Step is a free banking app that offers various benefits such as building credit, earning cashback, and saving money. With Step Black, users can enjoy up to 8% cashback on purchases and establish credit history through the Step Visa Card without the risk of overspending. Additionally, users can earn 5.00% on their FDIC-insured savings and access $500 in annual perks. Step aims to provide a seamless banking experience for over 5 million users, helping them improve their financial well-being.

One of the key features of Step is the ability to build credit safely with every purchase and monitor credit scores directly from the app. Users in their 20s have seen an average annual credit score increase of 57 points, showcasing the effectiveness of Step in helping users establish and improve their credit history. Furthermore, users can earn up to 8% cashback on purchases made with the Step Visa Card, making everyday spending more rewarding and beneficial for their financial goals.

In addition to credit-building and cashback rewards, Step offers users the opportunity to earn 5.00% on their savings by setting up Savings Goals and utilizing Round Ups to automatically save spare change. The app also provides early access to direct deposit funds, allowing users to receive payments up to 2 days earlier. With features like instant money transfers, cash deposits at retail locations, and fee-free ATM access, Step aims to simplify banking and investing processes for its users.