We all feel a little bit better after a paycheck, regardless of our age or what we earn. When that money comes in, you know that your expenses are covered for another pay period – it’s a great feeling. But did you know that you could be delaying that satisfying moment?
Some lenders, like MoneyLion, offer early direct deposits. Taking advantage of this feature ensures that you cut down on delays, avoid late fees and get your money as soon as possible.
Get your money 2 days early with RoarMoney
Bumping up your payday by up to two days is easy with a RoarMoney℠ account. Really, all you need to do is set up a direct deposit with your employer. You’ll need your RoarMoney account and routing numbers handy to do this. If you have government income (or expect a stimulus check as part of COVID relief bills), you can link those payments to your RoarMoney account using the IRS’s Get My Payment website. If another round of stimulus checks go out, you’ll get your payment up to two days before many others.
By the way, if you’re struggling to find the direct deposit form at your work, MoneyLion has you covered with a direct deposit form you can print, fill out, and bring to your work’s human resources department.
You can also use the MoneyLion app to set up direct deposit. Open the Finances tab and tap the More button. You’ll find “Manage direct deposit” under the RoarMoney menu.
Borrowing 0% APR Instacash
Two days early might not always be early enough. If you need some cash to hold you over until payday, you might consider Instacash℠ from MoneyLion.
These small advances are available for RoarMoney customers who set up direct deposit– giving you instant access to as much as $1000!
Not only do you get immediate access to those funds, but they come with no strings attached and 0% APR. In fact, the only fee you might pay is if you choose turbo delivery with instant delivery funds to your RoarMoney account or external debit card. If you need money before payday, but can wait a couple of days for the funds to arrive in your account, you could end up with a fee-free, no-interest advance.
RoarMoney perks
Early paydays and Instacash are great, but those only scratch the surface of the benefits of banking with MoneyLion. Here are a few other perks worth noting.
Debit card rewards – Shake ‘N’ Bank
Most banks make you jump through hoops to earn rewards or cashback–not MoneyLion! We reward you for simply using your MoneyLion debit card. Our Shake ‘N’ Bank℠ rewards program sends you rewards notifications to your phone every time you spend at least $10 with your debit card or virtual card.
This charge can be made on either your contactless debit card or your virtual debit card. After the purchase, you’ll get a mobile alert asking you to shake your phone. Shake it to reveal your reward, which could be worth as much as the entire value of your recent purchase (up to $120).
Free budget and spending tracker
Let us help you keep an eye on your overall financial health with its Financial Heartbeat service. This tool is integrated into the MoneyLion app, and it automatically tracks vital financial information like your spending habits, credit score, and more. The Financial Heartbeat boils all that information into a single number that falls on a simple 1–10 scale. A “1” means you’ve got a lot of work to do, and a “10” means you couldn’t possibly be doing better.
Secure banking
For those who are new to mobile banking, it might seem unnerving to enter sensitive information online, but it’s actually incredibly safe. RoarMoney is FDIC insured. And MoneyLion uses TLS security technology that keeps your information safe as it travels through the internet. We have a dedicated security team that works around the clock to identify security threats and protect your accounts.
Price protection
We’ve all experienced buyer’s remorse before. You buy something in a whirlwind of excitement, but you soon realize you could’ve gotten a better deal if you had gone to a different store or waited for a sale to kick in. That’s why RoarMoney comes with Price Protection for purchases made with your MoneyLion Debit Mastercard or virtual card. As long as you spot a better deal and contact Mastercard within 90 days, you may be eligible to get a cash refund for the price difference.
Improve your financial health
So far, all the perks we’ve covered come with a RoarMoney account, but that’s just one account MoneyLion has to offer. Once you feel settled into your mobile banking account, you may want to branch out to MoneyLion’s fully-managed investing account and Credit Builder Plus membership.
MoneyLion’s fully-managed investment account puts your money to work for you without forcing you to choose between stocks and bonds. It’s all automated, so just sit back and watch your money grow. Alongside no management fees, you can get started with as little as $5!
Need help establishing or rebuilding your credit score? Our Credit Builder Plus Loans are designed to improve your credit score and help you save. Membership costs $19.99/month and includes access to several features. Learn more here.
Get fast cash today!
Need to pay your bills, buy new tires and go grocery shopping? We know sometimes you need a little cash float to cover all your expenses, but where can you find enough cash to cover your needs?
With MoneyLion’s Safety Net feature, you can easily view all your available funds in one spot. No more running around and collecting money from predatory payday lenders or family members. When you download the MoneyLion app, set up direct deposit with RoarMoney, you’ll automatically gain instant access to this one-stop-shop feature.
From cash advances to investments–we got you covered!
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Disclosures
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 is a registered trademark, and the circles design is a trademark of Mastercard International. Funds are FDIC insured, subject to applicable limitations and restrictions, when we receive the funds deposited to your account.
Instacash® is an optional service offered 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. Expedited delivery requires Turbo Fee. See Instacash Terms and Conditions for more information 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 disclosures relating to the MoneyLion Investment Account, see Investment FAQs, Form ADV Brochure, and 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).
Credit Builder Plus membership ($19.99/mo) unlocks eligibility for Credit Builder Plus loans and other exclusive services. This optional offer is not a Pathward product or service. 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. 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.
Rewards are subject to terms and conditions, see here.
Rewards are an optional service offered by MoneyLion
Should you find a lower price for an eligible new item within 90 days from the date of purchase using your MoneyLion Debit Mastercard, you may be reimbursed for the price difference. For more information about the coverage you may be eligible to receive, call 1-800-MASTERCARD (627-8372). To file a claim online, go to mycardbenefits.com. Benefits are subject to terms, conditions and limitations, including limitations on the amount of coverage. Coverage is provided by AIG WarrantyGuard, Inc., an AIG company. Policy provides secondary coverage only. Please reference the Guide to Benefits.
With direct deposit. Faster and easier access to funds is based on comparison of traditional banking policies and deposit of paper checks versus deposits made electronically and the additional methods available to access funds via a card as opposed to a paper check.
MoneyLion does not provide, nor does it guarantee, any third-party product, service, information, or recommendation. The third parties providing these products or services are solely responsible for them, as well as all other content on their websites. MoneyLion is not liable for any third party's failure with regard to those advertised products, services, and benefits. These advertised products and services may not be FDIC insured or bank-guaranteed, and may be subject to a different privacy policy than MoneyLion’s. You should check individual offers, products, and services to become familiar with any applicable restrictions or conditions that may apply. MoneyLion may receive compensation from third parties for referring you to the third party, their products or to their website.
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. An Instacash advance is a non-recourse product; you will not be eligible to request a new advance until your outstanding balance is paid. See Membership Agreement and help.moneylion.com for additional terms, conditions and eligibility requirements.
Increased Instacash limit with Safety Net requires recurring direct deposit into RoarMoney account. Instacash is an optional service offered 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. See Membership Agreement and help.moneylion.com for additional terms, conditions and eligibility requirements.