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Unexpected inactivity fees on banking account

πŸ’Έ moneyproduct problemSingle report ●●●●● severity 3/5

A SoFi user reports that their account balance was reduced by multiple $25 charges labeled as inactivity fees, which they claim they were not aware of.

Who's affected: A SoFi banking app user who has not logged in for an extended period and possibly others in the same situation.

⚠️ Single report. This is one person's account. We mark it so until more voices confirm it.

What people do today

πŸ”§ Fix this

Ideas a builder, maker or community group could start on:

  1. A notification service that alerts users via email or SMS when their account is approaching inactivity status before fees are charged.
  2. A dashboard feature that clearly displays a summary of all potential account fees and the specific conditions that trigger them.
  3. A policy change requiring explicit user opt-in or confirmation before an inactivity fee can be deducted from a balance.
I want to build this

Real voices

β€œLogged in and saw -$25 being pulled out several times with comment that say inactivity.”

Source: App Store review: sofi

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