Setting up a Level Earnings Account to claim a Level Advance offer:
The Level Earnings Account allows Level to facilitate the disbursement of your Advance to you, as well as your Advance repayment. The funds in your Level Earnings Account are FDIC insured up to $250,000 through Piermont Bank; Member FDIC. There is no minimum balance and no monthly fees. Find the full fee schedule in the Deposit Account Agreement here.
The Level Earnings Account also enables other Level services, like Get Paid Early. You may learn more about this feature in this Help Center article: What is the Level Earnings Account and how does it work?
Using the Level Earnings Account for direct deposits:
Using the Level Earnings Account for direct deposit of Level-supported apps is the only action you need to automatically repay your Level Advance. Once your payouts are directed to your Level Earnings Account, your repayment percentage of relevant income will automatically be contributed towards repayment of your Level Advance.
Want more? Email us at firstname.lastname@example.org or call toll-free at (877) 414-2955. You may also self-serve within our Help Center to learn more about our resources within Level Pro, our Level Earnings Account, which is FDIC insured through Piermont Bank; Member FDIC, and how our Level Advance payment and repayment works.