Bank, borrow,
save and invest.
With no hidden fees.

We offer the products you need to get more from your money every day. With low or zero fees, and 100% transparency. There are no surprises here. Just an incredible value.

We strive to offer the best value in banking.

MoneyLion breaks down the traditional barriers to financial health to help you find a sustainable path to your goals. We build smart financial products that make premium banking, borrowing, credit-building, and investing accessible to everyone.

We are transparent in our fees (the few that we have), and you can read about them below. We believe that we offer the best value in a mobile banking app, and we’re excited for you to join us. Get the tools you need for financial health and happiness today.

How does MoneyLion work?

The MoneyLion mobile banking app offers everything you need to make sense of your money. We offer premium mobile banking with the RoarMoney account, 0% APR cash advances with Instacash, effortless investing and auto investing with the MoneyLion Investment account, and a proven path to build credit with Credit Builder Plus.

Not to mention personal financial tracking with the Financial Heartbeat®! All of this is available in our MoneyLion app.

Moneylion Investment
Builder Plus℠

Get started today.

Our fees are based on which services you choose. For the most part, our products and services are available a la carte, which means it’s like a menu. You choose what works for you, when it works for you, and sign up or apply in the MoneyLion app when you’re ready.

MoneyLion fee schedule

RoarMoney Banking, powered by Pathward®, N.A.

Fee TypeAmount
Monthly administrative fee$1
ATM withdrawal fee (55,000 in-network ATMs)$0
ATM withdrawal fee (out of network)$2.50
Funding via external debit card fee12.5%
Turbo Transfer Fee1.5%
Foreign transaction fee3%
International ATM withdrawal$2.50 + 3%
Expedited shipping for replacement physical card fee (2-3 business days)$25
Bill pay fee (Electronic)$0
Bill pay fee (Paper Check)$2.50

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.

1 Transfers from an external debit card to your RoarMoney account will incur a 2.5% fee to cover processing costs. The fee will be deducted from the transfer amount. Example: If you select to transfer $100, a fee of 2.5% (or $2.50) will be removed from the amount, and $97.50 will be added to your RoarMoney account. The minimum fee is $0.25.

Instacash cash advances

Fee Type Amount
Monthly administrative fee $0
APR 0%
Regular funds delivery fee (1 – 2 business days) to your RoarMoneySM account $0
Regular funds delivery fee (2 – 5 business days) to your external checking account $0
Optional Turbo delivery fee (in minutes)
Disbursement Amount RoarMoney Account External Account
$5 or less $0.49 $1.99
$10 – $25 $1.99 $3.99
$30 – $45 $2.99 $4.99
$50 – $65 $3.99 $5.99
$70 – $85 $5.49 $7.49
$90 – $100 $6.99 $8.99
Optional tip (tips do not affect your eligibility) $0 and up

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 for additional terms, conditions and eligibility requirements.

Managed investment account

Fee TypeAmount
Monthly account fee
Account Value Fee
up to $5,000 $1
over $5,000 to $25,000 $3
over $25,000 $5
Asset-based portfolio management fee$0
Periodic rebalancing fee$0
Trading fees$0

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 disclosures relating to the MoneyLion Investment Account, see Investment FAQs, Form ADV Brochure, and Accounts are subject to a monthly account fee of $1, $3 (accounts valued over $5,000), or $5 (accounts valued over $25,000).

Credit Builder Plus membership

Fee TypeAmount
Monthly membership fee$19.99
Loan principal + APR paymentPrincipal varies: $500 to $1,000
APR varies: 5.99% to 29.99% APR
Credit monitoring fee$0
RoarMoney administrative fee ($1/mo)*$0
(fee is refunded for CB+ members)
Investment account administrative fee ($1/mo)$0
(fee is refunded for CB+ members)

* The RoarMoney administrative fee and the Investment account administrative fee will be refunded for Credit Builder Plus members in good standing (e.g., members who are current on their most recent membership payment).

Credit Builder Plus membership ($19.99/mo) unlocks eligibility for Credit Builder Plus loans and other exclusive services. Credit Builder Plus loans have an annual percentage rate (APR) ranging from 5.99% APR to 29.99% APR, are made by either exempt or state-licensed subsidiaries of MoneyLion Inc., and require a loan payment in addition to the membership payment. The Credit Builder Plus loan may, at lender’s discretion, require a portion of the loan proceeds to be deposited into a reserve account maintained by ML Wealth LLC and held by Drivewealth LLC, member SIPC and FINRA. The funds in this account will be placed into money market and/or cash sweep vehicles, and may generate interest at prevailing market rates. You will not be able to access the portion of your loan proceeds held in the credit reserve account until you have paid off your loan. If you default on your loan, your credit reserve account may be liquidated by the lender to partially or fully satisfy your outstanding indebtedness. May not be available in all states.

Credit Reserve Accounts Are Not FDIC Insured • No Bank Guarantee • Investments May Lose Value. For important information and disclaimers relating to the MoneyLion Credit Reserve Account, see Investment Account FAQs and FORM ADV.

Credit score improvement is not guaranteed. Credit scores are independently determined by credit bureaus, and on-time payment history is only one of many factors that such bureaus consider. Your credit score may be negatively impacted by other financial decisions you make, or by activities or services you engage in with other financial services organizations. MoneyLion is not a Credit Services Organization.