Levro Review: Multi-Currency Banking for Global Startups

Review of Levro Bank: Multi-Currency Banking for Global Startups

Though it’s a relative newcomer to the startup banking scene, Levro stands out as a neobank with a truly global perspective on business banking. Levro’s multi-currency account holds more than 34 currencies, all of which can be sent, received, and exchanged at rates that rival those of the best standalone FX providers. Low fees and fast payments rank among Levro’s main strengths, but the platform also offers a few other global banking features that help it to stand out. 

I received a code to try out Levro’s invite-only international banking platform, and I came away impressed. Some of the tools and features are still being tinkered with, but I can already recommend Levro as a great option for businesses that manage multiple currencies and teams based in far-flung locations across the globe. 

Business clients—including non-US residents and foreign-owned US LLCs—can open a Levro account completely online after signing up and securing an invite code. Let’s take a look at some of the pros and cons so you can decide if Levro is right for you.

Review of Levro Bank
  • Sign-Up Process – 10/10
  • Design & Usability – 10/10
  • Costs & Fees – 10/10
  • Features – 10/10


A multi-currency bank account with a modern interface, FDIC insurance, and features that should appeal to global startups. 


  • Multi-currency account with 34+ currencies
  • Low 0.25% FX fees and same-day payments for money sent via wire
  • Non-US resident friendly, with no SSN required
  • Unlimited physical and virtual Visa cards


  • Currently only available with an invite code
  • Some features, like currency-cost averaging, still need to be perfected
  • Only supports businesses with US entity


Table of Contents

What Is Levro?

Levro is a neobank that focuses on helping companies expand their business overseas. Founded in 2021 by two international founders, the company’s signature offering is a multi-currency bank account that can hold more than 34 currencies. 

Clients can send or receive these currencies from more than 80 countries, making Levro a great option for businesses with globally distributed teams or customers and suppliers around the world. 

Given its focus on currency exchange and international banking, Levro makes the most sense for companies that need to think about their business in a global context. More and more companies seem to be moving in this direction, so it’s nice to see a neobank that’s built specifically for a globalized economy.

What Makes Levro a Great Banking Solution for Global Startups

Here, I’ll run down all of the ways in which Levro’s international banking platform stands out from what you’d get with a traditional bank (and many other neobanks, for that matter).

One Account for Dozens of Global Currencies

Whether they start their operations in the US or in another country, companies that expand internationally usually face a moment of truth. This is when the complexity of paying vendors, contractors, and team members in different currencies becomes too much, and the logistics of making timely local payments threaten to overwhelm day-to-day operations. 

Levro solves this issue with its multi-currency account, which makes it easy to send international and domestic payments from a single interface. You can view your balance in every currency from the platform’s main dashboard. And all of these balances are added up to a single net account value, helpfully converted to USD.

From a secondary “Accounts” dashboard, you can create new currency accounts when they expand into new areas of business. It’s all quite easy to navigate, though Levro does a good job of balancing simplicity with all the information you might need to send or receive payments.

FDIC-Insured USD Accounts and Multi-Currency Accounts with Tier 1 Providers

It’s probably important to mention that Levro itself is not a bank. But in terms of services and security, you shouldn’t be able to tell the difference. Levro partners with Blue Ridge Bank and Community Federal Savings Bank to offer an FDIC-insured USD checking account for any business that signs up for the platform. 

Crucial information about the account—such as any details you’ll need to complete a SWIFT or ACH transfers—is available from the main dashboard or Accounts page. 

Though Levro’s non-USD accounts can’t be insured by the FDIC, your multi-currency funds will still be protected by Levro’s Tier 1 banking partners. All multi-currency funds are held by Barclays Bank via CurrencyCloud, and it’s easy to move funds between these accounts when you need to.

Low Fees and Competitive Currency Exchange Rates

High fees and unfavorable exchange rates can really eat away at your business margins, especially if you’re transferring money between currencies on a regular basis. 

Fortunately, it’s not too expensive to move money between accounts with Levro. You’ll pay a flat 0.25% FX markup on every transfer, which beats the 1–2% charged by many traditional banks. 

Maybe even more importantly, Levro charges this markup on the interbank rate, which is the rate banks use when they transfer money back and forth. As a general rule of thumb, the close your rate is to the interbank rate, the better. Levro’s rate for everyday transactions is up there with the best I’ve seen, even after the 0.25% markup. 

I also appreciate the transparency you get in the platform. When scheduling a payment, you’ll see exactly what the rate looks like and how it was calculated.

Currency-Cost Averaging

One of Levro’s more interesting features is something called “currency-cost averaging.” This can help to minimize the impact of FX fluctuations when you schedule payments for a future date. 

How does this work? Basically, Levro will space your conversions apart and average out the FX rate between the date you schedule the payment and the date you send it.

As of today, it’s still a pretty basic feature without much customization available within the dashboard. But it shows that Levro is thinking about ways it can help global startups save money.

Flexible and Secure Debit Card Features

In terms of payment cards, Levro supports everything an international business might need. Let’s take a look at the specifics.

Unlimited Physical and Virtual Cards

 Whether you want to order a physical card for your core team or every employee in your organization, you shouldn’t have any issues. 

You’ll need to provide a 6-digit confirmation code sent to your phone number when adding new card numbers, but otherwise it’s easy enough to do from the “Cards” section of the platform. 

Virtual card numbers are available pretty much instantly and can be used online and in person via Apple Wallet and Google Pay.

Customizable Card Controls

The “Cards” section of the Levro dashboard is really clean and easy to navigate, which can be helpful when you have a ton of card numbers that you use for specific purposes. You can even give each card a nickname to keep track of them all.
You can also customize other card-specific features, such as pin numbers and monthly spending limits, directly from the dashboard.

No Annual Fees or Foreign Transaction Fees

Levro doesn’t charge any annual fees for its physical or virtual cards. 

You also won’t have to pay any transaction fees on foreign transactions. We’d expect this from a company that’s focused on global startups, but it’s nice to see regardless.

Account Security and Access Controls

Suffice it to say that security is an important factor when considering a bank account—much less a bank account that holds multiple currencies. It’s pretty evident that Levro has made customer safety a priority, with features that include:
  • Regular penetration testing to identify and fix vulnerabilities 
  • Encryption of all data, whether in transit or at rest 
  • Multi-factor authentication for account logins 
  • Customizable access permissions, with admin approval required for certain transactions 
  • Email alerts and notifications to help you stay on top of payments and approvals

Compliance and Accounting Integrations

Levro comes with built-in integrations that allow you to easily export reports for all of your currencies into Quickbooks or Xero, two of the biggest bookkeeping software tools around.
Levro also uses Plaid, which helps it move money quickly between accounts quickly and without the need for additional verification.

How to Open a US Business Bank Account with Levro

Now that I’ve run through some of the major highlights, I’ll walk through what it’s like to actually open a bank account with Levro.


Since Levro is still pretty fresh to the scene, you’ll need a special invite code in order to apply. You should be able to get more information about this—and possibly secure a code of your own—by submitting some basic information via Levro’s contact form.

Once you have an invite code in hand, the application process is pretty straightforward. One thing to note is that Levro does require you to have a US business registered. If you don’t know how to do this, check out my guide on how to open a US LLC as a non-resident.

Other documents you may need to have on hand (for yourself as well as for any beneficial owners of your business) include:

  • ID verification. Accepted documents include a driver’s license or passport. 
  • EIN verification. This should be via a letter issued by the IRS. 
  • Address verification. This can be via a bill with your address clearly listed on it.