Private banking for the rest of us

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The traditional banking system has been around for over 100 years and has served as a pillar of the global economy. However, what started as a fairly respectable industry providing financial services to the masses has turned into hurtful and damaging behavior by many big banks.

Only those fortunate enough to have assets above a certain threshold have been provided the red carpet treatment, while the rest of hardworking America has been battered with fees — worst of which are the exorbitant insufficient fund fees marketed as “overdraft protection” and sold as a service to customers.

It ends here.

Today we’re thrilled to announce MoneyLion Checking, bundled with a zero-fee managed investment account and a rewarding debit card in America’s most powerful financial membership. The fastest, easiest, and most rewarding way to bank.

With a MoneyLion Checking account, you’ll have 24/7 access to the traditional checking features — balances, transactions, transfers, statements — in the palm of your hand, as well as a sleek black debit card that can be used anywhere Visa is accepted and at 55,000 ATMs worldwide. All of this, with none of the bank fees Americans have been paying for far too long.

Total freedom, zero cost

America’s most powerful financial membership comes at a price tag of Zero. Zilch. Zip. That’s right. We’ve eliminated all those outrageous fees that banks charge, because our mission is to help you get more from your money every day.

Item Fee
Replacement Card 1 free per year
ATM usage (in network) Unlimited free
Account opening NONE
Account Monthly/Annual NONE
Account minimum NONE
Overdraft NONE
NSF (Insufficient funds or overdraft fee) NONE
POS transactions NONE
Stop Payment NONE
Inactive/dormant account NONE
Escheatment (Abandoned or Unclaimed Account) NONE

But what makes our checking account truly unique from traditional banks and other mobile banking competitors is our Instacash feature — 0% APR cash advances at any time. As long as you have direct deposit set up with us, you get instant access to up to $250 at a 0% APR, repayable upon your next paycheck.

We know emergencies arise, and we think this feature will enable many of our members to overcome financial shortcomings in between paychecks and avoid late fees.

Instacash Checking

America’s fastest funding

When it comes to moving money, we know transfer speeds matter, and we’ve optimized our payments platform to enable the quickest methods to move your funds.

We offer a number of transfer methods that allow you to seamlessly move funds between your external accounts, your MoneyLion Checking account, and your MoneyLion Investment account. We also offer instant disbursement of funds with our Instacash feature into your MoneyLion Checking account.

Finally, a bank that’s on your side

Because we know you won’t be spending hours of your valuable time checking your account in the MoneyLion app, we offer instant alerts and notifications for a wide variety of account activities. All of these are configurable in the app, and you can turn them on and off anytime. So let us monitor your account while you focus on what matters most to you!

It’s the zero-fee revolution

We know you work hard for every dollar, and we know you’re sick of traditional banking jargon, fees, and runaround. We built these memberships to break down the traditional barriers to financial health, take the stress out of money, and make every one of your dollars work harder for you.

It’s time to ditch the fees, enjoy modern mobile banking, and feel the power of being in control of your money. It’s time for America’s most powerful financial membership.

MoneyLion Banking account provided by partner bank, Member FDIC. Cash Advance requires MoneyLion Bank Account and Direct Deposit. See Banking and Cash Advance FAQs for more information.

Investment Accounts 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. Broker-Dealer charges a $0.25 withdrawal charge.

“America’s Most Powerful Financial Membership SM” is based on our analysis of membership programs and products offered by competing financial institutions. Learn more.*

See Membership Agreement, related agreements and Terms and Conditions for full terms.

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