Student Banking and Credit:
Encouraging Early Financial Literacy
ALPHA LAUNCH (UTC-4):
Join the Waitlist to Secure Your Founder-Level* Account at XL Financial.
*as a Founder-Level account client (for either personal, student or business banking and/or credit), you will receive life-time one-on-one live support and an xl Financial Founder metal debit and/or credit card.
Checking
Savings
Credit Builder VISA® Card
Student Loans
Tuition Aid and Scholarships
Recruitment
Built-in xl Financial Student Wealth Manager
Student banking and credit that integrates guided financial mentorship and provides resources to help students create budgets, manage expenses and payments, and build their credit effectively.
No nonsense, simplified
Student banking.
Simplified fee structure:
1. Zero hidden fees
2. See #1...
No monthly fee checking and savings.
No minimum balance fees.
No in-network ATM fees.
No peer-to-peer transfers fees.
Track income, expenses and set spend limits.
Bill auto-pay.
Set budgets and financial targets.
Fraudulent transaction monitoring.
FICO score and credit activity monitoring.
FDIC insured checking and savings*.
Boost your student savings.
Earn higher interest...
3.28% APY*
(Industry average 0.46% APY, 02/20/24)
Unlock the potential of your savings with an exceptional 3.28% APY, providing you with accelerated growth and greater financial stability.
*on xl Financial Student Banking savings accounts
A student credit card like no other:
Credit builder
+ unlimited cash back.
Credit Builder Student VISA® Credit Card
Apply in minutes.
Pre-qualification without hard credit checks.**
Unlimited 1.5% daily cash back on purchases*, with no annual fee.
It gets better...
You're automatically enrolled in TUITION-BACK.
With an xl Financial student credit card, you're automatically signed up for our TUITION-BACK initiative. Sponsored by xl Community, you could...
>
win a reimbursement of your current year's tuition costs*
Wait, there's more... :)
You can also qualify to enter our
IT'S-ON-US
scholarship program.
As a student account holder (debit and/or credit), you will have access to xl Community's Student Hub, where you can participate in mentorship and self-help educational programs with others like you across America, and have a chance to...
> win one of our annual post-secondary school scholarships**
And more... :) :)
You're connected to xl Community's
HYRD
student recruitment program.
xl Community HYRD offers exclusive benefits to xl Financial student account holders (debit and/or credit) by seamlessly integrating education progress tracking with recruitment opportunities nationwide. Students can access these opportunities at no cost, benefiting both them and recruiters.
> zero cost recruitment platform for students
By participating, you also put your college in the running for our EDU ENHANCEMENT initiative.
Learn more about xl Community student programs and resources
Student lending?
We've got you covered.
Student loans
- Fully Covered Costs:
We ensures all school-certified expenses are covered, offering complete financial support.
- Fee-Free Convenience:
Experience no origination, late, or insufficient funds fees with xl Financial, simplifying your financial journey.
- Maximize Savings:
Enjoy discounts such as a 0.25% rate reduction with autopay and an additional 0.125% discount for multiple loans, supporting families with multiple college-bound children.
- Confident Cosigning:
After 24 consecutive on-time payments, students can request cosigner release, offering reassurance to both students and their cosigners.
Parent student loans
- Effortless Online Process:
Complete your loan application entirely online within minutes, including adding a cosigner with just a few clicks. Apply even faster for your next parent loan with our fast track application.
- Fee-Free:
xl Financial college loans for parents come with absolutely no fees—no origination, late, or insufficient funds fees.
- Competitive Rates:
Benefit from competitive variable rates starting as low as 6.95% with autopay*, ensuring potential savings compared to other private lenders.
- Flexible Repayment Options:
Discover multiple repayment choices for parent loans, allowing you to select the payment and rate plan that aligns with your budget.
Personalized Financial Planning:
Crafted for students, our digital wealth managers tailor financial plans to meet unique goals and needs.
Budgeting Assistance:
Access tools and insights to manage finances effectively, including budget tracking and analysis.
Investment Guidance:
Receive advice and portfolio management services to foster long-term wealth growth.
Risk Management:
Assess and manage investment risks, ensuring alignment with students' risk tolerance and financial objectives.
Goal Setting and Tracking:
Set and track financial goals, whether saving for tuition or building an emergency fund, with clarity and precision.
Financial Education:
Gain access to educational resources and insights to enhance financial literacy and informed decision-making.
Automatic Savings and Investing:
Seamlessly execute automatic savings and investment strategies to nurture financial growth effortlessly.
Access to Diverse Investment Options:
Explore a spectrum of investment opportunities, from stocks to bonds, ETFs, and mutual funds, enabling portfolio diversification and risk management.
Get Started on Your Path to Financial Success:
Secure Your Founder-Level* Account at XL Financial.
*as a Founder-Level account client (for either personal, student or business banking and/or credit), you will receive life-time one-on-one live support and an xl Financial Founder metal debit and/or credit card.
ALPHA LAUNCH (UTC-4):
Alata
Alice
Open Sans
Noto Sans
Bebas Neue
Great Vibes
Rock Salt
Exo
Belgrano
Overlock
Cinzel
Indie Flower
Staatliches
Roboto Slab
Lato
Noto Serif
Open Sans
Montserrat
Ubuntu
Rubik
Delius
Amiri
Montserrat
Let's talk...
Email us:
hello@xl.financial
1. Xl Financial is a financial technology company, not a bank. Banking services provided by TBD, Member FDIC.
2. The Xl Financial Debit and Credit Cards are issued by our banking partner pursuant to a license by Mastercard® International or VISA® U.S.A. Inc.
3. If you choose to link your Xl Financial Debit Card to an Xl Financial Community Program. You'll have the option to donate your spare change to any of the active Programs available. Each time you make a transaction with your Xl Financial Debit Card feature in your Xl Financial Checking Account, we'll round up the transaction amount to the nearest whole dollar (from $0.01 to $0.99) for every person who participates in the program. The excess amount will then be transferred to an Xl Financial Community Partner Account. Please note that even-dollar transactions ($xx.00) are not eligible for this service.
4. Out-of-network ATM withdrawal fees apply. Xl Financial will charge an ATM Withdrawal Fee or $2.50, in addition to any fees charged by the ATM operator. Please refer to account terms and conditions.
5. Xl Financial Inc is not a lender. All decisions and terms offered are the responsibility of the participating lenders. Your results will be unique based on the items showing in your credit report, zip code and other factors for certain products and services. Not all consumers will qualify for the advertised rates and certain restrictions may apply depending on the type of loan.
6. Xl Financial Invest Edge Accounts are held at a broker-dealer and qualified custodian TBD, Member SIPC and FINRA. Cash and investments in this account are protected by SIPC up to $500,000, with a limit of $250,000 for cash. For details, please see https://www.sipc.org are held at a broker-dealer and qualified custodian.
7. Investments in securities are Not FDIC Insured, Not Bank Guaranteed and May Lose Value
8. Investment advisory services are provided by Xl Financial Investment Advisory, LLC, an SEC registered investment adviser. Brokerage services are provided by DriveWealth LLC, member FINRA/SIPC.
9. Xl Financial Invest Edge, by Xl Financial Advisory, LLC, an SEC-registered investment adviser, seeks to earn net returns up to 5.43% annually on your idle cash. Net yield numbers as of 03/04/2024, and assumes total Xl Financial deposits of $20M+.
10. Xl Financial Invest Edge, by Xl Financial Advisory, LLC, an SEC-registered investment advisor. Registration with the SEC does not imply a certain level of skill or training. SEC registration does not mean the SEC has approved of the services of the investment adviser.
11. Xl Financial Advisory, LLC (the “Firm”) is an investment management firm that offers a wrap fee program that allows small businesses to invest idle cash in relatively low-risk, short-term instruments. The performance discussed herein is historic and reflects an investment for a limited period of time. It should not be assumed that future investors would experience returns, if any, comparable to those illustrated herein. Past performance is not indicative of future returns. Investment results will fluctuate. Returns are not guaranteed. All investments are subject to the risk of loss, including the loss of principal. No representation is being made that an investment account has, will, or is likely to achieve profits or losses equal to the profits or losses shown. Actual returns will vary greatly and depend on personal and market conditions. Before investing, consider your financial goals and the costs of using the program.
12. Furthermore, the information set forth has been obtained from sources that the Firm believes to be reliable; however, these sources cannot be guaranteed as to their accuracy or completeness. The information contained herein is not, and should not be construed as, an offer to sell or the solicitation of an offer to buy any securities. The information has been prepared solely for the purpose of determining your level of interest in Xl Financial Treasury and to provide general background information on such algorithmic investment program.
13. This information contains certain “forward-looking statements,” which may be identified by the use of such words as “believe,” “expect,” “anticipate,” “should,” “planned,” “estimated,” “potential” and other similar terms. Examples of forward-looking statements include, but are not limited to, estimates with respect to financial condition, results of operations, and success or lack of success of the depicted investment strategy. All are subject to various factors, including, but not limited to general and local economic conditions, changing levels of competition within certain industries and markets, changes in interest rates, changes in legislation or regulation, and other economic, competitive, governmental, regulatory and technological factors affecting operations that could cause actual results to differ materially from projected results.
14. Targeted returns (e.g., forward-looking statements of performance up to a stated return) reflects the returns that the Firm is seeking to achieve over a particular period of time. Projected returns reflect the Firm’s performance estimate – i.e., the returns that the Firm believes can be achieved using the advertised investment services. Target returns are presented to inform clients or potential clients about the Firm’s risk tolerances when managing the Xl Financial Invest Edge strategy and to provide information useful to a client or potential client when assessing how the Firm’s strategy fits within the investor’s overall portfolio. Target returns are not guarantees or promises of future return.
15. Xl Financial Invest Edge is not insured by the FDIC. Xl Financial Invest Edge are not deposits or other obligations of our sponsor bank, and are not guaranteed by them. Xl Financial Invest Edge products are subject to investment risks, including possible loss of the principal invested.
16. To receive cash-back, your Xl Financial accounts must be open and in good standing, meaning they cannot be suspended, restricted, past due, or otherwise in default.
17. Deposits in Xl Financial checking and savings accounts are held by our partner bank TBD, Member FDIC.
© 2024 All Rights Reserved | XL FINANCIAL INC.