What Is Step.com?

Step.com is a U.S. financial app for teens and young adults.

It is designed to help users spend, save, send money, use direct deposit, and build credit history through the Step app, a Step account, and a Step Visa Card.

Step says it is not a bank, but its banking services are provided through its partner, Evolve Bank & Trust.

What Is Step.com, in Simple Terms?

Step.com is the website for Step, a money app built for younger people who are just starting to manage their finances. On its official site, Step says users can save, spend, send money, invest, and start building credit history, including before age 18 in some cases.

In short, Step is trying to be an all-in-one money app for people who want something simpler than a traditional bank.

A Simple Option for Canadians

With KOHO Essential:

• It has a low monthly plan fee that can be waived when you set up direct deposit or add +$1,000.

• Use a prepaid Mastercard® for groceries, bills, subscriptions, and travel.

• Grow your savings with a 2% interest savings rate on your entire balance.

• Earn 1% cash back on groceries, eating & drinking, and transportation.

• You can subscribe to Credit Building for $10/month, it's an affordable way to build your credit history.

• Enjoy unlimited transactions and free e-transfers (never worry about fees when sending money to someone again).

Is Step a Bank?

No, Step is not a bank, their financial products and services are provided through its partner Evolve Bank & Trust, Member FDIC. It also says eligible balances are insured up to $250,000 through that banking partner.

That matters because many people assume Step is a bank account in the traditional sense. It works like a mobile banking app, but the regulated banking piece is handled through its partner institution.

What Can You Do With Step?

According to Step’s website and app listings, users can:

• use a Step Visa Card

• set up direct deposit

• send money

• add cash

• build credit

• access features like cash back and EarlyPay depending on eligibility

Step also says there are no monthly fees, no overdraft fees, no minimum balance fees, and no account management fees.

How Does Step Help Build Credit?

Step says its card can help users build positive credit history through card activity tied to the Step Visa Card and Smart Pay. Once a user turns 18 and verifies their account as an adult, Step says it can begin reporting positive payment history to the major U.S. credit bureaus.

Its product disclosures also say users may be able to build credit history for up to two years before turning 18.

That is one of the main reasons people search for Step. Many users are not looking for a normal chequing account.

They are looking for a beginner friendly way to start building credit.

Can Teens Use Step?

Yes, but there is an important rule. Step says anyone under 18 can create an account, but they need an adult sponsor over 18.

The sponsor gets their own Step account and has some visibility into the teen’s account until the teen turns 18.

Is Step Available in Canada?

No.

Step’s FAQ says it is a U.S. banking service currently available to U.S. residents, and you need to be in the U.S. to create an account.

Why Is Step in the News Right Now?

Step is getting more attention because Beast Industries, MrBeast’s company, acquired Step on February 9, 2026.

In the announcement, Beast Industries said the goal is to make financial literacy and money management more accessible to more people. Step also said it has attracted over 7 million users.

So if you have been seeing more people search for Step lately, that is probably why.