samsung Pay and activating it with a tap.

Additionally, Samsung Money by SoFi will offer its users essential financial tools. Therefore, users can check their balance, review past statements, search transactions, flag suspicious activity, pause or restart spending, freeze or unfreeze their card, change their pin, and assign their trusted contact – without having to leave home or call a representative. Users can also benefit from enrolling in the Samsung Rewards programme, by earning points for every purchase they make using Samsung Pay. Loyal Samsung Pay users with 1,000 or more Samsung Rewards Points will be able to redeem their points for cash that will be deposited directly into their Samsung Money by SoFi account.