LevelUp Checking
ACCOUNT OPENING & MAINTENANCE
Minimum Opening Deposit | $0.00 |
Statement Cycle | Monthly |
Monthly Maintenance Fee | $0.00 |
ATM & DEBIT CARD
Happen Bank Fee to Use an In-Network ATM (SUM or MoneyPass ATM) | $0.00 Plus, no fees charged ATM Owner |
Happen Bank Fee to Use Out-of-Network ATM | $0.00 Plus, Unlimited Rebate of fees charged by ATM owner1 |
1. International ATM rebates may not apply automatically. Happen Bank makes its best effort to identify ATM fees eligible for rebate. In the event you have not received a rebate for a fee you believe is eligible, please contact Customer Service at 800.242.0272.
INACTIVE/ZERO BALANCE ACCOUNTS
If your account remains inactive, meaning no customer-initiated transactions, for a period of 3 months and during that time your account reaches a zero balance and remains there, the Bank reserves the right to either keep the account open or close the account without further notice.
CHANGES IN NAME AND CONTACT INFORMATION
You are responsible for notifying us of any change in your name, address, or other information we use to communicate with you. We will attempt to communicate with you only by use of the most recent information you have provided to us. Account owners must always have a primary U.S. address in order to maintain a deposit account with Happen Bank.
HOW INTEREST IS EARNED ON YOUR ACCOUNT
Daily 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 principal in the account each day. Your account earns interest on the entire account balance each day at the interest rate and annual percentage yield in effect for the appropriate balance tier. Accrued interest is credited to the balance in the account on the last business day of the statement cycle. We use a monthly 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. If you close your account before accrued interest, if any, is credited you will receive the accrued interest.
The following chart shows the Annual Percentage Yields (“APY”) and interest rates effective as of 6/17/2025. Interest rates and APYs are variable and are subject to change without notice at any time, at the sole discretion of the bank.
Balance to Earn Interest | Interest Rate | APY |
$0-$2,499.99 | 0.00% | 0.00% |
$2,500.00+ | 1.00% | 1.00% |
LEVELUP CHECKING REWARDS AND ELIGIBILITY
LevelUp Checking offers the opportunity to earn cash back on everyday debit card purchases and on-time payments made from your LevelUp Checking account to your Happen Bank loan.
To qualify for LevelUp Checking Rewards:
Receive a Direct Deposit into your LevelUp Checking account during the month in review (an “Eligible Account”); and
Meet the qualifying requirements outlined below for the Debit Card Cash Back and/or Loan Payment Cash Back
Direct Deposits are defined as: Recurring Automated Clearing House (ACH) credits, including payroll, pension or government payments (such as Social Security) made by your employer or an outside agency. Direct Deposits do not include peer to peer payments, transfers from one account to another, cash advances, ATM deposits, or wire transfers. Transaction codes are set by payor and business-business, and business-to-contractor may be excluded, dependent on the transaction code set by payor.
DEBIT CARD CASH BACK
Debit Card Cash Back provides the opportunity to earn 1.00% cash-back on purchases from Eligible Categories when using a debit card tied to an Eligible Account (as defined above).
Eligible Categories include grocery, gas, and pharmacy, as defined by their Merchant Category Code (“MCC”). The MCC are assigned by merchants based on the types of products and services they primarily sell. MCCs are not assigned by Happen Bank. A merchant, or some of the items sold by a merchant, may seem to fall within an Eligible Category; however, the MCC may not fall into the Eligible Category. Purchase determinations are based on the MCC that Happen Bank receives in connection with a particular transaction.
The following purchases are not eligible to receive cash back: 1) any goods or services purchased that are returned or otherwise credited to your Eligible Account; 2) unlawful purchases. Additionally, purchases of currency, cash or cash equivalents (including, without limitation, gift cards, prepaid debit cards, or other cash equivalents) may not qualify for cash back.
From time-to-time Happen Bank reserves the right to modify Debit Card Cash Back earning opportunities through expanded MCC codes and/or cash back percentages, on a temporary basis, in support of Happen Bank promotional campaigns.
LOAN PAYMENT CASH BACK
Loan Payment Cash Back provides the opportunity to earn 2% cash back for Qualifying Payments made electronically from an Eligible Account (as defined above).
Qualifying Payments are: Happen Personal Loan payments made on-time monthly Payments made on-time from an Eligible Account in the amount of the monthly payment amount. Payments must be made electronically. Any payment received after the due date or amounts in excess of the monthly payment amount are not eligible for cash back. The monthly payment amount can be paid in multiple payments, as long as the full amount is received prior to the due date. The full monthly payment amount must be paid from a single Eligible Account; payments made from multiple accounts are not eligible. Payments made to Happen Bank Auto Loans, revolving purchase finance loans and CleanSweep do not qualify for cash back.
Reward Fulfillment: Accounts are reviewed after the end of each month. Any earned cash back will be credited directly to your Eligible Account on or before the 5th business day of the next calendar month. The Eligible Account must be open and active at the time the cash back is credited. We reserve the right to withhold or revoke cash back in cases of suspected abuse, gaming, or fraud. We may report the value of any cash back to the IRS as required by law. Any client whose tax status would require us to impose tax withholding of any sort will not be eligible for LevelUp Checking Rewards.
Overdraft Transfer Terms & Conditions
The Overdraft Transfers Terms are available for review. Enrollment is currently limited to eligible employees participating in an early-access period. Eligible customers will be able to enroll beginning on 11/23/2026. We are making the terms available in advance so customers can review the service details before enrollment opens.
If you have both a Happen Bank checking account and a Happen Bank savings account, you may choose to link them through the Overdraft Transfers service.
When Overdraft Transfers is turned on, funds may automatically be transferred from your linked savings account to your checking account to help cover transactions when your checking account does not have enough Available Balance to pay them.
Overdraft Transfers are subject to:
sufficient Available Balance in your savings account, and
a maximum transfer amount of $500 per Business Day.
If a transaction is presented for payment and your checking account does not have enough Available Balance to cover it, we may automatically transfer the amount needed (up to the Business Day limit) from your savings account to your checking account.
How Overdraft Transfers Are Processed
We will make one Overdraft Transfer from your savings account per Business Day. The amount of the Overdraft Transfer will be equal to the total amount of transactions presented against insufficient funds during a Business Day. The Overdraft Transfer will be limited to the lesser of the Available Balance in your savings account and a $500 limit per Business Day. The Overdraft Transfer will occur at the end of the Business Day.
Transactions presented on Saturday, Sunday, and Monday are treated as part of the same Business Day. In those cases:
the combined transfer amount is limited to $500, and
a single transfer will occur at the end of Monday (the next Business Day).
Important Limitations
We are not required to pay any transaction if:
the transaction amount exceeds the combined Available Balance in your checking account plus the $500 Business Day transfer limit; or
the combined Available Balance in your checking and savings accounts is not enough to cover the transaction at the time it is presented for payment.
We are also not required to make a transfer or pay a transaction if the checking account is dormant, inactive, or frozen.
The Overdraft Transfers service will end if either the checking account or the savings account is closed.
Eligibility
To enroll in Overdraft Transfers, you must be an owner on both the checking account and the savings account. Joint accounts may also be linked for Overdraft Transfers.
Capitalized terms not defined herein have the meaning assigned to them in the Deposit Account Agreement.
Transaction Limits: For account security, new relationships may have lower transaction limits for the first 30 days. See Personal Deposit Account Agreement and Online and Mobile Banking Agreement for additional details about Special Rules for New Accounts.
Account opening bonus: If you have received an email from Happen Bank about earning account opening bonuses, you may be eligible to earn a bonus. Bonuses are only available to the original recipient of the email directly from Happen Bank. Other customers who are not direct recipients of the email communication from Happen Bank, whether new or existing, are not eligible for this offer. To be eligible to receive a $200 bonus, you must: 1) open a Happen Bank LevelUp Checking account by October 31, 2026 and 2) meet the qualifying Direct Deposit requirement by December 31, 2026. To meet the qualifying Direct Deposit requirement, make two separate Direct Deposits of at least $500 each into the LevelUp Checking account, which must post to your account by December 31, 2026. Direct Deposits are defined as: Recurring Automated Clearing House (ACH) credits, including payroll, pension or government payments (such as Social Security) made by your employer or an outside agency. Direct Deposits do not include peer to peer payments, transfers from one account to another, cash advances, ATM deposits, or wire transfers. If eligibility requirements are met, your bonus will be deposited in your LevelUp Checking account by January 31, 2027. Your account must be open with a balance of at least $0.01 at the time of payment in order to receive the bonus. We may report the value of the bonus to the IRS as required by law. Limit to one bonus per customer.
For additional terms governing your account, please consult the Personal Deposit Account Agreement.
Happen Bank, N.A., Member FDIC
Rev. Date 10/2026
