MoneyLion review
Updated October 13, 2026 · DebitCue Editorial Team
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Our verdict
MoneyLion is known for bringing borrowing, banking, investing and money learning together in one finance app. You can track spending, plan bills and explore credit cards, loans and investing side by side, which works well for beginners wanting joined up everyday money management.
Key facts
- Best for
- Beginners wanting everyday banking, borrowing and investing together
- Currency conversion fee
- 3% (Source, checked September 26, 2026)
- Legal entity
- MoneyLion Technologies Inc. (Source, checked September 26, 2026)
- Headquarters
- United States (Source, checked September 26, 2026)
- Founded
- 2013 (Source, checked September 26, 2026)
- Official website
- moneylion.com
Debit cards
- Monthly fee
- $1 (Source, checked September 26, 2026)
- Currency conversion fee
- 3% (Source, checked September 26, 2026)
- Card type
- Debit (Source, checked September 26, 2026)
- Cashback rate
- 1% (Source, checked September 26, 2026)
- Card network
- Mastercard (Source, checked September 26, 2026)
- Legal entity
- MoneyLion Technologies Inc. (Source, checked September 26, 2026)
- Headquarters
- United States (Source, checked September 26, 2026)
- Founded
- 2013 (Source, checked September 26, 2026)
Apps and profiles
- Get the app
- App Store
- Elsewhere
- WikidataXTrustpilot
Pros and cons
Pros
- Combines borrowing, banking, investing and learning in one finance app
- Includes automated goal based investing with stocks and ETFs
- Offers credit building tools alongside bill management and budgeting support
- Provides insurance options for car, home and wider protection needs
Cons
- App centred service with no branch based banking option
- Investing focus on goals, stocks and ETFs narrows wider choice
- Credit card range organised by goals such as travel and rewards
Who it suits
- Beginners wanting joined up banking and borrowing
- People planning bills, saving and investing together
- Learners wanting guided credit and investing tools
Who should look elsewhere
- People wanting branch based banking
- People wanting a single specialist product only
How your money is protected
You manage spending and saving inside the MoneyLion Spend setup, which frames protection as part of everyday banking. Built in security supports your accounts while you track spending and plan for future goals. Credit monitoring alerts and insights help you watch your credit position and stay ahead of changes. Insurance options for your car, home and more add another layer for wider financial progress. The approach links bill management with saving and investing so protection stays connected to daily decisions.
How MoneyLion compares
Frequently asked questions
Which products does MoneyLion cover?+
MoneyLion covers personal loans, credit builder support, credit cards, current accounts and savings accounts. You also find automated goal based investing with stocks and ETFs alongside insurance options. Bill management tools link everyday spending with saving and future planning.
Who is MoneyLion for?+
MoneyLion helps beginners who want borrowing, banking, investing and learning in one place. You can handle bills, track spending and plan goals without switching services. Guided tools and plain explanations support steady everyday money habits.
How does its investing approach work?+
You choose a risk level and MoneyLion manages the automated approach from there. Stocks and ETFs give easy access within that structure. You can view growth and goals together in one place for clearer planning.
What credit building tools does MoneyLion offer?+
Credit Builder Plus helps you work toward a stronger score over time. Credit monitoring alerts and insights help you follow changes and stay informed. Bill management tools sit alongside to support steady everyday money habits with confidence.
What currency conversion fee does MoneyLion charge?+
The currency conversion fee at MoneyLion is 3%. (Source, checked September 26, 2026)
Which company operates MoneyLion?+
MoneyLion is operated by MoneyLion Technologies Inc.. (Source, checked September 26, 2026)
Where is MoneyLion based?+
MoneyLion is based in United States. (Source, checked September 26, 2026)
When was MoneyLion founded?+
MoneyLion was founded in 2013. (Source, checked September 26, 2026)
Sources
- sec.gov/Archives/edgar/data/1807846/000121390022013301/f1... checked September 26, 2026
Backs: Headquarters
“headquarters is located in New York, New York”
- mldocs.moneylion.com/MoneyLion%20DDA%20Terms%20and%20Cond... checked September 26, 2026
Backs: Currency conversion fee
“Foreign Transaction Fee 3% Fee assessed on all purchase transactions - MoneyLion DDA Terms”
- businesswire.com/news/home/20180411006089/en/MoneyLion-Na... checked September 26, 2026
Backs: Founded
“MoneyLion was founded in 2013”
- moneylion.com/checking-accounts/roarmoney checked September 26, 2026
Backs: Cashback rate
“MoneyLion One members earn 1% cash back on all eligible MoneyLion debit purchases - MoneyLion Spend”
- moneylion.com/referrals-terms-and-conditions checked September 26, 2026
Backs: Legal entity
“offered by MoneyLion Technologies Inc.”
- mybanktracker.com/checking/reviews/moneylion-checking-acc... checked September 26, 2026
Backs: Card type, Monthly fee, Card network
“You can use your MoneyLion Debit Mastercard anywhere Mastercard debit cards are accepted”
Compiled from 6 source pages, checked October 13, 2026. We did not open an account.
Not confirmed yet: Annual fee, APR, Rewards type.