Get 17% extra pay up to $599
Women typically earn 17% less than men*, and we’re helping to close the gap by giving you a 17% cash bonus up to $599 on your first direct deposit.
To take part, check your email and MoneyLion app for an opt-in message and set up direct deposit of $500+ into your MoneyLion Checking Account.
How to set up direct deposit
It’s easy! You can set up up direct deposit using your employer’s benefits or payroll website (you know, the same website where you can view your pay stubs!). You can also set it up in the MoneyLion app. Here’s how:
- Tap “More Options” in the Finances tab.
- Tap “MoneyLion Checking” and then “Add direct deposit.”
- Follow the prompts to enter your employer name and deposit amount
Bonus! Setting up direct deposit of $250+ will also unlock 0% APR Instacash cash advances.
Visit our YouTube channel for how-to videos on setting up direct deposit using common benefits websites.
Setup details you may need
- Bank Name: MoneyLion / Lincoln Savings Bank
- Bank Address: 508 Main Street, Reinbeck, Iowa 50669
- Account Type: Checking
- Routing Number: 073923033
- Account Number: Tap Account numbers in the Finances tab to find yours
When will I get my cash bonus?
Maintain direct deposit into your MoneyLion Checking Account for at least 90 days to receive your bonus. Extra cash is always worth the wait!
Not a MoneyLion member?
Join today for Zero-Fee Checking℠, 0% APR Instacash℠ cash advances, and much more. Learn more in the MoneyLion app or moneylion.com.
Terms and Conditions
Limited time offer. This promotion is open to all genders. To be eligible to receive matching contributions, participants must be in good standing with MoneyLion and must maintain direct deposits of at least $500 per deposit (after tax withholding) (“Minimum Deposit”) into their MoneyLion Checking Accounts at all times after opt-in and through the date of the matching contributions, as described below. MoneyLion’s total matching contributions will not exceed $3,000,000 in the aggregate for eligible participants (the “Maximum Commitment”), and will not exceed 17% of a single direct deposit for individual eligible participants, subject to a cap of $599 per individual (the “Maximum Match”).
Individuals who make an initial direct deposit into their MoneyLion Checking Account between March 1, 2019 and July 31, 2019 (the “Promotional Period”), and who do not already have active preexisting direct deposits into a MoneyLion Checking Account will be eligible for one-time matching contributions of 17% of their initial direct deposits of funds into their MoneyLion Checking Accounts, subject to the Maximum Match. Generally, the matching contributions will be made available 90 days after the initial qualifying direct deposit, and will be deposited into a participant’s MoneyLion Investment Account. Once the Maximum Commitment is reached, MoneyLion will have no obligation to make matching contributions for any direct deposit made, regardless of individual applicant eligibility or time of opt-in for the promotion.
The promotion is available to any person who opts into the promotion between March 1, 2019 and June 30, 2019 and who is not making direct deposits into a MoneyLion Checking Account as of the time they opt into the promotion. To be eligible, members must direct deposit at least the Minimum Deposit into their MoneyLion Checking Accounts during the Promotional Period. To qualify, members must opt in by clicking the designated link in the email sent from MoneyLion regarding the promotion, or in the MoneyLion in-app message for the promotion. MoneyLion members who have active preexisting direct deposits into a MoneyLion Checking Account as of the beginning of this promotion are not eligible for this promotion.
Timing of Matching Contributions
MoneyLion may provide matching contributions to the first 100 eligible direct deposits within 10 business days of confirmation that eligible funds have been appropriately directly deposited. For all other participants, MoneyLion will provide matching contributions after the participant has maintained MoneyLion Checking Account direct deposits of at least 90% of the value of their initial direct deposits for 90 days after their initial direct deposit. MoneyLion reserves the right to provide matching contributions at earlier times to select participants in its sole discretion.
General Terms and Disclosures
MoneyLion employees and members of their immediate families and households (whether or not related) are ineligible for this promotion. MoneyLion is not responsible for incorrect entry or other failure on the individual’s part to meet the standards for qualifying for the promotion or any incorrect entry or other failure on the part of the individual’s employer, payroll service provider or any other third party involved in activating the direct deposit. This promotion may not be valid with other offers and is non-transferrable. MoneyLion reserves the right to terminate this offer at any time and to refuse or recover any matching contribution if MoneyLion determines that it was obtained under wrongful or fraudulent circumstances, that inaccurate or incomplete information was provided in signing up for a MoneyLion membership, opening a MoneyLion Checking Account or activating direct deposit into the individual’s MoneyLion Checking Account, that any rules or regulations would be violated, or that any terms of any of MoneyLion’s client membership agreements have been violated. MoneyLion membership and the MoneyLion Checking Account and MoneyLion Investment Account are subject to agreements with MoneyLion, its affiliates and partners. Visit https://www.moneylion.com/terms-and-conditions for more information and for additional terms and conditions. These terms and conditions are subject to change, modification, or cancellation.
Investment Accounts managed by MoneyLion affiliate ML Wealth, LLC, and they are not FDIC insured • No Bank Guarantee • May Lose Value. For important information and disclaimers relating to the MoneyLion Investment Account, see Investment Account FAQs and FORM ADV. Broker-Dealer may charge a $0.25 withdrawal fee, among other fees.
Revised: June 25, 2019
MoneyLion Checking Account provided by Lincoln Savings Bank, Member FDIC. Cash Advance requires MoneyLion Bank Account and Direct Deposit. Terms and Conditions Apply. See Banking and Cash Advance FAQs for more information.
*Source: Bureau of Labor Statistics: https://www.bls.gov/opub/ted/2016/womens-earnings-83-percent-of-mens-but-vary-by-occupation.htm