© 2020 Zero Financial, Inc. d/b/a Level, All rights reserved. Level logo is a trademark of Zero Financial, Inc. 1220 Oakland Blvd., Suite 350, Walnut Creek, CA 94596.

Evolve Bank & Trust, Member FDIC 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.

All text, graphics, audio files, code, downloadable material, and other works on this website are the copyrighted works of Zero Financial, Inc. All Rights Reserved. Any unauthorized redistribution or reproduction of any copyrighted materials on this website is strictly prohibited. Other product and company names are trademarks of their respective owners.

¹ Interest and Account Disclosures as a reference:

• Initial Deposit Requirement – There is no minimum deposit required.
• Rate Information – The Interest Rate offered on Level Bank Account is 0.50% with an Annual Percentage Yield of 0.50%, as of September 22, 2020. Like any interest-bearing bank account, APY is dependent upon different factors like the Federal Reserve, which means it may change. However, we’ll always work our hardest to deliver the highest rates we can.
• Balance Computation Method – We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the daily collected balance in the account each day. Interest on deposits begins to accrue no later than the business day that we receive credit for the deposit.
• Compounding and Crediting – Accrued interest is credited to the balance in the account on the last day of each statement cycle. Accrued interest that is credited to the balance in the account begins to earn interest no later than the next business day and compounds with each statement cycle.
• Effect of Closing an Account – You will not receive the accrued interest if you close your account before interest is credited.
• Fees – There are no fees charged by us for Level Standard. If you use the Level Debit Card at an ATM, the ATM owner may charge you a fee that will be disclosed to you. We will reimburse you one ATM operator fee per calendar month, up to $4 per reimbursement.
• 1.0% unlimited cash-back on Qualified Purchases is available to everyone initially and continues as long as the customer receives direct deposits of $2,500 or more in their Level Bank Account every 31 days. Qualified Purchases include online and signature-based purchases and exclude non-signature-based purchases, foreign transactions, account transfers, cash equivalents and other similar transactions. Signature-based purchases can be made in stores by selecting “credit” rather than “debit” at the point-of-sale.

Actual interest and cash back earned is subject to terms and conditions outlined in the Level Bank Account Agreement.

² Direct deposit and earlier availability of funds depends on timing of payer’s submission of deposits. We generally post deposits on the day they are received, which may be up to 2 days earlier than the payer’s scheduled payment date.

³ Comparison based on data compiled on September 15, 2020, from respective company websites. In some cases, competitors assess and/or waive fees if certain criteria are met. Registered trademarks are properties of their respective owners. Level Bank Account APY is 12x the national rate, which is a simple average of rates paid by U.S. depository institutions on balances < $100,000 in interest checking accounts. The national rate was calculated and published by the FDIC as of September 15, 2020 at fdic.gov/regulations/resources/rates.

⁴ As a cardholder, you will not be held responsible for unauthorized transactions if you use reasonable care in protecting your card from loss or theft; and you promptly report the loss or theft to Level. For specific restrictions, limitations and other details, please refer to the Level Bank Account Agreement.