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SoFi FAQ arrow eDDA (Electronic Direct Debit Authorization) arrow 2How to set up eDDA?

You can set up eDDA without leaving the SoFi app.

  • On Balance Page:

(a) “Manage Bank Accounts” – Choose your bank account – “Enable eDDA”

(b) “Deposit” – Choose “eDDA” as Deposit Method – “Enable eDDA”

  • Verify your bank account information.
  • Wait for your bank to process the authorization which is usually processed within 5 minutes.

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