MoneyLion Review
All-in-one financial app with cash advances, investing, and credit building. Independent MoneyLion review: 3.7/5 for neobanks.
By Michael Hewitt, Founder & Editor-in-Chief. Rates last checked September 29, 2026.
Our verdict
Instacash advances carry no interest, but limits start at $25 to $100 and only grow with usage history, and Turbo delivery costs $3.99 to $8.99. The Credit Builder Plus loan reports to all three bureaus at $19.99 a month, which is expensive for credit building. Those costs are why the grade isn't higher.
Skip it if you need a large advance right away, or want to buy individual stocks.
About MoneyLion
All-in-one financial app with cash advances, investing, and credit building. MoneyLion is offered by MoneyLion Inc. Our editorial rating is 3.7 out of 5.
Best for: Cash advances combined with credit building and automated investing.
Editorial grade: B (composite score 74/100).
Highlights
- Instacash advances up to $500 with no interest (0% APR)
- Managed investing portfolios with a $1-$5/month account fee
- Credit Builder Plus loans to build credit history ($19.99/month)
- RoarMoney banking account with early direct deposit
What we like
- Cash advances up to $500 with no interest or mandatory fees
- Managed investing charges no management fee, only a $1–$5 monthly account fee
- Credit Builder loans report to all three bureaus
- Rounds up purchases to invest spare change
Where it falls short
- Credit Builder Plus costs $19.99/month, which is expensive for credit building
- Instacash limits start low ($25–$100) and increase with usage history
- Turbo disbursement for Instacash charges $3.99–$8.99
Fees, minimums, and rates
Monthly fee: $0 base / $19.99 Credit Builder Plus per month. Minimum to open: $0. New-customer bonus: Up to $500 Instacash. Rates and fees last checked on September 29, 2026.
How we reviewed it
This is a desk review: we have not opened an account with MoneyLion Inc.. It is built from MoneyLion Inc.'s published rates, fee schedule and terms and from the public complaint record, and compared with the other products in the Neobanks shortlist. Our money-app reviews weight cost (25%), accuracy and reliability (25%), data security (20%), usefulness (20%), and customer support (10%). The rubric is the same for every brand.
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Read our full editorial methodology for how we review products.