There are a few guidelines for transfer limits to help protect the security of your account. Please find the guidelines based on transfer type below.
External bank account or debit card transfers into MoneyLion Checking made via the MoneyLion app
From an external bank account or debit card, you may transfer up to $200 per day and $1,000 per month into your MoneyLion Checking account within the first 30 days of your MoneyLion Checking account being opened. After 30 days, you may transfer up to $1,000 per day, with no monthly limit. Transferred funds into your account will be available within 5 business days.
Bank deposits initiated through the MoneyLion app must be complete (i.e., transaction is settled in MoneyLion account) before another deposit can be initiated.
We support transfers with many banks, including the following: Chase, Bank of America, Wells Fargo, Chime, PNC, Navy Federal, Citi, US Bank, USAA, Fidelity, PNC Bank, Capital One 360, TD Bank, SunTrust, & Charles Schwab.
External bank account or debit card transfers into MoneyLion Checking made via an external bank
Many banks will allow you to make transfers from their website or app. If you have an external bank that offers this service, just log into their website or app and add your MoneyLion Checking account using the same routing and account information you would use for direct deposit (here's how to find those numbers). Transferred funds may take up to 3 business days to arrive after making the transfer.
There is no limit imposed by MoneyLion on bank transfers initiated from an external account. Please be aware that external banks may impose their own limits and fees.
Transfers between MoneyLion accounts made via the MoneyLion app
MoneyLion allows you to transfer funds between your MoneyLion Checking account and MoneyLion Investment account. There is no limit on transferring funds between these accounts, unless restricted by a security agreement. Transferred funds from MoneyLion Checking to MoneyLion Investment will be available within 1 business day. Transferred funds fromMoneyLion Investment to MoneyLion Checking will be available within 7 - 14 business days due to the time to sell the securities in the market, settle the transaction, and transfer funds.
There is no limit on withdrawals.