MoneyLion’s Instacash feature offers interest-free (but not entirely fee-free) cash advances of up to $500 for consumers with a steady income and positive banking history. If your checking account has been open for at least 60 days and receives regular direct deposits, you may qualify for an advance. By opening a RoarMoney℠ account and setting up qualifying direct deposits, you can boost your Instacash limit up to $1,000.

Standard delivery of the advance is free and takes 1–5 business days, but if you need the money immediately, you can opt for the Turbo delivery option. Turbo fees range from $0.49 to $8.99, depending on the amount and whether the funds are sent to a RoarMoney℠ account or an external bank account.

There are no monthly fees to use the MoneyLion app, but you might be encouraged to leave an optional tip. If you’re interested in additional features like mobile banking, credit-building loans, investment services, cashback rewards, and budgeting tools, MoneyLion offers these through the app without any mandatory fees.

MoneyLion might work well for you if:

• Need quick cash: You need access to extra funds up to $500 (or up to $1,000 with a RoarMoney℠ account) without paying any interest or mandatory fees.
• Avoid overdraft fees: You want to prevent overdrawing your account before your next paycheck arrives.
• Flexible repayment: You appreciate automatic repayment scheduled on your next direct deposit, making it hassle-free.
• Regular income: You have a checking account that's been open for at least 60 days and receives regular direct deposits from eligible sources.
• Financial tools: You're interested in additional features like mobile banking, investment services, and credit-building loans.

When MoneyLion might not be a good fit:

• Instant delivery fees: If you need your cash instantly, the Turbo Fees for expedited delivery can add up, especially when transferring to an external checking account.
• Eligibility requirements: If you don't have an active checking account with regular direct deposits or your account has been open for less than 60 days.
• Maintaining account balance: If you struggle to maintain a positive balance in your bank account, as this is required for eligibility.

There are a few main criteria that will make you eligible for a cash advance from MoneyLion:

1. Checking account: Have an active checking account open for at least 60 days under your name; savings or money market accounts are not eligible.
2. Direct deposits: Receive regular direct deposits from eligible sources like payroll income, government benefits, pensions, or contractor income. There should be at least three recurring deposits from the same payer on a consistent schedule (weekly, bi-weekly, semi-monthly, or monthly).
3. Positive balance: Maintain a positive account balance without frequent overdrafts; your account shouldn't be overdrawn when requesting a cash advance.
4. Repayment history: Any previous Instacash® advances must have been repaid in full, including any associated fees like Turbo Fees.
5. Account in good standing: If you're a Credit Builder Plus member, your account must be in good standing with no late or missed loan payments.
6. Verifiable deposits: MoneyLion must be able to detect eligible direct deposits into your linked account, and you may need to verify your account ownership. MoneyLion will then determine your eligibility and the maximum cash advance they can offer you, up to $500, or up to $1,000 if you have a RoarMoney℠ account with qualifying direct deposits. No credit checks are required for Instacash® advances.

You can receive your cash advance for free with standard delivery, which takes 1–2 business days if you're using a RoarMoney account, or 2–5 business days for an external checking account.

If you need the money sooner, you can opt for Turbo delivery to get your funds in minutes. The Turbo fee depends on the amount and where it's sent. For transfers to a RoarMoney account, fees range from $0.49 to $6.99—for example, $1.99 for advances of $10–$25, $3.99 for $50–$65, and $6.99 for $90–$100. For transfers to an external checking account, fees range from $1.99 to $8.99.

Tipping is optional and starts at $0—you decide if and how much you want to tip.

MoneyLion will automatically collect the repayment on your scheduled date, usually when your next paycheck arrives. Keep in mind:

1. Automatic repayment: the amount owed, including any optional Turbo Fees and tips, will be debited from your linked account on the scheduled date.
2. Early repayment: you can choose to repay early through the MoneyLion app if you prefer.
3. Insufficient funds: if there aren't enough funds, MoneyLion may attempt partial repayments and retry until the full amount is repaid.
4. New cash advances: you won't be able to take another Instacash advance until your current balance is paid off.

On top of the cash advances that MoneyLion offers, there are a few other features that you might find useful.

RoarMoney℠ Mobile Banking

MoneyLion provides a mobile banking account called RoarMoney℠ with no fees. With RoarMoney℠, you can get paid up to 2 days early if you set up direct deposit. Plus, if you have recurring direct deposits, you might increase your Instacash limit up to $1,000. You'll receive a MoneyLion Debit Mastercard® with benefits like cell phone insurance and travel protection. Additionally, the Round Ups feature lets you automatically invest your spare change into investment accounts.

Credit Builder Plus

Need to build your credit? MoneyLion's Credit Builder Plus program offers loans up to $1,000 designed to help boost your credit score over time. You don't need a credit check to access these loans. By making on-time payments, which are reported to credit bureaus, you can improve your credit score. They also have a personal loan marketplace where you can explore loan offers from partners, with flexible terms ranging from 12 to 84 months and APRs from 5.99% to 35.99%.

Investment Services

With MoneyLion, you can open and manage investment accounts directly through the app. You can invest in stocks and cryptocurrencies (availability may vary). The Round Ups feature helps you invest effortlessly by automatically investing your spare change from purchases.