Everything you need to know about MoneyLion
If you’re looking for a new bank or financial app, MoneyLion might be right up your street. The service offers different financial services, including mobile banking, savings programs and credit-building assistance. In this article we will help you to get started In this amazing app.
What is MoneyLion?
The Financial Service Provider (FSP) launched MoneyLion in 2018 as an app designed to provide simple and secure digital banking features, helping users build their wealth. You can open a virtual account with MoneyLion by registering with an email address and verifying your identity. You’ll need to have a verified phone number and upload a photo of a government issued ID to set up an account, but there’s no proof of income required.
Once this registration process is complete, MoneyLion will send you a code that you enter into its website to unlock your account. Once inside, you can access your account through a web browser, or download the mobile app from the Google Play Store or the Apple App Store.
Even though all basic features of this app are quite amazing, getting a MoneyLion Plus subscription gives you more flexibility, allowing you to add additional features, such as mobile payments and credit building.
Is MoneyLion the best bank and financial app?
MoneyLion has been rated 4 out of 5 stars by over 3 million customers, so it has plenty of fans. It’s also been featured in the BBC’s TechRadar’s Best Apps Of 2019 list, so this app boasts a strong reputation for security and reliability, which is important when dealing with sensitive data like your own finances.
Another advantage of using MoneyLion is its simplicity. You won’t find all the bells and whistles of other banks or financial services, like high interest rates and rewards schemes. Instead, it offers straightforward tools that help you save, manage and grow your money.
Some MoneyLion reviews
Some MoneyLion critics have stated that the app isn’t user-friendly enough. They say that navigating the service can be tricky, especially if you’re not familiar with online banking. Other customers have complained that opening an account takes far too long. It can take as much as five days before your MoneyLion account is ready to go. This delay is frustrating when you’ve just spent time setting up a brand new account.
Despite these issues, MoneyLion is highly recommended for anyone who wants to save and invest. Its low fees and easy-to-use tools make it suitable for beginners and experts alike.
How to make money using MoneyLion?
There are two ways to make money with this app: by saving or investing. You’ll earn interest on your existing funds, or you can pay a fee to start a new savings program. Saving money is free with MoneyLion, but you can upgrade to a Plus subscription to earn extra interest.
In this case, you need to pay a monthly fee, but you can use the 60-day trial period to transfer money you already have to your MoneyLion account and start enjoying the highest possible rate of interest during this test period. At the end of your trial, you can either cancel or continue paying the monthly fee, but you don’t have to wait until the end of the trial period to decide whether you want to keep the service.
In order to start earning money, you first need to open a savings account. It doesn’t matter where your money comes from, as long as you deposit at least $25 into your new account. When you do this, MoneyLion will give you 10% back in interest, which means you’ll receive $10 every year thanks to your initial investment.
However, if you choose to pay MoneyLion a fee instead, you won’t see any interest returns. In fact, the only thing you’ll get is a one-off bonus of $50. This is an easy way to make some quick cash, but it’s not going to be worth your while unless you have a large amount of money to begin with.
How to create an account on MoneyLion?
Your MoneyLion account needs to be linked to your bank accounts. To do this, you’ll need to sign up with the bank or credit union that holds your current accounts. Then, follow the bank/credit union link on MoneyLion and log in with your username and password. After doing this, you’ll be asked to verify your identity.
To confirm your details, you’ll scan a barcode, or upload a government-issued ID picture using your smartphone camera. You can also enter your PIN number and answer security questions. Once verified, you’ll be able to open your account.
Another way to create an account is by using a Non VoIP number to verify it, instead of using your real number. This is quite helpful for those who seek to protect their personal information from database leaks or any other potential danger that apps could face.
What are Non VoIP numbers?
They are not the same as traditional telephone landline numbers. Rather than being used to call people, they’re commonly used to receive text messages to verify online platforms, which is why they are disposable and guarantee safety to internet users.
How to use Non VoIP numbers for MoneyLion?
Major Phones is truly recognized for selling US Non VoIP numbers to successfully verify MoneyLion. All you need to do is to enter on the app the number provided by us. Wait until it sends you the verification code to our website and just use it to complete your registration process.
If you’re looking for a new bank or financial app, MoneyLion might be perfect for you. It offers a range of helpful tools that appeal to both beginners and pros. There are lots of other great options out there, such as PayPal, Venmo or CashApp, but none of them compares to MoneyLion. Go ahead and check it our yourself! Sign up now.