MoneyLion 101: Are You Eligible For MoneyLion?

MONEYLION 101

Are you eligible for MoneyLion?

Financial independence is a right that everyone, regardless of history, deserves. At MoneyLion, we make it easy for you to borrow, save, invest and earn on your terms.

What banks work with MoneyLion?

MoneyLion has a broad array of industry affiliations. Our premier partner, MetaBank, N.A., member FDIC, issues the MoneyLion Debit Mastercard® and RoarMoney℠ virtual card, and holds the funds deposited in RoarMoney accounts. You are always free to link MoneyLion to the checking or spending account of your choice.


Want to build your credit score? A Credit Builder Plus loan may be just what you’re looking for. To qualify, we have to verify your employment status, transaction history, and income. To learn more, check out our guide, Is Bank Verification Required, And Why Do You Need It?, at the Help Desk.

Can MoneyLion Credit Builder Plus help me build my credit?

According to the big-three credit bureaus (Equifax, Experian, TransUnion), payment history accounts for 35% of your FICO credit score. Unfortunately, it can be difficult to establish a payment history if you’re just starting out or have gone through rough financial times. Don’t worry ― MoneyLion’s Credit Builder Plus has you covered.

Credit Builder Plus is MoneyLion’s signature lending program, and it’s designed to help participants build or repair their credit. With Credit Builder Plus, you have the opportunity to create a payment history while saving money in the process. For more information, take a few minutes and read What Is The Credit Builder Plus Program?

How do I qualify for a MoneyLion Credit Builder Plus membership?

Unlike conventional loans, qualifying for a Credit Builder Plus membership is fast and easy. Simply apply through the MoneyLion app and we’ll handle the rest. When you apply, we will conduct a soft credit pull that will not affect your credit score. You don’t need good credit to be eligible. You can even apply if you don’t have any credit history at all

To be considered for a Credit Builder Plus membership, you must be at least 18 years old, a permanent resident or citizen of the United States, have a Social Security number, and possess a bank account, debit card, or prepaid card. After linking a valid checking or spending account, MoneyLion will quickly check to see:

  • Is the account in good standing?
  • Has the account been open for 60 days?
  • Does the account have an acceptable balance and transaction history?

You’ll get a final decision in seconds, directly on your MoneyLion app!

If you’re having trouble getting approved for Credit Builder Plus, there are a few things you can do to help improve your chances. First, be sure that your personal account information is accurate and matches public records. Second, try again with a more established checking/spending account.

How do I qualify for Instacash℠ advance?

Running a little short on cash? With Instacash, you can receive up to $250 any time — with no interest, no monthly fee, and no credit check. To activate Instacash, we first need to verify your checking account and identity. After that, you can request cash advances, all at 0% APR.

Get started with MoneyLion Today!

MoneyLion members reap the rewards of RoarMoney, Instacash, and Credit Builder Plus. The biggest advantage just might be convenience, because it only takes seconds to get started with MoneyLion.

Ready to get more from your money? If so, you’re not alone. Six million members are already cashing in on MoneyLion’s vision of personal and mobile banking. Join them and take control of your financial future with a MoneyLion account today!

MoneyLion will work with you ― to make your money work for you!