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Regulatory Capital | 6 Months Ended
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Jun. 30, 2022
Regulatory Capital Requirements under Banking Regulations [Abstract] |
Regulatory Capital | Regulatory Capital SoFi Technologies, a bank holding company, and SoFi Bank, a nationally chartered association, are required to comply with applicable capital adequacy regulations established by U.S banking regulators. These requirements establish required minimum ratios for Common Equity Tier 1 (“CET1”) risk-based capital, Tier 1 risk-based capital, total risk-based capital and a Tier 1 leverage ratio; set risk-weighting for assets and certain other items for purposes of the risk-based capital ratios; and define what qualifies as capital for purposes of meeting the capital requirements. Failure to meet minimum capital requirements can result in certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a material effect on the Company’s financial statements. Additionally, regulatory capital rules include a capital conservation buffer of 2.5% that is added on top of each of the minimum risk-based capital ratios in order to avoid restrictions on capital distributions and discretionary bonuses. The risk- and leverage-based capital ratios and amounts as of June 30, 2022 are presented below:
June 30, 2022 |  | Amount |  | Ratio |  | Required Minimum(1) |  | Well-Capitalized Minimum(2)
SoFi Bank |  |  |  |  |  |  |  |
CET1 risk-based capital |  | $ | 945,290 |  |  | 23.9 | % |  | 7.0 | % |  | 6.5 | %
Tier 1 risk-based capital |  | 945,290 |  |  | 23.9 | % |  | 8.5 | % |  | 8.0 | %
Total risk-based capital |  | 968,087 |  |  | 24.5 | % |  | 10.5 | % |  | 10.0 | %
Tier 1 leverage |  | 945,290 |  |  | 32.6 | % |  | 4.0 | % |  | 5.0 | %
Risk-weighted assets |  | $ | 3,952,945 |  |  |  |  |  |  |
Quarterly adjusted average assets |  | 2,895,231 |  |  |  |  |  |  |
SoFi Technologies |  |  |  |  |  |  |  |
CET1 risk-based capital |  | $ | 3,035,247 |  |  | 30.2 | % |  | 7.0 | % |  | N/A
Tier 1 risk-based capital |  | 3,035,247 |  |  | 30.2 | % |  | 8.5 | % |  | N/A
Total risk-based capital |  | 3,378,418 |  |  | 33.6 | % |  | 10.5 | % |  | N/A
Tier 1 leverage |  | 3,035,247 |  |  | 34.4 | % |  | 4.0 | % |  | N/A
Risk-weighted assets |  | $ | 10,057,053 |  |  |  |  |  |  |
Quarterly adjusted average assets |  | 8,832,284 |  |  |  |  |  |  |
____________________ (1)Required minimums presented for risk-based capital ratios include the required capital conservation buffer. (2)The well-capitalized minimum measure is applicable at the bank level only. As of June 30, 2022, our regulatory capital ratios exceeded the thresholds required to be regarded as a well-capitalized institution, and meet all capital adequacy requirements to which we are subject. There have been no events or conditions since June 30, 2022 that management believes would change the categorization.

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- Definition Regulatory Capital Requirements under Banking Regulations [Abstract] + References No definition available. + Details
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- Definition The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1F -URI https://asc.fasb.org/extlink&oid=117337116&loc=SL5958575-112826 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (c)(2) -URI https://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1A -URI https://asc.fasb.org/extlink&oid=117337116&loc=SL5958569-112826 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (a)(2) -URI https://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (a)(1) -URI https://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1D -URI https://asc.fasb.org/extlink&oid=117337116&loc=SL5958573-112826 + Details
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