What is Direct Deposit? - Checking Accounts FAQ | Happen Bank
What’s an MCC?
Last Updated June 17, 2025
An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors like MasterCard and Visa to classify a business based on the type of goods or services it provides. Happen Bank uses MCCs to determine how to categorize transactions for reward purposes. A specific merchant or some of the items sold by the merchant may appear to fall within an Eligible Category; however, the merchant's overall MCC may not fall within the Eligible Category, causing the transactions to not be eligible. Qualified purchase determinations are based on the MCC that Happen Bank receives in connection with a particular transaction.
Additional Introducing LevelUp Checking FAQ
- Which loans are considered personal loans for Loan Payment Cash Back?
- How do Loan Payment Rewards work?
- What MCC codes are eligible for Debit Card Rewards?
- When will I see my Debit Card rewards?
- Where do I track my Debit Card rewards?
- How do I earn 2% Loan Payment Cash Back with a LevelUp Checking account?
- I'm not a Happen Bank member. How can I open an account?
- How do Debit Card Cash Back rewards work?
- How do I earn 2% Loan Payment Cash Back with my LevelUp Checking account?
- How do I earn 1% Debit Card Cash Back with a LevelUp Checking account?
- Do I earn more cash back if I pay more than the amount due?
- Do I earn any cash back if I pay part of my monthly payment amount?
- Is there a limit to how much you can earn through our Debit Card Cash Back program each year?
- Do LevelUp Checking Rewards get deposited directly into my LevelUp Checking account?
Calculate your LevelUp Savings
Starting balance
$25,000
Contribution Amount
How long do you plan on saving?
Years
Months
Annual Percentage Yield
Contribution frequency
Weekly
Bi weekly
Monthly
You could have
$47,100
in your deposit account in
5 years, based on your inputs.
Savings breakdown updated. Bar chart showing Initial deposit 25000 and Total contribution 15000 and Dividends earned 7100
Savings breakdown
$60K$60K$40K$40K$20K$20K$0$0
Initial deposit
Total contribution
Dividends earned
Initial deposit data points: Point 1: 25000. Total contribution data points: Point 1: 15000. Dividends earned data points: Point 1: 7100.