How to Close Your MoneyLion Investment Account

INVESTMENT ACCOUNT

Closing Your MoneyLion Investment Account

With the MoneyLion Investment Account, processing a withdrawal of your full account balance is easy. After all, it’s your money. All you have to do is submit a withdrawal request. After that, we liquidate your active positions (some or all, depending on your withdrawal amount) and transfer proceeds into the account you’ve designated.

With the MoneyLion Investment Account, processing a withdrawal of your full account balance is easy. After all, it’s your money. All you have to do is submit a withdrawal request. After that, we liquidate your active positions (some or all, depending on your withdrawal amount) and transfer proceeds into the account you’ve designated.

The entire process to liquidate your account and receive your funds may take up to 7-10 business days, depending upon the request time and ETF settlement procedures. If your withdrawal is headed to a RoarMoney account, your funds may be available 1-3 days sooner.

If you have other questions related to withdrawing funds to close your MoneyLion Investment account, please see our FAQs or chatbot. Our chatbot is a quick, efficient way to get support from MoneyLion. The chatbot is accessible on the home screen of the MoneyLion app or at the bottom-right corner of your computer’s web dashboard once you’ve logged in. 

AUTO INVEST

How to Stop Your Auto Invest, Step By Step

For Auto Invest users, temporarily pausing or cancelling services in the MoneyLion app is straightforward:

  1. From your MoneyLion app home screen, tap the Finances tab,  and then tap on your MoneyLion Investment Account.
  2. Scroll half way down the page and click Auto Invest to update your deposit schedule.
  3. To pause Auto Invest, toggle the Active button from ON to OFF. You may also see the option to “Skip” Auto Invest if you want to skip your upcoming Auto Invest deposit. 
  4. To cancel Auto Invest completely, click Delete Auto Invest.
  5. A pop-up notification will appear stating that Auto Invest is paused, cancelled, or skipped.

Remember that although you may pause or cancel your Auto Invest service, the investment account remains open. When you’re ready, simply turn Auto Invest back on and you’re in business.

As a general financial rule, all loans or revolving lines of credit must be paid in full before you can settle an account. MoneyLion’s lending services are no different ― you may need to meet any outstanding financial obligations before making a final withdrawal and closing your account.

Reactivation Is Only a Few Clicks Away

In life, things change. While investing may not fit your life today, tomorrow’s another day. When you’re ready to resume putting your money to work, reactivating your MoneyLion Investment Account is easy. Simply log in to the MoneyLion homepage or app, fund, and choose your preferences.

For additional help restarting your account, contact Live Support from 9 am to 7 pm ET, Monday-Friday. 

Questions?

What Is a MoneyLion Investment Account?

For many, investing hard-earned money is a daunting task. Finding the ideal combination of assets ― be it stocks or bonds ― takes time, effort, and expertise. Fortunately, the MoneyLion Investment Account was designed to level the playing field. No matter your age, experience level, or background, you can pursue your financial goals like a Wall Street pro.

The MoneyLion Investment Account gives clients an opportunity to build a diversified portfolio of low cost equities and fixed-income exchange-traded funds (ETFs) giving you exposure to investments across different asset classes, sectors and geographies. And unlike with traditional portfolios of expensive mutual funds, we’ll rebalance and oversee your holdings with zero management fees.

Perhaps the two greatest benefits of the MoneyLion Investment Account are flexibility and control.

At any point in time, you have the flexibility to transfer any amount of capital into your account. Then, the proceeds are allocated to a portfolio tailored to your personal risk tolerance and investment objectives.

For optimal control, you may view and adjust your portfolio, as deemed fit. If you’re strapped for time, our Auto Invest feature can consistently allocate funds on a constant schedule. With the MoneyLion Investment Account, simply add money and relax ― we do the heavy lifting for you.

We created the MoneyLion Investment account with one goal in mind: to help all of our members grow their money steadily over time. Whether you’re an involved or hands-off investor, our managed investment services furnish you with the utmost in flexibility, control, and convenience.

What Types of Investment Accounts Are Available?

One of the great things about investing with MoneyLion is simplicity. You don’t need to open multiple accounts or consult with fund managers to pursue your financial objectives. The MoneyLion Investment Account is a robust, streamlined platform designed to fulfill all of your investing needs.

There are perks to being able to engage the capital markets via a single account. MoneyLion Investment clients benefit from no asset-based management fees and no minimum balance. They also enjoy advanced features such as thematic and auto-investing. With thematic investing, you can seamlessly purchase ETFs that reflect your interests, including socially responsible investments or investments in disruptive trends. With auto-investing, you can set up recurring deposits on a schedule of your choices, such as $25 per month or $10 a week. 

Stocks? Bonds? ETFs? The world of finance has a language all of its own. For more information about MoneyLion’s investment methodologies, check out the Help Center title How Is My Money Invested? You’ll quickly get up-to-speed on the assets, procedures, and functionalities local to your MoneyLion Investment Account.

For more information, visit our full FAQs.