MoneyLion Inc.

MoneyLion is a financial technology app offering mobile banking, small cash advances, credit builder loans, and investing tools, all within a single platform. It is not a bank. Its banking services are provided through Pathward, N.A. and MetaBank, both FDIC-insured.

MoneyLion's cash advance product, called Instacash, allows qualifying members to access small, interest-free advances against their upcoming paycheck. Like most cash advance apps, there is a fee for instant delivery of the advance, and a standard free delivery option that takes longer. Optional tips are also available. The combined cost of fees and tips should be considered when evaluating the true cost of using Instacash relative to the amount advanced.

MoneyLion also offers a credit builder loan product, where loan payments are reported to the credit bureaus. This can help establish or strengthen your credit file over time. Some MoneyLion features are included with a free membership, while others require a paid RoarMoney membership subscription. Review what is included at each level and calculate the full monthly cost of the services you plan to use.

The investing feature allows users to open a managed investment account within the app. This is a separate product from the banking and lending features and comes with its own terms and risks.

MoneyLion is a broad financial app rather than a specialist in any one area. If you are primarily looking for credit building, cash advances, or investing tools, compare dedicated products in each category before defaulting to a bundled app. Read all current fee disclosures carefully, as subscription costs and product features can change over time.