MoneyLion Cash Advance Review

Best for Building Eligibility

4.5 _/5

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Cash Advance

• Cash advances up to $500 for external bank account holders
• Cash advances up to $1000 to RoarMoney customers with qualifying direct deposits
• No interest or mandatory fees
• No credit check

• Optional Turbo delivery (within minutes) costs between $0.49 and $8.99
• $1000 advances to RoarMoney account transferred in increments of $100 at a time
• No longer offers free trial

Funding	Up to $500 to external accounts; Up to $1000 with RoarMoney account and qualifying direct deposits
Speed of advance	Turbo with a fee or 1 to 5 business days for free
Fees	$0.49 to $8.99 for Turbo advances

Founded in 2013, MoneyLion began with a mission to help Americans who may not have access to traditional banking opportunities. It uses technology to provide low-cost (or even free) financial services without credit checks that may typically prevent borrowers from qualifying for funding.

In addition to a MoneyLion cash advance, the company offers a marketplace to find offers for credit cards, personal loans, credit builder loans, auto and student loan refinancing, investment accounts, and savings accounts. MoneyLion offers access to higher cash advance limits but heftier fees for Turbo funding. We recommend weighing your options to find the best fit. 

How a MoneyLion cash advance works 

MoneyLion’s Instacash cash advance lets you request up to $500 in advances before your payday. There’s no credit check and you won’t pay interest on the outstanding funds. Instead, MoneyLion charges a one-time fee, for optional expedited delivery, ranging from $0.49 to $8.99, depending on the disbursement amount and the type of account the money goes to. 

Lower fees for expedited delivery are reserved for those who disburse funds to a RoarMoney mobile banking account from MoneyLion. And if you add qualifying direct deposits to that account, you can get cash advances up to $1,000.  

Term	Details
Advance amounts	Up to $500 with external account; up to $1,000 with qualifying direct deposits into RoarMoney account; $100 maximum increment for each disbursement.
Fees	Up to $8.99 for Turbo delivery; free with standard delivery
Repayment time	MoneyLion schedules a one-time repayment date
Funding time with a fee	Within minutes
Funding time without a fee	1 – 5 business days

It’s free to get a cash advance with standard delivery, but it will take up to five business days to arrive in your account. Depending on how time-sensitive your financial needs are, you may upgrade to the faster delivery, which comes with fees up to $8.99 depending on the advance amount. 

There aren’t any restrictions on how you can use the funds. And while you’ll only be charged a single flat fee for each disbursement if you choose Turbo delivery, MoneyLion will ask if you would like to leave an optional tip of any amount. Tipping will not affect your eligibility or limits.

MoneyLion sets the repayment date and usually corresponds with your next payday. The entire cash advance amount is automatically deducted from your linked bank account. Even though MoneyLion does not charge overdraft fees, you could incur overdraft fees if you don’t have enough money in the linked account on the repayment date. 

Additionally, not repaying your cash advance from MoneyLion won’t hurt your credit since it’s not a loan. However, you won’t be able to take out any other advances until you repay outstanding balances. 

Who’s eligible for a MoneyLion cash advance? 

Eligibility for a MoneyLion cash advance primarily depends on your current bank account. You’ll need to demonstrate regular deposits, whether via check or direct deposit. It also needs to be an active account. 

Your account must be in good standing if you’ve used any other financial product from MoneyLion. For instance, you can’t have any late or missed payments with the MoneyLion Credit Builder loan.

These requirements are similar to other cash advance companies, but not always identical. Some companies have specific employment requirements, while MoneyLion doesn’t give a minimum timeline for working at a specific job. 

But like MoneyLion, most cash advance companies require you to link to a bank account for automatic repayment. Most also skip the credit check process since a cash advance isn’t a loan and isn’t reported to the credit bureaus. 

Requirement	Details
Checking account	Must be used within the last 60 days, receive regular paychecks or direct deposits, and be registered under your name
MoneyLion accounts	Any existing accounts with MoneyLion must be in good standing
Credit check	None required

How does MoneyLion compare to other cash advance apps? 

Here’s how MoneyLion stacks up against its competitors. 

App	Advance amounts	Fastest funding + fee
EarnIn	Up to $750 per pay period; $150 per day maximum	Free for standard speed (1 to 3 business days), $2.99 to $4.99 for Lightning Speed
Brigit	Up to $250	Free for standard speed (2 to 3 business days), up to $3.99 for express delivery
Dave	Up to $500	$3 – $25 depending on speed and receiving account
Empower	Up to $250	Funds within 2 hours, $8 monthly fee

MoneyLion is competitive when it comes to the maximum cash advance amount available. Customers with an external account can advance up to $500, but that limit jumps as high as $1,000 have recurring direct deposits into a linked RoarMoney banking account.

The maximum fee at MoneyLion, however, is $8.99 for each $100 transfer. That’s hefty. There are some cash advance companies with lower costs even with fast delivery. EarnIn, for instance, charges up to only $4.99 for $150.

Depending on your banking needs, you may benefit from getting an account with MoneyLion to link to your cash advance easily. It’s an easy way to save on some of those fees, or it may be worth exploring other options listed here.

Should you use MoneyLion’s cash advance app? 

There are both pros and cons to using MoneyLion’s cash advance app. For starters, it has larger cash advance amounts than your other options. So it’s a good place to start if you need more cash for a specific purpose.

MoneyLion also tries not to cause overdrafts from your account. Instead, the company tries to debit partial amounts if the total amount isn’t available. If you’re worried about automated repayments triggering overdraft fees, MoneyLion may be a safer bet than others.

On the downside, the fees are quite high if you need cash quickly. It may be worth exploring other options that have cheaper Turbo funding fees. Also, you’ll need proof of regular paychecks in your bank account. If you have inconsistent income, you may not qualify. 

How to get a MoneyLion cash advance

You can sign up for a MoneyLion account online or by downloading the MoneyLion app. But if you use the website, you can only request a cash advance of up to $100.

Once you’re logged in, you must link your bank account. Use the one where you receive your paycheck so that MoneyLion can confirm your income deposits. Eligible income sources include payroll, government benefits, and pension payments. 

From there, you’ll enter your personal details to verify your identity and select a cash advance amount. If you qualify, you can select your delivery timeline, which can take minutes or days, depending on whether want to pay the optional Turbo delivery fee.

Also note that even if you qualify for a larger amount, MoneyLion has a limit of $100 per disbursement. You can still access the funding up to your limit, but you have to make a separate request for each advance (and pay a separate fee each time you want Turbo delivery).  

You also have the option to pay a tip. It’s not mandatory, but MoneyLion says it helps keep Instacash running. Funds are delivered to your connected account and your repayment date is scheduled for automatic withdrawal.  

Is MoneyLion a reputable lender?

Source	Customer rating	Number of reviews
Trustpilot	4.5/5	27,778
Google	4.5/5	111,000
Better Business Bureau	4.69/5	3,604

MoneyLion gets high reviews across multiple review platforms — and in large volumes of customers as well. People note that there are no surprise fees, full transparency, and the customer service team is friendly and helpful.

One complaint pointed out that it takes a few direct deposits to access the higher Instacash limits, which wasn’t advertised in the initial offer when switching to a RoarMoney account.

It’s also worth noting that the Consumer Financial Protection Bureau (CFPB) sued MoneyLion in September 2022 for alleged violations of the Military Lending Act. However, the lawsuit has been paused while the Supreme Court is set to rule on the CFPB’s funding structure. 

MoneyLion cash advance FAQ

What other products does MoneyLion offer?

MoneyLion offers various financial products and services apart from cash advances. Its product line includes personal loan offers and a credit builder loan designed to help customers improve their credit. 

Will MoneyLion’s advance cause an overdraft fee?

A MoneyLion cash advance is designed to avoid triggering overdraft fees. You can schedule their repayment to align with your next paycheck to ensure sufficient funds are in place. If a balance is insufficient, MoneyLion does not charge an overdraft but you will not be eligible for additional cash advances until you repay the balance.

How do you contact MoneyLion customer service?

You have several options to contact MoneyLion’s customer service. You can use the live chat feature on its website for immediate assistance. 

You may also contact MoneyLion via its customer service phone number, available Monday through Sunday. An email service option is also available for non-urgent inquiries.

What happens if you don’t pay MoneyLion back?

It’s essential to take your repayment obligations seriously. If you fail to repay your cash advance, MoneyLion might suspend your access to further cash advances. We recommend contacting MoneyLion’s customer service if you can’t repay your cash advance.

How we rated MoneyLion

We designed LendEDU’s editorial rating system to help readers find companies that offer the best cash advance apps. Our system awards higher ratings to companies with affordable solutions, positive customer reviews, and online transparency of benefits and terms.

We compared MoneyLion to several cash advance lenders, using hundreds of data points from company websites, public disclosures, customer reviews, and direct communication with company representatives. We weighted, scored, and combined each factor to produce a final editorial rating. This rating is expressed on a scale from 1 to 5, with 5 being the highest possible score. Our take is represented in our rating and best-for designation, recapped below.

Product	Best for	Rating
MoneyLion cash advance	Best for building eligibility	4.5/5