MoneyLion is a financial and banking app that combines motivation, expert knowledge, innovative products, and powerful offers into a personalized experience — helping you own your money life every day.
Open a Checking Account Online
Online Banking. No Minimum, Monthly, or Overdraft Fees. Mobile Check Deposit. 47,000+ Fee-Free ATMs. Automatic Savings.
Better Online Banking with No Account Fees. No Overdraft Fees. Up to $3M FDIC insurance via SoFi Insured Deposit Program.
Discover Current Spend Account and read about how to open one, what benefits can give and how to manage your account online from the app.
Earn Cash Back Rewards with No Fees. Discover Bank, Member FDIC. Open an Account and Get 1% Cashback on Debit Card Purchases.
Should you open an Upgrade Rewards Checking Plus Account? This review covers the key details and how Upgrade can improve your financials.
What is a RoarMoney Account?
A RoarMoney account is a service offered by MoneyLion as part of its all-in-one mobile banking software. It can be used for its digital banking services or with the other services that MoneyLion offers, including Instacash℠and Credit Builder Plus. Note that MoneyLion is a financial technology company, not a bank. RoarMoney℠is powered by MetaBank®, N.A., Member FDIC. This means your deposits are FDIC insured by their partner bank.
Let’s review what the MoneyLion RoarMoney account can do for you.
Shake ‘N’ Bank Rewards
MoneyLion’s Shake ‘N’ Bank feature lets you shake your phone to earn cash back every time you make an eligible purchase with your RoarMoney account. An eligible purchase is any purchase over $10 made with your MoneyLion Debit Mastercard or your RoarMoney virtual card. The amount of your reward will be a surprise each time and can be anywhere between $0.01 to $500 on each eligible purchase, up to 500% of the value of your purchase. Your reward gets deposited into your MoneyLion Investment Account. (5)
Zero Hidden Fees
With an account fee of only $1 a month, RoarMoney also has no minimum balance or overdraft fees. There are some fees associated with the account, but it is easy to avoid these. For example, you will be charged only for out-of-network ATM withdrawals, but you can use any of the free ATMs that you can easily find in the MoneyLion mobile app.
Get Paid up to 2 Days Early
Just connect qualifying, recurring direct deposits to RoarMoney, and you could receive your paychecks up to two days early. (1)
Price Protection
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. You can make a total of four claims a year of up to $250 each. (2)
Round Ups
You can add the Rounds Up feature to your MoneyLion Crypto or MoneyLion Investment Account a little bit at a time — every dollar counts — and keep track of your Bitcoin and investments in one seamless place. It’s a great way to make investing or saving an automatic habit and build your future with little effort. (4)
Security Controls
You can use your MoneyLion Debit Mastercard to tap to securely pay, where you see the contactless symbol at checkout. MoneyLion also provides robust protection against unauthorized purchases if your card is lost or stolen. Plus, you can lock your card instantly in the app anytime.
Spending Tracker
Master your spending and budgets with smart tools that help you monitor your total financial health in one place. Get weekly reports to help see your spending habits by category.
What Other Features and Products Can You Access in the MoneyLion App?
In addition to RoarMoney, MoneyLion also gives you access to a number of additional features:
- Credit Builder Plus: A powerful credit-building membership designed to help you build or repair credit (9) , create savings, establish financial literacy, and track your financial health. (7)
- MoneyLion Investment Account: A fully managed, diversified core portfolio that allows you to add portfolio themes as you choose. You can adjust how much you invest in your core portfolio model vs. your portfolio themes at any time. It’s managed all for you in a single investment account with no asset-based management or trading fees. (10)
- Instacash Advance: You can get 0% APR cash advances based on recurring direct deposits of paychecks or other qualifying income that you have not yet received, typically between $25 and up to $250, whenever you need them during your regular deposit period. There’s no interest, no monthly fee, and no credit check required to access Instacash. (11)
- MoneyLion Crypto: Buy and sell popular cryptocurrencies with a RoarMoney account (6) . You can also Round Up your spare change into Bitcoin with Crypto Round Ups.
Open a Checking Account Online
Online Banking. No Minimum, Monthly, or Overdraft Fees. Mobile Check Deposit. 47,000+ Fee-Free ATMs. Automatic Savings.
Better Online Banking with No Account Fees. No Overdraft Fees. Up to $3M FDIC insurance via SoFi Insured Deposit Program.
Discover Current Spend Account and read about how to open one, what benefits can give and how to manage your account online from the app.
Earn Cash Back Rewards with No Fees. Discover Bank, Member FDIC. Open an Account and Get 1% Cashback on Debit Card Purchases.
Should you open an Upgrade Rewards Checking Plus Account? This review covers the key details and how Upgrade can improve your financials.
