What is Mobile Banking?

what is mobile banking

Nowadays, it’s easier than ever to take charge of your financial life, wherever you are and whenever you choose, right on your favorite mobile device. If you haven’t tried mobile banking, it’s a great time to get started. In fact, 81% of US consumers now use it.  That’s eight out of ten of us.

How to use the MoneyLion mobile banking app

 It takes only seconds to download the MoneyLion mobile banking app and take charge of your financial future. Just download the app on your mobile device — via the App store or Google PlayTM store. Then you’re ready to get the most from your MoneyLion relationship — right from your mobile device:

Save, spend, and earn

  • Safe and secure banking with RoarMoneySM. Bank with control and confidence with industry-leading capabilities, contactless payment, and robust protection against unauthorized purchases1 if your RoarMoney Debit Mastercard® is lost or stolen. There are no minimum balances — and you’ll have access to 55,000 no-fee ATMs.2 
  • Get paid early in a few simple steps! No more waiting for your money while it sits in some mysterious electronic limbo. Just connect direct deposits to RoarMoney, and you’ll receive your paychecks up to two days early3.

Earn rewards on purchases. The MoneyLion app makes it easy to tap into awesome rewards from top online merchants. Plus, you can earn rewards just by shaking your phone after purchases of $10 or more with Shake ‘N’ Bank4!

Get 0% APR cash advances

Sign up for direct deposit and simplify your life. Qualify for 0% APR cash advances in minutes! Just link a checking account to your RoarMoney account or open a RoarMoney account, then sign up for direct deposit to your RoarMoney account. Request an advance in the app, get your cash, and pay it back interest free.5


  • Get a personalized portfolio, just for you, with no asset-based management fees or minimums. Choose from our selection of fully managed portfolios — there’s one that fits your goals and preference for risk. 
  • Set life’s goals in motion with auto investing. Simply pick an amount to invest on repeat, and get closer to your dreams automatically.

Add or withdraw money any time you want — to stay financially flexible.

The reviews are in!

“Top 50 Most Innovative Fintech Companies In 2020” — Forbes (2/2/20)

“2019 Best Digital Bank” — Finovate (9/24/19)

Money Lion Review 1
MoneyLion review 2
MoneyLion Review 3
MoneyLion review 5
MoneyLion review 6

(disclosure and footnotes)

MoneyLion is a financial technology company, not a bank. RoarMoney℠ demand deposit account provided by, and MoneyLion Debit Mastercard® issued by, Pathward, National Association, Member FDIC. RoarMoney is a service mark of MoneyLion. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International. Funds are FDIC insured, subject to applicable limitations and restrictions, when we receive the funds deposited to your account.

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. Accounts are subject to administrative fee of $1 per month.

1 Under Mastercard’s Zero Liability Policy, your liability for unauthorized transactions on your Card Account is $0.00 if you notify us promptly upon becoming aware of the loss or theft, and you exercise reasonable care in safeguarding your Card from loss, theft, or unauthorized use. These provisions limiting your liability do not apply to debit.” transactions not processed by Mastercard or to unregistered cards

2 The MoneyLion Debit Mastercard can be used for no-fee withdrawals at ATMs in the Allpoint network. Fees may apply for ATM transactions outside this network.

3 Faster and easier access to funds is based on comparison of traditional banking policies and deposit of paper checks versus deposits made electronically and the additional methods available to access funds via a card as opposed to a paper check.

4 Shake ‘N’ Bank and other Rewards are subject to terms and conditions, see here.

5 Instacash is an optional service offered by MoneyLion. Your available Instacash Advance limit will be displayed to you in the MoneyLion mobile app and may change from time to time. Your limit will be based on your direct deposits, account transaction history, and other factors as determined by MoneyLion. See Membership Agreement and help.moneylion.com for additional terms, conditions and eligibility requirements.

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