Modern Banking – What Is The Future of Banking?

Long teller lines and waiting for your check to clear to get cash is old news.  We all need our banking done fast and conveniently. 

2020 has been the year of uncertainty, drastic change, and adaptation. Traditional banks had to pivot their practices faster than you could define what NSF fees are. Standing in a long line for a teller to cash your paper check is so 2012.  Although change is typically uncomfortable, most people are settling right into the new wave of modern banking and the future of banking.

What Is Modern Banking?

When you’re looking for a bank to handle all your financial needs, a secure advanced technology one stop shop is what people want. A RoarMoney bank account from MoneyLion has all the bells and whistles. Virtual debit card, contactless physical debit card, instant 0% cash advances, price protection, top-notch security, rewards program and plenty more! 

User-Friendly Interface

The MoneyLion mobile banking app covers all the bases, and that’s why we’re one of the Forbes Fintech 50 in 2020. You see, not only is our app visually pleasing, but it’s easy to navigate. With a few swipes, you can track your budget, monitor credit, find education resources and invest. The more you use the mobile app, link your financial accounts, work on your goals– your Financial Heartbeat will increase. 

This feature is intended to help you measure, monitor and improve your overall financial health in a fun and encouraging way. To view your Financial Heartbeart, swipe through all the tabs on your mobile banking app, right past the trivia tab. 

No ATM Fees

Need cash cash fast? Withdraw money using your MoneyLion Debit Mastercard at 55,000+ AllPoint ATMs nationwide – FREE! Yes, you read that right – zero ATM fees when you use AllPoint. You can find these ATMs virtually anywhere, like CVS, Target and Walgreens.  

Haven’t received your physical card in the mail yet?  No worries, most of the surcharge-free AllPoint ATMs allow contactless banking with your virtual card.  

Virtual Lending

Online banking is the future, and MoneyLion is keeping up with the times. Most of, if not all, banking needs can be done right from your phone. Need a loan? No need to step foot into a bank branch, you can apply and qualify within a few minutes on your MoneyLion app. 

Our Credit Builder loans are perfect for someone with a poor or no credit score. All you need to do is link your primary bank account to be reviewed for healthy financial habits. You could qualify for a competitive interest rate loan up to $1000 and receive some of your loan funds that same day (with the rest saved in reserves for you until you pay off your loan). Loans are paid back over the course of 12 months, making payments more affordable.  

Bonus: We help build your credit by reporting your payments to all 3 credit bureaus. Just make sure you make payments on time and in full. Log into the mobile app to apply today! 

Easy Interactive Tools

We’ve all downloaded apps thinking they’d be revolutionary, only to find them impractical for our needs. When you download the MoneyLion app, you’ll discover features you’ll actually use daily. 

From managing your budget, everyday shopping while earning cashback rewards to transferring money between accounts.  Our app will quickly become one of your most used and favorite apps.   

Modern Banking With Virtual Tellers 

Some banks require you to come in person for paperwork, signatures or specific banking issues. At MoneyLion, all of your banking needs are online and convenient.

Get all your banking, investment and lending questions answered on a live agent chat, bot or our FAQ page. Open up the mobile app and find the ‘tap for help’ button.  

Prefer to chat with someone? Give our phone support a call at 1-801-252-4427, we’d love to hear from you! 

Investing Made Easy

Figuring out how to start your investment journey can be overwhelming and quite scary. That’s why we created a newbie-friendly approach to investment.

By answering a few simple questions, we’ll guide you in creating a fully managed personalized portfolio that fits your budget and risk level. After you’ve decided on your investment approach (which you can change at any time), sign up for auto investing.

With auto investing you choose any amount of money you’d like to automatically invest each month and let us take care of the rest. We’ll assign you a portfolio type that fits your needs best and you can even add thematic investing that allows you to choose investments that resonate with you. There are no minimums and you can add or withdraw funds at any time.

Instant Cash Advance Online with Modern Banking

Predatory payday loans are notorious for uber high interest rates and revolving debt accumulation. If you need quick cash now, our Instacash feature might be the perfect match!  Instantly borrow up to $250 interest free right from your phone– anytime! No credit check required. 

An addtional quick cash option is our early paycheck feature. All you have to do is link a direct deposit to your RoarMoney account and you could get your paycheck up to two days early. See more details here. 

Modern Online Banks vs Traditional Banks 

As the world continues to move forward in the future of banking and technology, don’t forget your financial health behind. MoneyLion offers the easiest approach to modern banking with our members’ needs in mind. With us, you can build credit, borrow, track spending, earn rewards and invest all from the palm of your hand.  


Download the app to explore MoneyLion’s innovative approach to modern banking.

Get paid up to 2 days early

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, cashback, and fraud protection.