MoneyLife

Where Can I Find An Instant Checking Account No Deposit?

By Grace Kilander
Instant Checking Account No Deposit

A bank account is an essential financial tool. Not only does it provide you with a way to deposit checks, but it also gives you access to your funds so that you can withdraw them at any time without incurring fees. But what if you are on the search for a bank account without minimum balance and instant checking account, no deposit, or a minimum balance?

MoneyLion has the answer for you. You only need five minutes to set up our RoarMoney mobile banking account, and then you’ll have immediate access to your account and routing number. 

MoneyLion provides RoarMoney checking accounts as well as other tools such as savings and prepaid cards that allow you to manage your finances when traditional tools may not be available. Read on to find out more! 

What is included in a RoarMoney account?

You probably think opening an instant checking account with no deposit means you can forget about features. That’s what’s so neat about a MoneyLion RoarMoney account. There’s no minimum deposit requirement and only a $1 administrative fee. Additionally, MoneyLion also offers a free debit MasterCard, free bill pay service, and online banking that lets you manage your finances from anywhere in the world.

Your RoarMoney account offers so much more than a safe and secure place to keep your money. When you open your account, you’ll also get:

  • Access to over 55,000 no-fee Allpoint ATMs
  • An instant virtual debit card
  • A physical debit card that allows for contactless Tap & Go payments
  • Debit card rewards
  • Price protection
  • A spend tracker report every week
  • Overtime–MoneyLions new buy no pay later feature 

Think of this as a checking account and then some! 

Is there a minimum balance with RoarMoney?

Sometimes, the worst part of going to the bank is opening up an account. When you have to make that deposit and start at a balance of $50 or $100, few banks are willing to take you on as a customer. And if your account dips below a certain amount, you pay a fee.

Fortunately, RoarMoney doesn’t have a minimum balance for opening or maintaining the account. You also won’t get charged fees if your balance drops to zero. Our bank account has no minimum deposit, no monthly maintenance fee, and you can get approved in minutes. 

Get a card that’s free for life with our RoarMoney account – use it to withdraw cash at any sur-charge free AllPoint ATM or spend online or in-store without paying a fee, too!

Does RoarMoney come with access to cash advances?

We understand that it can be frustrating when you need cash. You have bills to pay and things to buy. But your bank account balance doesn’t quite make it. There are emergencies that demand cash, and it can be frustrating when you need money but your bank balance is looking thin.

There are a lot of options out there for people who need quick access to cash, but there’s one in particular that stands out from the rest: Instacash. 

Our Instacash cash advance will be here for you anytime you need up to $250 in your account. It’s credited to your account and you pay it back at 0% APR. 

What if your credit is bad?

Good, bad, or non existence credit–It’s not an issue with Instacash! Just set up your account, direct your check to be deposited, and unlock Instacash without undergoing a hard credit check.

If you set up direct deposits into your RoarMoney account, you can unlock the highest amounts of Instacash or get your paycheck early! The extra $250 or whole paycheck can be a real lifesaver when times are tough, so check it out today!

How soon can I use my instant checking account?

With RoarMoney, you can gain instant access to your virtual debit card right away and add it to your google or apple wallet.  

If you have an external checking account, you can use it to fund your RoarMoney account. As soon as you deposit funds with a direct deposit, external account transfer, or cash deposit, you can use your virtual debit card and or wait for your physical card in the mail. 

Need to deposit a paper check? Use the Ingo Money app to snap a picture, and we’ll deposit the check for you!

What if I need to fund my account with cash? 

Do you receive cash payments for work? If so, we have a solution for you!

You can add funds at one of over 90,000 Green Dot locations. Green Dot is available at retailers such as Walmart and Dollar General. Give the cashier cash and then swipe or tap your MoneyLion Debit Mastercard to load it. It takes about 10 minutes for the cash to appear. 

Financial freedom with RoarMoney’s instant checking account

Why not give a RoarMoney bank account a try and benefit from our straightforward, no deposit checking account. Besides, we have features that you won’t find with other banks out there — for instance, Credit Builder Loans, cash back rewards, Price Protection, and the newly launched Safety Net feature.

With MoneyLion, you’ll never have to worry about hidden expenses derailing your financial future. Download the MoneyLion app and receive your new RoarMoney virtual card today! 

Frequently Asked Questions

Can I open a bank account with no deposit

Yes, MoneyLion offer a RoarMoney bank account for $1/month administration fee and no minimum amount requirements!

What’s the easiest bank account to open?

You can open a virtual RoarMoney account by following a few easy steps and gain access to your virtual debit card in minutes!

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Open a RoarMoney account to bank with no minimums, no hidden fees, no BS! And you'll love the perks like a contactless debit card, early payday, cashback, and fraud protection.

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