Step: Build Credit Get Rewards 2.3.272

Step is a comprehensive banking solution that caters to over 4 million users, helping them develop smarter financial habits. With Step, users can earn an impressive 5.00% on their savings balance, exceeding the national average by more than 12 times¹. In addition, qualifying direct deposits allow users to earn up to 3 times the points. Step users also benefit from the ability to establish a positive credit history from a young age³, thanks to an FDIC-insured bank account and a Visa² Secured Card, both of which are free. Furthermore, Step enables users to invest in stocks, set savings goals, earn rewards, and instantly send and receive money⁴.

Step provides an array of advantages:

• Earn 5.00% on savings
• No signup fees, monthly fees, or overdraft fees
• Invest in stocks⁷
• Receive up to 3 times the points
• Build a positive credit history even before reaching 18
• Rewards at participating merchants
• Get paid up to 2 days early with direct deposit⁶
• Instantly send and receive money
• Deposit cash at over 70,000 retail locations nationwide
• Access over 30,000 fee-free ATMs nationwide⁵
• Merchant blocking feature available
• Customize your Step Visa Card
• Add your Virtual Step Card to Apple Pay
• Create savings goals to assist with budgeting for significant purchases
• Track your balance within the app

Additional benefits are available for parents:

Parents can enjoy peace of mind knowing their teenagers' transaction history is accessible with a simple click. With features such as savings goals, merchant blocking, and automated allowances, parents can feel confident that Step is equipping their teenagers for financial success.

• No signup fees, monthly fees, or overdraft fees
• Instantly send money to your teens⁴ and automate their allowances
• Connect your existing debit card, bank account, or other apps
• Gain visibility into your teen’s spending and savings
• Customer support available seven days a week
• Freeze your teens’ Step Card anytime
• Add up to four family members to Step
• Protected by Visa's Zero Liability Policy²

Please note: The Step deposit account does not accrue interest. The savings percentage represents cash rewards managed by Step, rather than interest, and is directly funded by the platform. The rewards would be equivalent to a 5.00% APY if calculated as such. The percentage is variable and subject to change. The national average rate quoted is based on the FDIC's published national average savings rate as of May 10, 2023.

Step operates as a financial services platform, with banking services provided by Evolve Bank & Trust and the Step Visa card issued by the same institution (Member FDIC). Not all transactions are eligible for Visa's Zero Liability policy; certain commercial card and anonymous prepaid card transactions, as well as transactions not processed by Visa, are excluded. Cardholders must be diligent in safeguarding their cards and must promptly report any unauthorized use to their issuing financial institution.

The Step Visa Card is specially designed to help build positive credit history, with activity reported to the three major credit bureaus solely based on Step Visa card usage, provided the account remains in good standing. Step does not have control over users' credit scores, which may also be influenced by factors beyond the Step Visa Card, including external activity or other loan products offered by Step. Credit scores are determined by credit bureaus and consider various factors beyond the Step Visa Card.

Transfers through Step may be subjected to review by the platform or users' respective banks, leading to potential delays.

Out-of-network ATM withdrawal fees apply.

Early access to direct deposit funds depends on the timing of payment file submissions from payers. Typically, funds are available on the day the payment file is received, up to two days earlier than the scheduled payment date.

Investing and advisory services are provided by Step Advisers LLC, a SEC-Registered Investment Adviser that offers non-discretionary recommendations. DriveWealth, a member of the Financial Industry Regulatory Authority (FINRA), manages and custodies investment accounts.