MoneyLion just keeps getting better
We’re always improving the member experience, and we think our latest enhancement will be a major crowd pleaser. Drum roll, please! 🥁
Investment deposits are now faster
Starting today, MoneyLion Plus members will have their per-paycheck auto deposits transferred directly into their MoneyLion investment account. They no longer have to wait until they’ve paid the month’s full $79 to receive a $50 auto deposit.
This change affects the timing of auto deposits only. Plus members will still be investing $50 a month and paying $29 a month for membership. (Remember, each day you log in, $1 cashback gets added to your managed investment account. So if you log in every day, all $79 a month will be invested in your own account!)
Here’s how auto deposits will break down based on your payment schedule:
|Your pay cycle||Your per-paycheck payment||Auto deposit into your Plus account|
**Note:** If you were nearing your next $50 auto deposit at the time of this change, please don’t worry if your next auto deposit is now less than $50 (based on the table above). We’ll be truing up all members’ investment deposits based on their payments to date by June 29, 2018. Then everyone will be fully on the new auto deposit cycle and investing with every payment!
MoneyLion Core members can transfer funds from their MoneyLion Checking account or external checking account to their MoneyLion managed investment account instantly in the app. We’ll then invest those funds on the member’s behalf in their personalized investment portfolio. It’s the fastest, easiest way to invest!
Not a MoneyLion member?
MoneyLion (learn more: online | mobile) is an all-in-one financial membership designed to give millions of Americans a sustainable path to financial freedom. More than 90% of members are first-time investors, and nearly 70% of members have raised their credit scores since joining.*
**Results not guaranteed. Your experience and circumstances may be different. Data was sourced from more than 11,000 MoneyLion Plus members who have signed up for MoneyLion credit monitoring, taken out a MoneyLion Plus loan, and made on-time MoneyLion Plus loan payments.*
MoneyLion Plus membership required. View full terms and conditions here.
*Investment Account Not FDIC Insured or Bank Guaranteed * May Lose Value. The managed investment account is subject to risks, including but not limited to the loss of principal. This advertisement should not be construed as a recommendation regarding the suitability of purchasing a particular security or securities in general.