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.
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