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

  |     |   137 posts since 2015

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.


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


>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.

  |     |   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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