Moneylion Reviews

MoneyLion is a financial platform that offers a variety of services. Here are some key features and benefits:

• RoarMoney: This is MoneyLion's online banking platform. It offers a blend of traditional and digital banking features. Key benefits include no fees for overdrafts or maintaining a minimum balance, free access to over 55,000 ATMs nationwide, direct deposit of paychecks up to two days early, and price protection with refunds for differences in purchases made in the last 90 days.

• Credit Builder Plus: For a $19.99 monthly membership fee, customers gain access to features like an investment account, up to $500 cash advances, and mobile banking with benefits.

• Automated Investing: MoneyLion offers access to automated investing portfolios, which simplifies the process for beginners.

• Cash Advances: Cash advance limits of up to $1,000 for members (up to $500 for non-members with regular deposits in their linked account).

• Cryptocurrency Features & Prizes: MoneyLion also offers features related to buying and selling cryptocurrencies.

• Integrated Rewards System: By actively using MoneyLion, users can significantly reduce or even negate various fees through the platform’s Lion’s Share loyalty program. This essentially provides free access to tools like credit builder loans and payday advances, which many competitors charge for.

• Customizable Investment Portfolios: MoneyLion allows users to customize their investment portfolios according to their preferences and risk tolerance.

These features make MoneyLion a comprehensive financial solution for many users. It combines banking, credit building, investing, and cash advances into one platform, providing a convenient and integrated financial experience.

MoneyLion offers a variety of services with different pricing structures. The flagship account RoarMoney costs $1 per month. Withdrawals from out-of-network ATMs cost $2.50. Electronic bill payments are free; however, paying with a paper check will cost account holders $2.50.

If you open up a Credit Builder Plus account, you’ll pay $19.99 monthly plus your monthly loan payment. Your automated investing account won’t cost you anything extra — there’s no minimum balance requirement and no management fees.

By logging in daily and using MoneyLion services, the $19.99 monthly fee can be entirely negated. This results in free access to valuable services like credit building and cash advances. MoneyLion’s integrated rewards system can provide strong value for those seeking an all-in-one financial solution.