To get Instacash, you must be a Credit Builder Plus or Instacash with Banking member or have recurring direct deposits going into your MoneyLion Checking account. (Go here for how to set up direct deposit.)
Credit Builder Plus and Instacash members are eligible to take up to $200 in Instacash advances. If you have a regular direct deposit into a MoneyLion Checking account, you'll be able to take Instacash advances equal to 30% of your direct deposit amount per pay period. So if you deposit $600, you're eligible for $180 in Instacash.
How to use Instacash once you have joined:
- Open the app, go to the Finances tab.
- Tap the Instacash button at the top.
- Tap the Request button
- Select the amount you want, and how soon you would like the funds transferred to your account.
- When you use Instacash, the amount you borrowed is automatically deducted from your account on the due date as determined by your pay cycle - with no interest. You can take another Instacash once you repay your last Instacash as long as you maintain your eligibility.