MoneyLion Instacash Advance

Cash Advance at 0% APR
Get up to $250 at 0% APR with no credit check with MoneyLion Instacash Advance.
26723 Reviews
Up to $1,000
Maximum Cash Advance
0% APR
Interest Rate
Typically $25
Minimum Cash Advance Limit

Details

Best For
Covering emergency expenses.
Types of Advance
Short-term advance.
Requirements to Qualify
Link an, active, checking account with a positive balance history that shows recurring direct deposits. The checking account must be open for at least 2 months
No Credit Check
MoneyLion doesn’t do any credit pulls or checks before giving you access to Instacash funds.
Cost
Instacash has no fees to access, unless you choose the optional Turbo delivery to receive funds sooner.
Delivery Time
24-48 hours to a RoarMoney account or 2-5 business days to an external checking account.

Video

Do you need some funds for an emergency expense, but your paycheck won’t arrive in time? Some people go to the grocery store or movie night short on cash. With Instacash, if you need a few extra dollars, you can get a cash advance when you have a qualified banking account linked to your MoneyLion account. Instacash also comes at a 0% APR. Our Instacash review will highlight the resource’s benefits and some factors to consider.

MoneyLion Logo
MoneyLion Instacash Advance

Cash Advance at 0% APR

What Is Instacash?

Whether you need to pay a bill, avoid a late fee, fill the tank, or treat yourself to a night out, Instacash helps you handle all of life’s fun and not-so-fun surprises. MoneyLion users can get a 0% APR advance of up to $250 through Instacash, although the first advances may be less than that. Instacash helps users cover emergency expenses while waiting for the next paycheck.

How Does Instacash Advance Work?

You link Instacash to a qualified banking account. Having consistent, recurring direct deposits helps you unlock Instacash. You will be able to see your advance limit on the Instacash screen in the MoneyLion mobile app. Once approved, you can request the amount you are approved for. Funds will show up within 24-48 hours if you have linked your RoarMoney account. (A RoarMoney account has an account fee of $1 a month.) It will take 3-5 days to receive Instacash funds in an external banking account. MoneyLion users can pay an optional Turbo delivery fee to speed up delivery. A turbo fee provides funds within minutes for a RoarMoney account and arrives within 4 hours to an external checking account. 

If you set up qualifying recurring direct deposits into a RoarMoney account, you can unlock cash advances up to 30% of your recurring direct deposit amount per pay period or benefit check. So if your direct deposit is $600, you’re eligible for up to $180 in Instacash. The amount you borrowed is automatically deducted from your account on the due date as determined by your pay cycle — with no interest. 

Instacash lets you spend money while waiting for your next paycheck. Depending on your bank account and if you pay the Turbo fee, you’ll receive funds almost instantly or within up to five business days if regular delivery route is chosen.* You can plan ahead to avoid the Turbo fee. If you know you’re going to the movies on Saturday, you can make your request on the previous Monday. A RoarMoney Account gives more leeway, with funds arriving within 48 hours.

To receive your cash advance, tap Instacash on the app’s interface. In the beginning, you’ll unlock $25 or more. If you implement recurring deposits in your linked external account, you’ll unlock at least $50 and up to $250. 

How To Qualify For Instacash

MoneyLion has a few simple requirements for your banking account. It must: 

  • Show it is active and receiving deposits consistently
  • Be at least two months old
  • Have a positive balance

 A savings or money market account will not qualify for Instacash.

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MoneyLion Instacash Advance

Cash Advance at 0% APR

MoneyLion Instacash Account FAQs

Want to know more about Instacash and how it can help you? These questions come up often.

How Much Can You Get With Instacash?

If MoneyLion can detect qualifying recurring direct deposits in your external linked account and can predict when your income is deposited, you’ll have access to Instacash, typically up to $250. Higher deposit amounts will usually unlock higher Instacash limits. If we can’t detect any recurring income, you’ll have access to a lower amount, with a minimum of $25.  When you become a member of  Credit Builder Plus you will gain access to Instacash advances of at least $50 (and up to $300) per direct deposit period. 

With direct deposits into a RoarMoney account:

  • Your Instacash limit will be up to 30% of your recurring direct deposit amount per regular deposit cycle, up to a maximum of $1,000 with Safety Net.
  • If it cannot be determined that the direct deposit in your RoarMoney account is regularly recurring (i.e., with a standard pay frequency of either weekly, bi-weekly, semi-monthly or monthly), you’ll have access to a lower amount but not less than $50.

An Instacash Boost can also temporarily increase the amount of your Instacash limit up to the maximum. Boosts are awarded to users who complete certain actions within the MoneyLion app as well as during promotional periods. For example, you can earn an Instacash Boost if you make your Instacash repayments by your scheduled repayment date or if you make the payments on your Credit Builder loan on time or fully pay them off. Find out if you’re eligible for a Boost and more details in the MoneyLion app.

Are There Fees Involved With Instacash?

Instacash has no monthly fees, but it has two optional ones. MoneyLion users can pay an optional Turbo fee to obtain funds immediately or within hours. The optional Turbo fee amount depends on how much money you want to borrow. Check out MoneyLion’s FAQ page for a breakdown of fees.

MoneyLion also invites users to give an optional tip** to help MoneyLion cover the high costs of keeping Instacash interest-free ahttps://help.moneylion.com/how-much-does-instacashsm-cost-r1cYpGCfFnd readily available to as many members as possible. As MoneyLion says, “We’re all in this together!” However, you can opt against giving a tip and continue to use Instacash.

How To Get Started with MoneyLion

You can download MoneyLion from your device’s app store and create an account. In addition to Instacash, MoneyLion offers a suite of financial products and services including:

  • Credit Builder Plus, which gives you access to apply for a Credit Builder loan along with other perks
  • Monitoring your credit score and other key factors like credit utilization
  • Personalized credit-building tips and insights sent right to your inbox
  • A RoarMoney account that for a $1/month administrative fee lets you get paid up to two days early1
  • A crypto account to buy, hold and sell crypto 24/7
  • Fully managed investing so you can build a personalized investment portfolio
  • And much more!

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*Regular delivery: Receive your Instacash funds in 2-5 business days at no additional cost.

**Tips help MoneyLion provide interest-free, short-term credit to our members. Tips are completely voluntary, and are not finance charges. Credit offers to members do not depend, in any way, on the frequency, quantity, or size of tips customers provide. Tips are non-refundable, agreed upon at the time of the advance, and must be paid on the cash advance’s repayment due date.

1With direct deposit. Faster and easier access to funds is based on comparison of traditional banking policies and deposit of paper checks versus deposits made electronically and the additional methods available to access funds via a card as opposed to a paper check.

MoneyLion is a financial technology company, not a bank. RoarMoneySM is powered by MetaBank®, N.A., 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.

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.

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. 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.

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).

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.

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.

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

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