What services are included with Ellevest banking?

With Ellevest banking¹, you’ll get an Ellevest Spend account, a custom Ellevest debit card¹, and an Ellevest Save account -- so you can spend smarter, earn cashback and save or invest sooner. 

Ellevest’s money membership is designed to be customized so you can personalize your experience. While you will have access to Ellevest Save and Spend accounts, it is not required that you utilize both. 

Ellevest Debit Card

Become an official card-carrying feminist: Your Ellevest debit card is customized to your level of membership, has contactless tap to spend, an extended warranty benefit, and lots of other World Debit Mastercard perks.

Round-Up to Save & Invest

When you have an Ellevest Spend account and turn on the Roundup* setting, we'll automatically round up every transaction to the next dollar. We'll put the change from those transactions right in your Ellevest Save account. Then that money is yours — you can let it add up in your Ellevest Save account or transfer it to an investment account!

Earn Cashback

With the Ellevest cash back rewards program, you can earn cash back for eligible transactions with your Ellevest debit card. If you have the Ellevest debit card, you’re automatically enrolled in the Ellevest cash back rewards program. When you shop at participating merchants, your eligible transactions will earn cash back. You can see the offers that are available and the cash back amount in the rewards section of the Ellevest iOS app. Offers are customized based on your spending history. Offers may change or be removed without notice. 

Any cash that you earn, will be transferred into your Ellevest Save account once a month at the beginning of the following month.

Save for your Goals

Use your Ellevest Save account to get saving for a goal with a shorter timeline, like your emergency fund. 

Spend Smarter

As an Ellevest member, you’ll have access to tips and features that help you spend smarter, like our 7-Day intentional spending email course or Budget How-to webinar.

Save on Fees

There are no overdraft fees, no account fees, and ATM fees are reimbursed when using your debit card in the US.† If you make a purchase with your debit card outside the US, any international transaction fees will be charged to your account and an international ATM withdrawal fee of $5 will be applied.

†Domestic ATM Transaction Fees will be reimbursed if a payroll direct deposit has been received within the prior 30 days of the ATM transaction settlement. International ATM withdrawal fee of $5 will apply. 

Security & Protection

The funds in your Ellevest Save and Spend accounts are FDIC-insured up to $250,000 per depositor through Coastal Community Bank, Member FDIC. Banking products and services are provided by Coastal Community Bank, member FDIC.

¹Ellevest’s banking services, the Ellevest Save and Spend accounts, are provided by Coastal Community Bank (“Coastal”), Member FDIC. Ellevest Debit Card is issued by Coastal Community Bank, pursuant to license by Mastercard International. Your Ellevest Save and Spend account deposits will be insured to the regulatory limits by the FDIC.

Funds held in your Ellevest investment accounts are not FDIC‐insured, not guaranteed by Coastal, and may lose value. Ellevest does not guarantee investment performance. Investing entails risk, including the possible loss of principal, and there is no assurance that the investment will provide positive performance over any period of time.