What happens to your Step accounts when you die

Step Spending Account

FDIC-insured deposit account through Evolve Bank & Trust (up to $250,000 standard, up to $1,000,000 with Step Black via Bank Deposit Custodial Program). Includes Step Visa Card with Visa Zero Liability Protection for spending. No monthly fees, no overdraft fees, no minimum balance. Builds credit history with every purchase reported to TransUnion, Experian, and Equifax. Users ages 17-20 build credit 57 points faster than national average in one year. Direct deposit available up to 2 days early. Teens under 18 require a parent or guardian sponsor; parent-managed accounts available for children ages 6 and older. No POD/beneficiary designation or trust retitling options are publicly documented.

Step Savings

Savings feature within the Step app earning up to 3.00% APY (requires Step Black; standard savings rate not publicly specified). No savings minimums, unlimited earning potential, and zero fees. Includes automatic round-up savings and savings goals features. FDIC-insured up to $250,000 through Evolve Bank & Trust ($1,000,000 with Step Black via Bank Deposit Custodial Program). No POD/beneficiary designation or trust retitling options are publicly documented.

Step EarlyPay

On-demand cash advance feature allowing users to borrow up to $250. Funds are transferred instantly to the Step account (typically within seconds, up to 30 minutes). Designed as a short-term cash advance tied to direct deposit. No POD/beneficiary designation or trust retitling options are publicly documented.

Step Black

Premium subscription tier: free with $500/month direct deposit, otherwise $4.99/month. Includes unlimited 1% cashback on all purchases (up to 10% on select Step Black partner brands), 3.00% savings rate, FDIC insurance up to $1,000,000 through Evolve Bank & Trust via Bank Deposit Custodial Program, and over $500 in annual perks. Points redeemable for cash deposits or gift cards and do not expire while the account remains open. No POD/beneficiary designation or trust retitling options are publicly documented.