Not to be confused with Level One Bank.
checking/savings does not require any additional activities to earn stated APY
1% Cashback on Debit [with $1000 monthly direct deposit]
Level offers 1% cashback on signature and online debit card purchases, not on PIN purchase. One important caveat: you need to have a monthly $1,000 direct deposit in order to be eligible for the debit card cash back.
2.10% Annual Percentage Yield on Deposits¹
1.0% Unlimited Cash Back²
No Fees¹
Not a true checking account since you can't write checks or deposit checks, or cash.
FDIC-insured
Your deposits are FDIC-insured up to $250,000 through Evolve Bank & Trust, Member FDIC.
24/7 Support
Need help with anything? We’re always here for you, with 24/7 support from our operations center in California.
FAQ -selected questions
Is Level a bank?
Level itself is not a state or federally chartered bank, however, we offer banking services through our partnership with Evolve Bank & Trust, Member FDIC. Evolve Bank & Trust holds all deposits in the Level Bank Account and is the issuer for the Level Debit Card, pursuant to a license from Visa U.S.A. Inc..
Will Level accept cash or check deposits?
No, cash or check deposits are not currently accepted. Stay tuned for product updates.
Level Bank Account Agreement
https://levelbank.com/level-bank-account-agreement
>Check Withdrawals Not Permitted on this account.
>It states that they will give you a account number and routing number but only for ACH transactions use
located in the smartphone APP.