How does MoneyLion cash advance work?

Download the MoneyLion app and follow these steps:

1. Sign in: Create or log in to your MoneyLion account.
2. Access Instacash: Find Instacash from the Finances tab or Home screen.
3. Link account: Connect your paycheck bank account or an eligible MoneyLion Spend/RoarMoney account.
4. Verify eligibility: Complete identity verification and ensure you have qualifying recurring direct deposits.
5. Check limit: See your available Instacash advance limit in the app.
6. Request amount: Choose how much to borrow within your limit.
7. Select delivery: Pick standard delivery (free, 1–5 business days) or Turbo delivery (within minutes), and add an optional tip if you want.
8. Confirm: Review repayment details and confirm your request.
9. Receive funds: Get your cash advance in your selected account.
10. Repay: Pay back the advance by the scheduled date, usually your next direct deposit.

With MoneyLion, you can get your cash advance within minutes if you choose the Turbo delivery option, which comes with a fee that varies based on the advance amount and destination. If you opt for the standard transfer, the money will arrive in 1 to 5 business days at no extra cost. Funds can be sent to an external bank account, debit card, or MoneyLion’s own Spend or RoarMoney accounts.

Out of the recent reviews we analyzed, MoneyLion users have mixed experiences with funding speed:

• Quick access: Many users report receiving funds quickly, often within minutes or the same day, especially through the Instacash feature. Some mention the app being “fast,” “easy,” and “right on time” when they needed cash urgently.
• Delays and issues: Several users complain about delays of up to 5 days or more, with some never receiving the funds they requested. Problems include funds being held in app accounts requiring extra fees or wait times to transfer to bank accounts, and difficulties with instant cash not arriving despite showing as processed.
• Multiple transactions needed: Users note that advances are often split into $100 increments, requiring multiple transactions and fees if they want instant transfers, which can be tedious and slow down access to the full amount.
• Customer service struggles: When funding issues arise, users frequently report poor or unhelpful customer support, making it harder to resolve delays or missing funds.

Overall, while many find MoneyLion’s funding speed acceptable for quick cash needs, a significant number experience frustrating delays and complications accessing their money.