How To Get An Instant Virtual Debit Card

Written by Banks Editorial Team
2 min. read
Written by Banks Editorial Team
2 min. read

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When you open a checking or DDA account, you may not receive a physical debit card right away. It may show up at your door in 7-10 business days. Some consumers want their debit cards sooner to make purchases. An instant virtual debit card can help. We’ll discuss how to get an instant virtual debit card and some of the advantages.

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What Is an Instant Virtual Debit Card?

An instant virtual debit card is a virtual card that can be stored in a virtual wallet on your smartphone, tablet, or another device. You can’t physically store this card. Instant virtual debit cards skip the delivery process, letting you use them immediately upon approval after you add funds. Other than the virtual nature of these cards, they are similar to physical debit cards. 

Physical Debit Card vs. Virtual Debit Card

Some cardholders gravitate to virtual debit cards because they can instantly use them after you add funds. Virtual debit cards provide perks that extend beyond quicker delivery. We’ll discuss how physical debit cards and virtual debit cards compare with each other.

Safety

Your physical debit card can fall out of your wallet. You may forget it at a restaurant or stadium. A virtual debit card doesn’t present these risks to cardholders since you can’t lose it. Virtual debit cards aren’t immune to hackers, but their safety precautions may let you limit the damage.

Ease Of Use

Both debit cards are easy to use. You can pull a physical debit card from your wallet, put it in the scanner, and make your purchase. Virtual debit cards reduce the need for a physical wallet. You can open up the app containing your virtual debit card to make a purchase. However, the merchant and the card will need contactless technology to support in-store purchases using a virtual debit card.

Benefits Of Getting an Instant Virtual Debit Card

Instant virtual debit cards have numerous benefits over their physical counterparts. We have outlined some of the top benefits below.

Get It Instantly

You can receive a card in minutes. A physical debit card takes longer.

MoneyLion Financial App
Change the way you Bank, Save, Invest, & Grow. Access Cash Advances, Early Paychecks, Credit Builder Loans, Online Banking, Automated Investing & More. Effortlessly Manage Your Finances - All In One Place.

Access Your Money Instantly to Make Purchases

You don’t have to wait for a physical card to arrive in the mail. Instead, cardholders can start using their virtual debit card upon approval after they add funds.

Add to Digital Wallets

Digital wallets carry information that would normally go in your wallet, such as your driver’s license. Digital wallets eliminate the need for physical wallets. When you use digital wallets, you only have to bring your device.

If you have a watch that supports a digital wallet, you can have your virtual debit card with you on runs, walks, and bikes. You might get hungry or need some water during the exercise. You won’t have to bring your wallet or spare change with you.

Where Can You Get an Instant Virtual Debit Card?

Many mobile financial apps offer instant virtual debit cards with an account that you fund. MoneyLion offers a large variety of financial products and services in one app! Not only does the company set you up with an instant virtual debit card through their RoarMoneySM demand deposit account, but you can also enjoy other sweet perks:

  • Get paid up to two days early (1)
  • Cover unexpected expenses with access to up to $1,000 in 0% APR InstacashSM cash advances when you add a qualifying recurring direct deposit to RoarMoney (2)
  • Earn up to $500 every day just by shaking your phone with Shake ‘N’ Bank (3)
  • Make quick, secure payments when you add your card to your mobile wallet
  • Grow your nest egg or buy Bitcoin (5) while you spend with Round Ups (4)

And those are just some of the benefits of RoarMoney. MoneyLion (*) has a bunch of products and services to help you bank, borrow, invest, and grow all in one app. Ready to get an instant virtual card and get started on a path to your financial goals? 

Download the MoneyLion app today to get started. 

MoneyLion Financial App
Change the way you Bank, Save, Invest, & Grow. Access Cash Advances, Early Paychecks, Credit Builder Loans, Online Banking, Automated Investing & More. Effortlessly Manage Your Finances - All In One Place.

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With direct deposit. Faster and easier access to funds is based on a comparison of traditional banking policies and deposits of paper checks versus deposits made electronically and the additional methods available to access funds via a card as opposed to a paper check.

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Increased Instacash limit with Safety Net requires recurring direct deposit into RoarMoney account. Instacash is an optional service offered by MoneyLion. Your available Instacash Advance limit will be displayed to you in the MoneyLion mobile app and may change from time to time. Your limit will be based on your direct deposits, account transaction history, and other factors as determined by MoneyLion. See Membership Agreement and help.moneylion.com for additional terms, conditions and eligibility requirements.

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Shake 'N' Bank and other Rewards are subject to terms and conditions, see here. Rewards are an optional service offered by MoneyLion.

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Cryptocurrency transaction and custody services are powered by Zero Hash LLC and Zero Hash Liquidity Services LLC. When you enable MoneyLion Crypto, you must also agree to the Zero Hash LLC and Zero Hash Liquidity Services LLC terms and conditions and enable your Zero Hash account. Cryptocurrency balances are not covered by FDIC or SIPC insurance. Services may not be available in all states.

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Round Ups is subject to terms and conditions. This optional service is offered by MoneyLion. You may be required to have certain MoneyLion accounts to use this feature.

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MoneyLion is a financial technology company, not a bank. RoarMoney℠ demand deposit account provided by, and MoneyLion Debit Mastercard® issued by, MetaBank®, National Association, Member FDIC. RoarMoney is a service mark of MoneyLion.  Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. Funds are FDIC insured, subject to applicable limitations and restrictions when we receive the funds deposited to your account.

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