Level Bank A Fin-Tech Offering Hybrid Checking/Savings Account With 2.10% APY No Activites Required & 1% Debit Cashback With DD

enduser
  |     |   137 posts since 2015

Not to be confused with Level One Bank.

https://levelbank.com/

https://levelbank.com/faq

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.




enduser
  |     |   137 posts since 2015
Wow that was short lived. New rates are .0.50% APY on Deposits, and 1.00% Unlimited Cash Back on debit card.


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