Changelog

April 19, 2023

Improvement

  • Approval flow is always computed in the backend. All payments to a pending recipient now require an explicit approval in the Approvals inbox (vs previously, the payment automatically went out and the recipient was approved if the user was Full Access)

Bug Fix

  • Fixed an issue with Bill Pay when there's no accounting connection and lines items are OCR-ed
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1 Daily cut-off times apply and other limits apply. Please refer to the Levro Deposit Account Agreement for details. Annual Percentage Yield (APY) of 5.08% is effective as of 7/23/2023. This is a variable rate and may change after the account is opened. No minimum opening deposit required, however, you must maintain a minimum balance of $10,000,000 to earn the stated Annual Percentage Yield. Fees could affect earnings on the account.

2 Levro is not a bank. Banking services are provided by Blue Ridge Bank, N.A, Member FDIC. Deposits are FDIC-insured through Blue Ridge Bank, N.A.,Member FDIC. The Levro Visa Debit Card is issued by Blue Ridge Bank, N.A., Member FDIC, pursuant to a license from Visa USA Inc. Your funds are FDIC insured up to $250,000 through Blue Ridge Bank; Member FDIC. Payment services are provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: The Steward Building 1st Floor, 12 Steward Street London E1 6FQ. Payment services for Levro Inc. (non-MiFID/no card products/no investment products) are provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199). In the US Currency Cloud operates in partnership with CFSB. CFSB fully owns the bank program and services are provided by The Currency Cloud Inc.

* Accounts are eligible for pass-through deposit insurance only to the extent pass-through insurance is permitted by the rules and regulations of the FDIC, and if the requirements for pass-through insurance are
satisfied. There may be a risk that pass-through deposit insurance is not available because conditions have not been satisfied. In such cases, funds may not be fully insured in the event the insured depository institution where the funds have been deposited were to fail.

3 Additional fees imposed by card networks may apply to all international transactions using the Card. Please refer to the Levro Deposit Account Agreement and Levro Visa® Debit Cardholder Agreement for details

4 The Levro Visa® Debit Card is issued by Blue Ridge Bank, N.A., pursuant to a license from Visa U.S.A. Inc.

In order to receive information about your Personal Data, the purposes and the parties the Data is shared with, contact Levro. For more information and to understand your rights, you can also view the complete version of this privacy policy.

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