Benefits of setting up direct deposit
Setting up direct deposit into your MoneyLion Checking account is easy, and there are many benefits:
- You can unlock up to $250 in 0% APR Instacash advances
- You'll be funding your account automatically
How to set up direct deposit
You can choose to have all of your paycheck, a percentage of your paycheck, or a flat dollar amount from your paycheck go directly into your MoneyLion Checking account. You'll need to deposit at least $250 to unlock Instacash, and the higher your direct deposit amount, the more Instacash you will unlock.
Step by step:
- Open the MoneyLion app and go to the Finances tab.
- Tap the Instacash button at the top.
- Click on the banner to "Add direct deposit in seconds!"
- Click on the "Update Direct Deposit" button.
- Select your employer, or enter your employer name, and follow the steps as directed.
- From the Finances tab, tap the Instacash button. When the Instacash screen opens, tap "Get More" and follow the steps.
- From the Finances tab, tap on the "More" button to open the "More Options" screen. Scroll down and tap "MoneyLion Checking." Then tap "Manage direct deposit" and follow the steps.