MoneyLion: Bank & Finance App

MoneyLion Inc.
4.4
moneylion
bank
banking
fintech
financial
mastercard
funds
cash
finance
debit
fdic
deposit
roarmoney
payment
deposits
invest
investments
earn
forbes
account
PriceFree
Version7.80.0
CategoryFinance
DeveloperMoneyLion Inc.
Update Time2023-07-14
Installs1,000,000+
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About this app
Personal finance, mobile banking, cash advances, investing, & more — simplified. Serving customers 24/7 via phone, chat, and email. MONEYLION FEATURES RoarMoneySM - Get paid up to two days early.1 - Earn up to $500 every day just by shaking your phone with Shake 'N' Bank. InstacashSM - Get access to up to $250 in 0% APR cash advances. - Access up to $1,000 with qualifying recurring direct deposits into RoarMoney.2 Round Ups3 - Invest while you spend. - Start small and build with confidence. The press seems to like us “Top 50 Most Innovative Fintech Companies In 2020” — Forbes (2/2/20) MoneyLion is a financial technology company, not a bank. RoarMoney℠ demand deposit account provided by, and MoneyLion Debit Mastercard® issued by, Pathward, National Association, Member FDIC. RoarMoney is a service mark of MoneyLion. Mastercard and the circles designed are registered trademarks of Mastercard International Incorporated. Funds are FDIC insured, subject to applicable limitations and restrictions, when we receive the funds deposited to your account. 1 With direct deposit. Faster access to funds is based on comparison of a paper check versus electronic Direct Deposit. 2 Instacash is a 0% APR cash advance service provided by MoneyLion. Your available Instacash advance limit will be displayed to you in the MoneyLion mobile app and may change from time to time. Your limit will be based on your direct deposits, account transaction history, and other factors as determined by MoneyLion. This service has no mandatory fees. You may leave an optional tip and pay an optional Turbo Fee for expedited funds delivery. For a $40 Instacash advance with a Turbo Fee of $4.99, your repayment amount will be $44.99. Generally, your scheduled repayment date will be your next direct deposit date which can range from weekly to monthly depending on your deposit cycle. An Instacash advance is a non-recourse product, not a personal loan, and there is no mandatory minimum or maximum timeframe for repayment; you will not be eligible to request a new advance until your outstanding balance is paid. See Membership Agreement and http://help.moneylion.com for additional terms, conditions and eligibility requirements. 3 Round Ups is subject to terms and conditions. This optional service is offered by MoneyLion. You may be required to have certain MoneyLion accounts to use this feature. Shake 'N' Bank and other Rewards are subject to terms and conditions, see here. This optional offer is not a Pathward product or service. Credit Builder Plus loan fixed rates from 5.99% APR to 29.99% APR. The minimum and maximum loan term for all loans is 12 months, there is no penalty for early payoff. Payment example: If you take out a $1,000 loan with a 12-month term, a fixed APR of 29.99%, your monthly payment would be $97.48 ($72.49 principal and $24.99 Interest), with a total lifetime payment of $1,169.79. If you choose to be matched with a non-affiliate lending marketplace, then your rate and term may be outside the range listed above. Loans may not be available in all states. Interest rate caps may be lower in some states due to legal requirements. Credit Builder Plus loan rates are subject to change. Not all applicants qualify for the lowest rate. 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 disclosures relating to the MoneyLion Investment Account, see Investment FAQs (https://help.moneylion.com/categories/managed-investing-BJRt3z0MY), Form ADV Brochure (https://www.moneylion.com/adv), andhttps://moneylion.com/investing. Accounts are subject to a monthly account fee of $1, $3 (accounts valued over $5,000), or $5 (accounts valued over $25,000). Cryptocurrency services are powered by Zero Hash and are subject to separate terms and conditions. Cryptocurrency assets custodied by Zero Hash are not subject to FDIC or SIPC insurance.
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App Review

Features

MoneyLion is a comprehensive money management app that offers a wide range of features to help users track their finances and make smarter financial decisions. Some notable features include:

  • Banking Services: MoneyLion provides a virtual banking experience with no minimum balance requirements, no monthly fees, and access to over 55,000 fee-free ATMs nationwide.
  • Investment Options: Users can seamlessly invest their money in fully managed, diversified portfolios tailored to their goals, risk tolerance, and time horizons.
  • Credit Building: MoneyLion offers credit monitoring, personalized insights, and financial wellness tools to help users build their credit score and improve their overall financial health.
  • Rewards Program: The app has a unique rewards program that allows users to earn cashback on their everyday spending, resulting in extra savings.
  • Financial Coaching: MoneyLion offers free financial advice and personalized coaching sessions to help users achieve their financial goals.

Usability

MoneyLion has an intuitive and user-friendly interface, making it easy for users to navigate and access all the available features. The app provides a clear overview of your financial situation, including account balances, investments, credit score, and recent transactions. The transaction categorization and search functionality are robust, allowing for effortless expense tracking and analysis.

Design

The app boasts a modern and visually appealing design with a clean layout and vibrant colors. The use of graphs and charts to depict financial data adds a touch of elegance to the overall design. Navigating through the app feels fluid, and the information is presented in a structured manner, making it easy to understand at a glance.

Pros 👍

  • Wide range of features, including banking, investing, credit building, and rewards, all in one app.
  • No minimum balance requirement and no monthly fees for the banking services.
  • The rewards program provides an additional way to save money.
  • Free financial coaching sessions help users make better financial decisions tailored to their needs.
  • The app's design is aesthetically pleasing and easy to navigate.

Cons 👎

  • Some advanced investment options may not be available for small account sizes.
  • Limited human interaction for financial coaching sessions (mostly done through the app).
  • Certain features may require upgrading to the paid membership tier.

Overall, MoneyLion is an all-in-one money management app that covers various aspects of personal finance in a user-friendly manner. Its robust features, sleek design, and valuable insights make it a go-to app for anyone looking to take control of their finances and build a stronger financial future.

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Please rate this game app
By Marley
MoneyLion has everything I need in a financial app. The ability to link all my accounts and see my investment portfolio in one place is amazing. The personalized tips and rewards keep me motivated to save and invest.
23 Oct,2023
By Remy
Since using MoneyLion, I've been able to track my spending and save more money. The credit monitoring feature has helped me improve my credit score significantly. This app is a must-have for anyone looking to get their finances on track.
23 Oct,2023
By Stella
I can't say enough good things about MoneyLion. It has completely transformed my financial habits. The goal-setting feature has helped me achieve my savings targets faster than I thought possible. It's truly a one-stop-shop for all my financial needs.
23 Oct,2023
By Stella
I've tried many financial apps and MoneyLion is by far the best. The user interface is clean and intuitive, making it easy to navigate. The cashback rewards and low-interest loans are a game changer!
23 Oct,2023
By Tucker
I absolutely love the MoneyLion app! It has made managing my finances so much easier. The features for budgeting and tracking expenses are fantastic. Highly recommend!
23 Oct,2023