Part of Elevate's mission is to make pricing as transparent as possible. That's why we're upfront about our subscription fee and ensure that any fees on transactions are always visible to you before you complete a transaction.
Our core pricing and subscription is simple.
- Elevate is free to use if you maintain an average balance of $2000 per month.
- On the 1st of every month Elevate will waive the subscription fee if your average balance for the previous month was over $2000. Otherwise we charge a $5 monthly maintenance fee.
- You will not be charged for the first calendar month you join.
General Fees
| Monthly Account Maintenance |
Free if your average balance in the previous month was $2000.
$5 if the monthly minimum balance has not been met. |
Elevate will check if you've met the minimum balance on the last day of every month. If not, then $5 will be debited from your account. This charge will only apply after your first full month. |
| Registration Fee | Free | We do not charge a registration fee. |
| Card Issuance Fee | Free | |
| Card Replacement Fee | Free |
Transaction Fees
| Inbound ACH | Free | |
| Inbound Wire (Domestic) | Coming Q4 2023 | |
| Inbound Wire (International) | Coming Q4 2023 | |
| Outbound ACH | $1 | 1-3 business days |
| Outbound Same Day ACH | $2 |
0-1 business days.
Note same-day before the ACH cut off time guarantees that we will process and submit the payment on the same business day. However the receiving institution may not process the payment till the following business day |
| Outbound Wire (Domestic) | Coming Q4 2023 | |
| Outbound International to Local Currency (Non-SWIFT) | Market FX Rate + 0.5-2% |
Market FX rate is provided to us by our payout partners. Elevate will add a percentage (spread) based on the country receiving the payment. The exact fee you will be charged will always be displayed before you confirm the transaction. |
| Outbound International to USD (Non-SWIFT) | $5 + 0.3% |
This feature is only enabled in selected countries but offers a very low cost alternative to SWIFT to send USD home to your local USD account.
1-3 business days. |
| Outbound International (SWIFT) | Coming Q4 2023 |
|
| Card Top Up Fee | n/a | Elevate provides you with a debit card not a prepaid card so no top up fees are applied |
| Card FX Fee | Mastercard FX Rate + up to 1% |
The exchange rate used for cross border transactions (e.g. making a EUR purchase with your USD card) is from Mastercard (see https://www.mastercard.us/en-us/personal/get-support/convert-currency.html ). The card processor also charges upto 1% but we cannot guarantee those charges. Elevate does not charge any further fees. |
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