Step: Bank & Build Credit

Step is a financial services platform that offers a variety of benefits to its users. One of the main benefits is the ability to safely build credit with every purchase and monitor your credit score directly from the Step app. This is especially beneficial for users in their 20s, as the average annual credit score increase for Step users in this age group is 57 points. This can help young adults establish a strong credit history and improve their financial standing.

Another major perk of using Step is the opportunity to earn up to 8% cashback on purchases made with the Step Card, which is accepted worldwide wherever Visa is accepted. This can add up to significant savings over time and make everyday purchases more rewarding.

In addition to cashback, Step also offers a competitive interest rate of 5.00% on savings. Users can set up Savings Goals and automatically add spare change to them through Round Ups, making it easy to save and earn interest on every penny. This can help users reach their financial goals faster and with less effort.

Step also offers the convenience of getting paid up to 2 days early with direct deposit. Users can also enter monthly prize drawings for cash, laptops, and shopping sprees by setting up direct deposits of $150 or more. This feature can help users manage their finances more efficiently and potentially win exciting prizes.

With Step, users can easily move money by instantly sending and receiving funds, depositing cash at over 70,000 retail locations nationwide, and accessing over 30,000 fee-free ATMs. This makes it easy to manage and access funds wherever and whenever needed.

Lastly, Step offers the opportunity to invest with as little as $1. Users can buy and sell stocks, ETFs, and bitcoin for as little as $1, and even turn spare change into smart investments through Round Ups. This makes investing accessible and affordable for all users. It's important to note that banking services are provided by and the Step Visa card is issued by Evolve Bank and Trust, a member of FDIC. Additionally, Visa's Zero Liability policy does not apply to certain transactions, and users must take care to protect their card and report any unauthorized use to their financial institution immediately. Out-of-network ATM withdrawal fees may also apply. Early access to direct deposit funds is dependent on the timing of the payment file submission and may be up to 2 days earlier than the scheduled payment date. Overall, Step offers a comprehensive and convenient financial services platform with a range of benefits for its users.