MoneyLion

Bank, Borrow, Invest, Grow
Your destination to own your money life every day, combining motivation, expert knowledge, and innovative products into 1 personalized app experience.

Overview

MoneyLion is rewiring the American financial system to change the path of every hard-working American. They strive to make the 99% feel 100% about their future and they provide personalized tools to help consumers bank, borrow, invest, and grow. With zero hidden fees, few barriers to entry, and a financial toolkit, MoneyLion enables people to choose great options at their convenience.

What is MoneyLion and What Does the Company Offer?

MoneyLion is an award-winning personalized financial app experience that provides everything you need to live your best money life. MoneyLion is not a bank but strongly believes that if they’re not making people’s lives better, they’re just making tech. So they combined the latest innovations, data-driven insights, and motivational financial content into one powerful platform.

MoneyLion’s products help you take charge and own your finances. Their InstacashSM solution gives you access to funds when the unexpected happens. RoarMoney SM gives you the ability to round up your purchases to crypto, and GamePlan helps you reach your life goals.

How Does MoneyLion Work?

MoneyLion provides a one-stop shop for your financial needs. Depending on what products or features you sign up for, your dashboard will show vital details such as your portfolio, cash advances, loans, credit-building progress, and banking account. Having this information accessible on a single dashboard has simplified finances for millions of users.

Where Is MoneyLion Available?

MoneyLion is an all-in-one online experience, so their products and services are available to anyone in the US who has access to a computer or smart device. They’re based in New York City and have offices in Salt Lake City and Kuala Lumpur, Malaysia.

Types of Products

MoneyLion offers a suite of financial products and services:

RoarMoney Mobile Banking

RoarMoney provides users with everything they would want from banking for just $1/month. You can get your paycheck up to two days early1 and unlock up to $1,000 in 0% APR cash advances with Safety Net when you add a qualifying recurring direct deposit to your RoarMoney account (2) . The Safety Net feature also lets you visualize your funds in a single place instead of logging into multiple accounts.

Once you open a RoarMoney account and add funds, you can get rewarded when you make purchases with a MoneyLion Debit Mastercard® or RoarMoney virtual card. Just go about your daily shopping and earn up to $500 on purchases over $10, every day by shaking your phone with Shake ‘N’ Bank. Plus, you can request a refund of up to $250 if the price drops on your purchase within 90 days with Mastercard Price Protection. (3)

MoneyLion Investment Account

The MoneyLion Investment Account comes with an optional auto investing feature to help you get consistently closer to your financial goals. You can also select the following personalized portfolios based on your risk tolerance and personal finance objectives:

  • Steady Income
  • Conservative
  • Moderately Conservative
  • Moderate
  • Moderately Aggressive
  • Aggressive
  • Equity Only

Interested in investing in your passions? Take control over your portfolio by adding thematic sets of exchange-traded funds (ETFs) aligned to specific topics like technology innovation and social responsibility.

Credit Builder Plus

The Credit Builder Plus membership helps users build credit and save with access to a credit builder loan up to $1,000 without requiring a hard credit check (4) . You get a portion of your loan funds right away with the rest stored for you in a Credit Reserve Account. The best part: The credit builder loan is proven to work! More than half of members raise their score by 42+ points within 60 days. (5)

A Credit Builder Plus membership costs $19.99/month, and you can earn back the monthly membership fee through the Lion’s Share rewards program. You can also monitor your credit on a weekly refresh basis, save on everyday items with personalized discounts through PerkSpot, and more.

Instacash Cash Advances

Need extra cash? Get cash advances up to $250 any time with MoneyLion Instacash when you link your qualifying primary bank account. No interest, monthly fee, or credit check. You can unlock up to $300 in Instacash if you join Credit Builder Plus, and you can get up to $1,000 in Instacash if you open a RoarMoney account and add a qualifying recurring direct deposit to that account. (2)

MoneyLion Crypto powered by Zero Hash

Looking to get into crypto? RoarMoney account holders can buy and sell cryptocurrencies through the MoneyLion app. The app currently supports Bitcoin, Ethereum, Bitcoin Cash, and Litecoin with plans to expand into future cryptocurrencies.

MoneyLion Round Ups

Buy Bitcoin or build your MoneyLion Investment Account while you spend with Round Ups. You can use any eligible linked credit or debit card. Here’s how it works: Let’s say you use your credit or debit card to pick up a morning coffee that costs $2.50. If you have Round Ups activated, the transaction gets rounded up to $3 and the extra $0.50 goes towards a MoneyLion Crypto purchase or into your MoneyLion Investment Account. With Round Ups, this happens automatically every time you make a qualifying purchase.

You can choose where you want the Round Ups to go, and you can turn it off at any time in the app. So you’re in control every cent of the way.

Why MoneyLion?

There are many reasons why you would choose the MoneyLion financial app, but let’s go over some of its key features and what you can get out of them:

RoarMoney

  • No hidden or minimum balance fees: Mobile banking that gives you more with complete transparency.
  • Get paid up to 2 days early (1) : By connecting direct deposit, you can make Wednesday the new Friday. (Powered by MetaBank®, N.A., Member FDIC)
  • Find a lower price? Nice: With Mastercard® Price Protection (3) , if you find a lower price within 90 days of an eligible purchase, you can get a refund for the difference up to $250 per claim, four times per year.

Safety Net

  • Access up to $1,000 in Instacash (2) and see all your funds in one place: Banking now comes with a Safety Net when you set up and receive a qualifying recurring direct deposit into your RoarMoney Account.

Shake ‘N’ Bank

  • Earn up to $500 on eligible purchases every day just by shaking your phone: Get cash rewards on each purchase of $10 or more with Shake ‘N’ Bank.

Instacash

  • Get cash when you need it: Get up to $250 in cash advances. No credit check. No interest. No hidden fees.

Credit Builder Plus

  • Build your credit: More than half of Credit Builder Plus members raise their score by 42+ within 60 days with a credit builder loan. (5)

Investing

  • Invest on autopilot: Reach your goals with fully managed portfolios and optional auto investing with a MoneyLion Investment Account.

MoneyLion Crypto

  • Get a convenient way to access crypto: Buy and sell cryptocurrencies in the MoneyLion app when you have an open and active RoarMoney account.

Round Ups

  • Round Up to crypto or investments: Now you can convert your spare change into Bitcoin or ETFs with every eligible purchase.

GamePlan

  • Become your best financial self: GamePlan is your one-stop personalized action plan to help you achieve your goals with our products and outside resources — all in one place.

Financial Heartbeat®

  • Stay motivated on your financial journey: Monitor your financial health with America’s first financial fitness tracker.

MoneyLion Reviews

MoneyLion helps millions of hard-working Americans navigate their finances, so it’s no wonder they have stellar reviews. You can see for yourself on Trustpilot, App Store, or Google Play.

How to Get Started with MoneyLion

You can create an account on MoneyLion’s website or app. Just click the “Join Now” button and fill out the form. It will require you to enter information in order to verify your identity. Once you verify, you’ll be able to see your MoneyLion dashboard.

FAQs about MoneyLion (5)

  • Is MoneyLion a real bank?

    MoneyLion is a financial technology company, not a bank. They offer an all-in-one, personalized financial experience.

  • Does MoneyLion charge fees?

    MoneyLion has minimal fees based on which services you choose. For the most part, their products and services are available a la carte, which means it’s like a menu. You choose what works for you, when it works for you, and sign up or apply in the MoneyLion app when you’re ready. If you sign up for a Credit Builder Plus membership, you can earn back your monthly membership with the Lion’s Share Loyalty Program. Learn more about MoneyLion’s fees on their website by visiting their pricing page.

  • Does MoneyLion offer a credit monitoring service?

    Every MoneyLion member can monitor their credit on a monthly refresh basis, and every Credit Builder Plus member can monitor their credit on a weekly refresh basis.

  • Does MoneyLion direct deposit early?

    You can get paid up to two days early when you open a RoarMoney account and set up a qualifying recurring direct deposit into that account. (1)

  • How do you withdraw money from MoneyLion?

    MoneyLion provides several options for withdrawing money. With the RoarMoney account, you can use your MoneyLion Debit Mastercard at any Allpoint ATM for no fee (6) . Allpoint ATMs are virtually anywhere your travels may take you, throughout the United States and around the globe. There are more than 55,000, and one out of every twelve ATMs in the U.S. participates. With the MoneyLion Investment Account, processing a withdrawal of your full account balance is easy. After all, it’s your money. All you have to do is submit a withdrawal request. After that, MoneyLion liquidates your active positions (some or all, depending on your withdrawal amount) and transfers proceeds into the account you’ve designated. You can learn more on the FAQ page on their website.

MoneyLion

Reviews 99

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MoneyLion Products and Services

Crypto
Banking
Credit
Loans
Crypto

MoneyLion Crypto

Learn how the MoneyLion app allows you to invest in crypto while also accessing other financial products and tools to help you meet your goals.

Learn more
Banking

MoneyLion Financial Mobile App

An app for all your financial needs. Open a bank account with a debit card to manage your banking online. Automatically invest funds in companies that appeal to you, improve your credit with a credit builder loan, or get paid two days early.

Learn more
Credit

MoneyLion Credit Builder Plus

See how MoneyLion can help you build credit and save with access to a credit builder loan.

Learn more
Loans

MoneyLion Instacash Advance

Do you need a cash advance, but you don’t want high-interest rates? Learn how a 0% APR MoneyLion Instacash advance can help.

Learn more

Why Us

No Fees Mobile Banking

Access mobile banking, a checking account with an attached debit card with no fees, and in-network ATMs without a charge.

Invest on Autopilot

Reach your investment goals with fully managed portfolios and get a convenient way to access crypto.

Round Up Your Spare Change

Convert your spare change into Bitcoin or ETFs with every eligible purchase.

Video

MoneyLion

SPOTLIGHT

Get a 0% APR Cash Advance

MoneyLion
Get an interest-free cash advance with MoneyLion. In the beginning, eligible members can unlock $25 or more. If MoneyLion detects qualifying recurring direct deposits in your linked external account, eligible members can unlock up to $250. Become a Credit Builder Plus member to unlock up to $300, and link qualifying recurring direct deposits to RoarMoney to unlock up to $1,000.

Download the MoneyLion Mobile App: Gain Control of Your Finances

The MoneyLion app is available on iOS and Android devices. You can view all of your finances on a single platform and get tools to live your best money life.

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Disclosures

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.

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.

GamePlan is a financial planning tool offered by ML Plus LLC, with limited investment advice offered by ML Wealth LLC. ML Wealth does not provide investment advice with respect to the full scope of services offered through GamePlan. ML Plus and ML Wealth may receive compensation from clients who choose to purchase products or services for which ML Plus or ML Wealth charges a fee or products and services from third parties for referring clients to third party products or services, which may impact how and where products appear in GamePlan. For important information and disclosures related to GamePlan, please see ML Wealth’s FORM ADV and the GamePlan Terms and Conditions.

Investment advisory services provided by ML Wealth LLC. Investment Accounts Are Not FDIC Insured • No Bank Guarantee • Investments May Lose Value. For important information and disclosures relating to the MoneyLion Investment Account, see Investment FAQs, Form ADV Brochure, and moneylion.com/investing. Accounts are subject to a monthly account fee of $1, $3 (accounts valued over $5,000), or $5 (accounts valued over $25,000).

This optional offer is not a MetaBank® product or service. Credit Builder Plus membership ($19.99/mo) unlocks eligibility for Credit Builder Plus loans and other exclusive services. A soft credit pull will be conducted which has no impact to your credit score. Credit Builder Plus loans have an annual percentage rate (APR) ranging from 5.99% APR to 29.99% APR, are made by either exempt or state-licensed subsidiaries of MoneyLion Inc., and require a loan payment in addition to the membership payment. The Credit Builder Plus loan may, at lender’s discretion, require a portion of the loan proceeds to be deposited into a reserve account maintained by ML Wealth LLC and held by DriveWealth LLC, member SIPC and FINRA. The funds in this account will be placed into money market and/or cash sweep vehicles, and may generate interest at prevailing market rates. You will not be able to access the portion of your loan proceeds held in the credit reserve account until you have paid off your loan, and until your Credit Builder Plus membership payments are current. If you default on your loan, your credit reserve account may be liquidated by the lender to partially or fully satisfy your outstanding indebtedness. May not be available in all states.

Credit Reserve Accounts Are Not FDIC Insured • No Bank Guarantee • Investments May Lose Value. For important information and disclaimers relating to the MoneyLion Credit Reserve Account, see Investment Account FAQs and FORM ADV.

Credit score improvement is not guaranteed. A soft credit pull will be conducted which has no impact to your credit score. Credit scores are independently determined by credit bureaus, and on-time payment history is only one of many factors that such bureaus consider. Your credit score may be negatively impacted by other financial decisions you make, or by activities or services you engage in with other financial services organizations. MoneyLion is not a Credit Services Organization.

Lion’s Share℠ Loyalty Program and monthly payment are subject to terms and conditions, see here.

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

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.

MoneyLion Crypto account holders need an open and active RoarMoneySM account in order to buy and sell cryptocurrencies through the Moneylion app.

The cryptocurrency assets in your Zero Hash account are not held at MoneyLion or MetaBank. MetaBank and MoneyLion are not responsible for the cryptocurrency assets held in any Zero Hash account. Neither MoneyLion, nor MetaBank, is involved in the purchase, sale, exchange of fiat funds for cryptocurrency, or custody of the cryptocurrencies. Services may not be available in all states.

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.

The Financial Heartbeat® financial tracker is intended to provide financial insight based on accounts you have linked to your MoneyLion account and other information you provide to MoneyLion. MoneyLion does not track your non-linked bank accounts, credit cards, spending or other financial activity, so your Financial Heartbeat score and insights may not reflect your complete financial picture. The Financial Heartbeat analysis is for educational purposes only and does not represent tax, investment or other financial advice. You should consider consulting with a financial or tax advisor with complete knowledge of your financial situation before implementing any financial planning strategy.

 

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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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Should you find a lower price for an eligible new item within 90 days from the date of purchase using your MoneyLion Debit Mastercard, you may be reimbursed for the price difference. For more information about the coverage, you may be eligible to receive, call 1-800-MASTERCARD (627-8372). To file a claim online, go to mycardbenefits.com. Benefits are subject to terms, conditions and limitations, including limitations on the amount of coverage. Coverage is provided by AIG WarrantyGuard, Inc., an AIG company. The policy provides secondary coverage only. Please reference the Guide to Benefits.

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When you apply for CreditBuilder Plus, we will perform a soft credit pull to review certain financial information. This soft inquiry has no impact to your credit score and may or may not be recorded in your credit reports depending on the bureau. This is unlike a hard credit pull which affects your credit score and can appear on your credit report for two (2) years.

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Credit score improvement is not guaranteed. A soft credit pull will be conducted that has no impact to your credit score. Credit scores are independently determined by credit bureaus. Data was sourced from credit score data from over 74,000 Credit Builder Plus members with an active loan between August 7, 2019, and February 18, 2021. Credit score improvement is not guaranteed. Credit scores are independently determined by credit bureaus. MoneyLion is not a Credit Services Organization. Credit Builder Plus is an optional service offered by MoneyLion.

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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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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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Should you find a lower price for an eligible new item within 90 days from the date of purchase using your MoneyLion Debit Mastercard, you may be reimbursed for the price difference. For more information about the coverage, you may be eligible to receive, call 1-800-MASTERCARD (627-8372). To file a claim online, go to mycardbenefits.com. Benefits are subject to terms, conditions and limitations, including limitations on the amount of coverage. Coverage is provided by AIG WarrantyGuard, Inc., an AIG company. The policy provides secondary coverage only. Please reference the Guide to Benefits.

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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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Credit score improvement is not guaranteed. A soft credit pull will be conducted that has no impact to your credit score. Credit scores are independently determined by credit bureaus. Data was sourced from credit score data from over 74,000 Credit Builder Plus members with an active loan between August 7, 2019, and February 18, 2021. Credit score improvement is not guaranteed. Credit scores are independently determined by credit bureaus. MoneyLion is not a Credit Services Organization. Credit Builder Plus is an optional service offered by MoneyLion.

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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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The MoneyLion Debit Mastercard can be used for no-fee withdrawals at ATMs in the Allpoint network. Fees may apply for ATM transactions outside this network.

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