MoneyLion RoarMoney

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Mobile Banking Account
Open a RoarMoney account in the MoneyLion app to access features like debit card rewards or getting paid 2 days early. (1)
Minimums and Fees
$0
Free ATMs
55,000+
Instacash Advances Up To
$1,000
Average Rating Click here to show the sources used to calculate this average rating.
Trustpilot
4.7

Details

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Best for

People looking for a digital bank account with other features

Debit Cards

Contactless MoneyLion Debit Mastercard® with Price Protection (2) and Zero Liability (3)

Fees and Minimums

No hidden fees and zero minimum balance

Get Paid Early

Access your paycheck up to 2 days earlier (1)

Shake ’N’ Bank rewards

Get cash rewards every time you spend $10 or more

Round Ups

Use Round Ups feature to save or invest your spare change

Crypto Investing

Buy, hold and trade Bitcoin, Ethereum, Bitcoin cash and Litecoin

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.

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.

This Company Also Offers

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MoneyLion Round Ups

Learn how the MoneyLion Round Ups feature can help you grow your investment portfolio with every purchase made with your linked cards.

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MoneyLion Crypto

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

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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.

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MoneyLion Credit Builder Plus

Can a MoneyLion loan from the Credit Builder Plus program increase your credit score? We’ll share the details in our MoneyLion review.

Latest News

Rebuilding your credit can take a few months or almost two years. Discover how to build your credit faster.
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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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Qualified purchases of $10 or more in a single transaction made with your MoneyLion Debit Mastercard or MoneyLion Visa® Card are eligible for the MoneyLion Shake ‘N’ Bank Cash Back Promotion. Cash Back Rewards begin at $0.01 and are subject to a cap of $120 per transaction. Must be a MoneyLion member in good standing to participate. Any Cash Back Rewards you earn will be deposited into your MoneyLion Investment Account. Your opportunity to receive Cash Back Rewards may expire if you do not successfully complete the Shake ‘N’ Bank activity within a time period disclosed to you in the MoneyLion app. MoneyLion reserves the right to review transactions for eligibility and to discontinue this incentive at any time without notice. Any fraudulent or other suspicious activity will void any rewards points earned and may also result in account suspension or cancellation. Certain exclusions and limitations apply. See MoneyLion Rewards Program Terms and Conditions for more information.

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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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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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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.

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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 the 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.

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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).

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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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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. ×

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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Under Mastercard’s Zero Liability Policy, your liability for unauthorized transactions on your Card Account is $0.00 if you notify MoneyLion promptly upon becoming aware of the loss or theft, and you exercise reasonable care in safeguarding your Card from loss, theft, or unauthorized use. These provisions limiting your liability do not apply to debit transactions not processed by Mastercard or to unregistered cards. ×

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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