How do I set up a MoneyLion account?
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Having a MoneyLion account gives you access to unlock a variety of services, which include:
- $1/month RoarMoneySM banking
- Cash advances
- $1/month fully managed investing account
- Financial tracking
- Rewards program
- $19.99/month MoneyLion Credit Builder Plus membership (requires approval)
If you sign up for a Credit Builder Plus membership and then open a RoarMoney account or
MoneyLion Investment account (or both), we’ll refund the $1/month administrative fee on each.
So you can save and invest effortlessly as part of your membership. Adding these accounts will
also help you earn Lion’s Share rewards up to $19.99 a month.
Which bank does MoneyLion use?
MetaBank®, N.A., Member FDIC, is our premier partner bank that issues your MoneyLion Debit
Mastercard® and RoarMoney virtual card and holds the funds in your RoarMoney account. If you
ever have any issues or questions, please don’t hesitate to contact our Customer Care
specialists at 888-659-8244 or email@example.com.
Instacash is an optional service offered by MoneyLion. The amount of Instacash you are eligible to receive will be based on your creditworthiness and other criteria determined by MoneyLion, and may change from time to time. You will be informed of your current available amount in the MoneyLion mobile app. See Membership Agreement and help.moneylion.com for additional terms, conditions and eligibility requirements.
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 disclaimers relating to the MoneyLion Investment Account, see Investment Account FAQs and FORM ADV. Accounts are subject to administrative fee of $1 per month.
The Financial Heartbeat® financial tracker is intended to provide financial insight based on accounts you have linked to your MoneyLion account and other information you provide to MoneyLion. MoneyLion does not track your non-linked bank accounts, credit cards, spending or other financial activity, so your Financial Heartbeat score and insights may not reflect your complete financial picture. The Financial Heartbeat analysis is for educational purposes only
and does not represent tax, investment or other financial advice. You should consider consulting with a financial or tax advisor with complete knowledge of your financial situation before implementing any financial planning strategy.
Cashback Rewards are subject to terms and conditions, see here.
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 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.
Credit Reserve Accounts Are Not FDIC Insured • No Bank Guarantee • Investments May Lose Value. For important information and disclaimers relating to the MoneyLion Credit Reserve Account, see Investment Account FAQs and FORM ADV.
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. Credit Builder Plus is an optional service offered by MoneyLion.
Administrative Fees are not reimbursed if the Credit Builder Plus membership is deactivated or suspended at the time the Administrative Fee is charged. The membership must be in good standing and an active state.
Shake 'N' Bank and other Rewards are subject to terms and conditions, see here.
RoarMoney has a $1/mo administrative fee. Other fees may apply. See www.moneylion.com/pdf/Fee-Schedule.pdf.