Built for businesses with globally distributed teams, suppliers, or customers, Levro removes the complexities of managing currencies and payments. Receive, hold, and send more than 34 different currencies to 80+ countries from a single interface with Levro. Focus on your core business and let Levro handle the hassle of managing your finances.
Levro delivers modern banking with minimal monthly fees, no monthly account balance, and simple, transparent cost structure so customers don’t feel nickel and dimed.
Levro is built for teams of internal and external accountants. Set permissions on a per user per account basis, and manage approvals across multiple teams.
Levro works with leading financial institutions to deliver secure banking. The platform is built on solutions following security best practices including SOC2 (Unit) / ISO 27001 (CurrencyCloud). USD accounts are FDIC-insured, and multi-currency accounts are held by Tier 1 banking providers.
Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://go.thread.bank/sweepdisclosure and a list of program banks at https://go.thread.bank/programbanks. Please contact [email protected] with questions regarding the sweep program.
Manage your treasury operations without minimums, hidden fees, or costly delays. Levro allows you to convert between 34+ currencies so you can pay your team and vendors in their local currencies at the most competitive rates.
Levro provides bank beating exchange rates/service/technology and no payment fees when you convert and send vendors. There are no hidden fees with international wires, so you know exactly how much your recipients will get.
Get up-to-date alerts and notifications for your most important payments using Levro’s SWIFT tracking. Receive updates on the location, status, and exceptions for global payments
Manage your balance sheet against currency fluctuations using a single bank account. Apply dollar-cost averaging principles to your large conversions to smooth out impacts by FX, or make larger conversions when the rates are near their 52-week lows.
Simplify your finances with an easy-to-use platform to track and manage across your organization. Issue physical and virtual cards to your employees with customizable limits, and protect your businesses from potential data breaches with virtual vendor cards. Instantly use our virtual cards online and in person via Apple Wallet and Google Pay.
Personalize spend controls on a per card basis, and create multiple cards for different purposes. Automate your account reconciliation with purpose-specific and vendor-specific virtual cards.
Add employees, vendors, physical, and virtual cards without paying annual fees. Transact worldwide with no foreign transaction fees.
Levro’s Visa Business Debit Cards are secured by Visa’s 3-D Secure protocol to minimize risks of fraud or unauthorized transactions.
Make complex multi-currency compliance fast and easy with Levro’s US-based accounts. Integrated with top accounting platforms and compliant with FBAR, Levro reduces time and effort spent on accounting so you can focus on growing your business.
Export reports per currency and import all transactions into Quickbooks or Xero.
Buy and hold 30+ currencies without worrying about FBAR compliance. Levro’s US-held multicurrrency accounts do not require FBAR. This means no additional FinCEN Form 114’s and no need to track average monthly balances.
Connect your accounts to Levro using Plaid, no more waiting for verification deposits. Easily transfer funds across accounts without having to think about routing numbers or SWIFT codes.
Business banking does not need to be one-size fits all.² Levro’s solutions engineering team takes the best of enterprise software and agile development to build for your specific needs.
Levro’s platform is built for enterprise-specific adaptation. From bulk payments, treasury operations, and custom automation, Levro accelerates the financial function end-to-end.
Multi-currency treasury operations is a major challenge for businesses looking to build out global teams or suppliers. Levro offers planning workshops to clients to help make that process easier.
Levro makes the transition simple with a comprehensive, phased transition plan and a dedicated onboarding team to customize to your specific business needs.
1 Daily cut-off times apply and other limits apply. Please refer to the Levro Deposit Account Agreement for details on banking services provided by Thread Bank; Member FDIC. Annual Percentage Yield (APY) on accounts provided by Thread Bank is effective as of 11/08/2024. For balances between $100,000 - $199,999.99 the account earns 0.85% APY. For balances between $200,000 - $999,999.99 the account earns 1.71% APY. For balances between $1,000,000 - $2,999,999.99 the account earns 3.42% APY. For balances over $3,000,000 the account earns 3.46% APY. The given APYs are based on a variable rate and may change at any time. Fees may affect earnings on the account.
2 Levro is a financial technology company, not a bank. Banking services provided by Thread Bank; Members FDIC.. Deposits are FDIC-insured through Thread Bank, Member FDIC. Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://thread.bank/sweep-disclosure/ and a list of program banks at https://thread.bank/program-banks/. Please contact [email protected] with questions regarding the sweep program.
The Levro Visa Debit Card is issued by Thread Bank; Members FDIC, pursuant to a license from Visa USA Inc. Your funds are FDIC insured up to $250,000 through Thread Bank; Members FDIC. Payment services in the United States are provided by Visa Global Services Inc. (VGSI), a licensed money transmitter (NMLS ID 181032) in the states listed here. VGSI is licensed as a money transmitter by the New York Department of Financial Services. Mailing address: 900 Metro Center Blvd, Mailstop 1Z, Foster City, CA 94404. VGSI is also a registered Money Services Business (“MSB”) with FinCEN and a registered Foreign MSB with FINTRAC. For live customer support contact VGSI at (888) 733-0041. Payment and e-money services are provided by The Currency Cloud Limited. Please refer to Levro Foreign Exchange Services Addendum for details. Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorized by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199)
* 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 Levro Deposit Account Agreement and Levro Visa® Debit Cardholder Agreement for products issued by Thread Bank"
4 The Levro Visa® Debit Card is issued by Thread Bank; Members FDIC, 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.