Five Easy Steps to Getting Started With MoneyLion

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You’re now the proud owner of MoneyLion Checking and Managed Investment accounts, and you have a powerful financial starter kit in the palm of your hand! So let’s get this party started!


Five steps to get started

Here are the first five steps to begin using your Core membership and maximizing your money like a true lion. 

  1. Download the MoneyLion app and link your bank accounts
  2. Fund your MoneyLion Checking account
  3. Start investing in your personalized portfolio
  4. Explore the Financial Heartbeat
  5. Unlock 0% APR Instacash cash advances

Start now so you’re ready to roar when your MoneyLion Visa® Debit Card arrives in the mail.

Step 1: Link your financial accounts in the app

The MoneyLion app is your financial magic wand, helping you manage your money easily and lower your financial stress. It all starts with connecting your other financial accounts to the app. It’s totally secure, and you’ll be able to manage all of your finances in one place! 

When you link your accounts, we’ll help you track your spending, income, credit and more in the Finance tab and in the Financial Heartbeat. And you’ll get personalized alerts, financial advice, and savings tips. 

Earn points toward gift cards when you link an external bank account today. Here’s how:

  1. Open the MoneyLion app
  2. Tap the Finances tab
  3. Tap + Link an account 
  4. Follow the prompts 

Step 2: Fund your MoneyLion Checking account

Your new checking account is ready to protect you from bank fees, but it’ll need a little money in it first. Transfer funds to your account today so when your card arrives, you’ll be ready to spend smarter with zero bank fees. 

Three easy ways to add money:

  1. Tap the Transfer button on the Home screen or in the Finances tab to transfer money into your MoneyLion Checking account.
  2. Set up direct deposit into your MoneyLion Checking account. Here’s how.
    Perk: Setting up recurring direct deposits of $250 or more gives you access to 0% APR Instacash advances 24/7.
  3. Log into your external bank and transfer money to your MoneyLion Checking account. You can even transfer money from your PayPal or Venmo account! 

Step 3: Start investing with as little as $1

Investing is the key to financial security, and your MoneyLion Investment account makes investing as easy as checking. Deposit any amount, any time — and we’ll make your money work as hard as you do, with no management fees. Here’s how: 

  1. Tap Transfer on the Home Screen or in the Finances tab.
  2. Select or add a FROM account and a TO account.
  3. Type the amount and tap OK and Continue

When you deposit funds, whether $5 or $50 or $500, we’ll invest it for you in your personalized portfolio with no management fees. Explore your portfolio now by tapping Invest on the Home screen or Finances tab and then tapping Portfolio

The sooner you start investing, the bigger your money can potentially grow over time. It’s a fact. Better yet, put the whole thing on Auto Pilot, with Auto Invest – our new automatic investing feature! Learn more here.

Step 4: Explore the Financial Heartbeat monitor

Starting strong requires knowing where you’re at now  so you can track your progress. The Financial Heartbeat tool is a first-of-its kind fitness tracker for your money that lets you monitor your financial health in the same way you’d use a Fitbit or Apple Watch to manage your physical health.

It monitors four areas of your financial health — Save, Spend, Shield, and Score — and celebrates your progress with Strive. Together, these five scores add up to your total Financial Heartbeat score (1.0 to 10.0, with 10.0 as a perfect score). 

To reach the Financial Heartbeat feature, swipe through all your cards in the app — it will appear after you swipe past the trivia card. The more you link your financial accounts and engage with the app, the more it can help you strengthen your financial health.

Step 5: Get Interest-Free Cash Advances

You can add 0% APR Instacash to your membership for $9.99/month. Fast, interest-free advances come in handy for just about anything life throws your way! If you link an external account where you get direct deposits, you can raise the amount of Instacash you have access to up to $150. And if you add direct deposits to your MoneyLion Checking account, you can get up to $250 in Instacash — and pay ZERO membership fee!

Set yourself up for success

Follow the steps above and check on your finances every day in the MoneyLion app. You’ll be set up for success and on the path to financial security. We promise to make your journey fun, rewarding, and easy! Thanks for joining the MoneyLion pride.

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