Promoting wage equality on Equal Pay Day and beyond

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MoneyLion is dedicated to leveling the financial playing field, which we know can be far from equitable in America. A prime example is the gender wage gap — something at the forefront of our minds today, Equal Pay Day. April 2nd, 2019 is designated as Equal Pay Day because that’s generally how far into the year women have to work just to earn what men earned in the previous year.

Giving members up to $599 each

It has been 47 years since the Equal Rights Amendment, yet the pay gap between men and women is still a reality in the United States. Women make, on average,17 cents less than men for every dollar earned.

That’s why MoneyLion is helping to bring awareness to this issue with its Pave The Wage℠ campaign. MoneyLion is offering its customers – both women and men – a 17% bonus (up to $599) on their first direct deposit into a MoneyLion Zero-Fee Checking account to highlight the gender pay gap and help make their paycheck whole.

Fueling the Equal Pay conversation

With Pave The Wage, MoneyLion is working to pave the way for a future where women and men are paid the same money for the same work. While we know this campaign alone won’t close the wage gap in America, it’s meant to give back to the MoneyLion community, highlight the issue of the wage gap and start an important conversation. Our hope is that the Pave The Wage initiative will encourage members to talk to their families, peers, employers, children, and friends to really understand and push the issue of wage equality in America.

As a female and an executive who’s been working in the financial services industry for the last 25 years, I’m proud to be part of a progressive fintech company bringing awareness to this important issue and doing something directly to help their customers.

Learn more and get your extra pay

If you’re a MoneyLion member and want to learn more about Pave The Wage and getting a cash bonus on your first direct deposit, check your email for an opt-in message or visit here.

If you’re not a member and you want to learn more about the free MoneyLion membership, which includes no-fee checking and investing and 0% APR cash advances, visit here.

Join the conversation today

Visit our blog to learn more about issues specific to women and finance. And connect with us on social using #PaveTheWage and #EqualPayDay to be part of this important conversation around gender pay equity.

Limited time offer. This promotion is open to all genders. Matching contributions are limited to $3,000,000 in aggregate. Individual matching contributions are limited to $599 per person. Promotional period ends when maximum matching contributions are reached. Must maintain direct deposit into MoneyLion Checking Account for at least 90 days to receive matching contributions. Eligible matching contributions will be deposited into MoneyLion Investment Account. Must be a MoneyLion member in good standing at all times until payment of matching contributions. See the Official Rules for additional terms, conditions and eligibility requirements.

MoneyLion Checking Account provided by Lincoln Savings Bank, Member FDIC. Cash Advance requires MoneyLion Checking Account and Direct Deposit. Terms and Conditions Apply. See Banking and Cash Advance FAQs for more information.

Investment advisory services provided by ML Wealth, LLC. Investment Accounts Are Not FDIC Insured • No Bank Guarantee • Investments May Lose Value. For important information and disclaimers relating to the MoneyLion Investment Account, see Investment Account FAQs and FORM ADV. Broker-Dealer may charge a $0.25 withdrawal fee, among other fees.

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