2019 Best Digital Bank! Access 0% APR Instacash advances and Zero-Fee Checking, 5.99% APR credit builder loans (70% of members raise their credit 30+ points in 60 days!), managed investing, cash rewards, daily trivia, and more. Finally, you can have some fun with finance!
MoneyLion is America’s most powerful digital bank, and we believe everyone can dream big, even if they start small. Get the premium, all-in-one financial services you deserve without the fees and BS you’re used to from other banks.
Signup takes minutes, and you’ll get benefits right away. Here’s some of what our 5 million members love about banking with us:
• 0% APR Instacash advances and Zero-Fee Checking
• Credit Builder Plus membership with 5.99% APR credit builder loans
• Managed investing with no minimums or management fees
• Credit score tracking
• Personal loans up to $50,000
• Financial Heartbeat: personalized financial health monitor and advice
• Cashback at top spots and rewards like $25 gift cards to Amazon & Target
“2019 Best Digital Bank” — Finovate Awards
“MoneyLion provides an all-in-one platform for anything finance related.” — TechCrunch
“Here's the idea: bring the same methods that the big sharks use to build wealth, to everyone.” — CNNMoney
“MoneyLion brings better lending to Americans who might be struggling financially.”— Cheddar
“MoneyLion is making it easier to invest.” — Huffington Post
START ENJOYING AN EASIER FINANCIAL LIFE TODAY:
Sign up! Download the MoneyLion app and choose your membership to unlock features like:
MoneyLion Visa Debit Card & Checking Account: Enjoy absolutely zero fees, including no hidden fees, and fast transfers and tracking in the palm of your hand. So easy.
0% APR Instacash with Banking: Get up to $250 in cash advances day or night, whether you want to ward off a late fee or have a fun night out. Afford to be spontaneous!
5.99% APR loans: Get a Credit Builder Plus membership to unlock a 5.99% APR credit builder loan with reporting to all three credit bureaus and exclusive perks like Lion’s Share payouts.
Managed investing: Invest the easy way! No minimums. No management fees. Just add funds to your MoneyLion Investment account, and we’ll put it to work in a personalized portfolio.
Credit tracking: Check your score any time and get stats important to improving your credit like credit age and credit inquiries.
MoneyLion Core, MoneyLion Instacash with Banking, or MoneyLion Credit Builder Plus (paid) membership required to participate in certain programs, services, cash advances, checking account and/or loans. See website or app for terms, conditions and details.
MoneyLion investment account is managed by affiliated, SEC-registered investment adviser ML Wealth, LLC. It is not FDIC insured or bank-guaranteed, and is subject to risk of loss, including loss of principal. For important information and disclaimers relating to the investment account, please go to http://www.moneylion.com/adv.
MoneyLion Checking Account provided by, and MoneyLion Visa® Debit Card issued by, Lincoln Savings Bank, Member FDIC. Identity and account verification required.
Loans are offered through MoneyLion affiliates. See www.moneylion.com/terms-and-conditions and applicable loan agreement and related documents for full terms and conditions.
Now you can easily update your debit card for Instacash! And, lots of bug fixes and improvements as well, update to enjoy!
Ratings and Reviews
Waste of time
I received numerous emails and text on how I was approved for the $500. I entered in banking info and had to manually send in bank statement since it had to be verified. I was then told by representative , an email and text my bank passed the screening process and to continue with the next steps online, after re-verifying my banking info as asked it stated my account/rousting number didn’t match. I called back after waiting on hold for 25 minutes and was told they support team updated it in the system and to retry. I did it again and now received error message my bank isn’t supported! I called back and was told my bank was verified and passed the process on their end but wasn’t sure why I was receiving error online. In the meantime I’m still receiving text and emails telling me I can proceed to get the money....long story short no one can assist with why or how the online system is blocking my banking info saying it’s not supported I was even told to try and use the MoneyLion checking account to have funds deposited by a representative and transferred to that department and after being on hold 30 minutes this time I was told the MoneyLion checking account hadn’t been open long enough! Complete run around for the past 2 weeks and to this day I’m still receiving offers to apply and that my bank passed the screening process. Frustrating to do all of this for no resolution !!!!!
Developer Response ,
We appreciate you taking to time to let us know your feedback. If any questions arise or assistance is needed, feel free to contact us at 1-888-704-6970, Or email us at email@example.com
Super excited thus far...
I downloaded the app and although there are issues like DL not scanning and the #growyourstack option doesn’t pan a flat surface, I was able to get everything else going. I was super skeptical, ESPECIALLY after reading all the reviews about high interests, unexpected “surprises”, and scams but if you, as a consumer, do you part and actually read a document, you will see exactly what are signing up for. I was approved for the loan at the 5.99%; they don’t even check your credit for it and their requirements for approval are clearly stipulated. I opened up the contract to make sure and I was happy to see that I was set up for payments according to my pay period and at a 5.99% APR. Had I seen something different, I wouldn’t have accepted the loan. I would recommend that you open docs and read them before agreeing to anything. I am looking forward to having the issues worked out so I can take 100% advantage of all MoneyLion’s functionality. Financial stability is very important to me. It is clear to me that MoneyLion knows that there is an enormous gap between basic financial knowledge and healthy finances and they are invested in bridging that gap to help those of us that haven’t made the best “financial” decisions. I will come back and update my review as time passes. I’m hoping to bump it to 5 stars and 2 big thumbs up!!
So I’ve been a member for a full 30 days now. I was very skeptical at first, I wanted to cancel after my first payment because I read some negative reviews. But, thinking about the situation a little longer I realized all the negative reviews have one thing in common, and that’s because these people didn’t read the documents or what they were signing up for. So I left it at that! Now if you don’t have the money monthly to pay both the membership fees and the loan. Then I wouldn’t suggest this app, cause you need to spend money to make money, if you have no money then you can’t make any. Anyways, you pay a membership fee of $33 and some change every two weeks. $50 of that goes into your investment account. That is STILL your money! It’s just in a savings account for you basically. ML couldn’t verify my bank account so I was in something called the LOANLocked group. I had to make sure to pay my membership ON TIME, auto-drafted from my bank account. 30 days later with no questions asked I was approved without running my credit for the $500 loan. I don’t have this app just for the loan. I have it to build my credit, and the ongoing investment. I would recommend this app to my close family and friends because I trust it. AGAIN READ what you’re signing up for. ☺️☺️☺️☺️
With Family Sharing set up, up to six family members can use this app.