5 Apps Like MoneyLion

About MoneyLion

MoneyLion lets you borrow, save and invest within one platform. Dee Choubey founded MoneyLion in 2013. Over 14.5 million bank accounts are connected with Moneyline. It has a jaw-dropping $590 billion transaction volume. Moneyline offers $1,000 cash advances with 0% APR and $250 instant cash without any fees or interest. Moneyline also automatically invests spare changes from every transaction made with it. It also offers credit building loans with 5.99% APR to 29.99% APR. MoneyLion app is available for iOS and Android.

The super fast loan process with minimal or no credit checking, and long enough time band to repay the loan with lower interest rates are the major reasons behind MoneyLions popularity. MoneyLion provides accounts through MetaBank. As the bank is an FDIC member, the money in your checking account is covered by FDIC insurance, up to $250,000. MoneyLion starts free with a zero-fee checking account and an investment account. Premium membership costs $19.99 per month.

5 MoneyLion Alternatives

Instant cash apps are more likely to win the market now. More than half of the US population now lives paycheck to paycheck. This leads to landing money for any instant purpose. And instant cash apps land money within a short time with ease. The limit of available sum also gets higher if the borrower is a regular user of the app. Moneyline is one of those apps. There are more instant cash apps similar to this app.

Here we have listed similar apps like MoneyLion on a single page. We will open up all about the best features, functionalities, and fees of these apps. Stay tuned and take a look at these apps. Let us jump into the list.

1. Earnin

Earnin is an app that gives you access to the pay you've earned - when you want it. Get paid for the hours you've worked without waiting for payday. It offers $100 cash out per day or up to $500 cash out per pay period. It works as a paycheck advance app for on-demand or hourly workers that’s best used for infrequent emergencies. The tool is the perfect option for full-time workers, it will also allow the employees to have the money they have earned already. Most banks charge express fees for transfer transactions, but cashing out with Earnin is free of charge. Earnin has No mandatory fees or interest. Earnin app is available for iOS and Android.

2. Brigit

Brigit is a cash advance and financial health app. It helps everyone to build a better financial future. It offers cash advances, credit building, and more savings. Users can get up to $250 cash advance with Brigit. It has more features like credit monitoring, a score tracker, and full credit reports. You can use this app to get instant cash on your paydays. You can also use this app for budgeting and saving. It has budgeting tools to plan your budgets like identifying and tracking your spending habits, keeping tabs on bills before they arrive. You can achieve saving goals with Brigit. Earnin app is available for iOS and Android.

3. Chime

Chime is a financial technology company that provides fee-free mobile banking services and cash advances. Chime’s feature SpotMe allows eligible members to overdraft up to $200 on debit card purchases with no fees. Whether you need a tank of gas or a cart of groceries, Chime’s got your back. There also is a 0% APR credit builder program. There are no hidden fees for this. You can also set up automatic savings, and make secure online transactions with this app. You can get your paycheck up to 2 days in advance without any hidden fees with Chime. A cash advance is a free feature on Chime, you need to be a premium member for additional features. Earnin app is available for iOS and Android.

4. Possible Finance

Possible Finance: Borrow Money Fast & Build Credit is a credit builder and advanced cash app. This app borrows you up to $500. The installment loan of the app helps build positive credit history. It has a Flexible repayment system so that you can reschedule your repayment in multiple repayments and payday advance alternatives. It charges 15%-30% on each loan. Possible reports loan payments to the three major credit bureaus, Equifax, Experian, and TransUnion. As payments are auto automatic and on-time it helps you build credit. Possible Finance app is available for iOS.

  • 5 Similar Apps Like Possible Finance
  • 5. Empower

    Empower app that connects all your financial accounts into an interesting, intuitive interface. It provides you with the tools to organize your finances. Empower app gets you Cash Advance up to $250 No interest, no late fees, no credit checks. Empower is a financial technology company, not a bank. Banking services are provided by NBC bank, Member FDIC. Empower app is free for the first 14 days. It costs $8 per month to access all of the features. The Empower Card also works with Apple Pay, Google Pay, and Samsung Pay. If you set up a paycheck deposit to Empower, you can get paid 2 days earlier than the payday. Empower card lets you use 37,000 ATM locations across the US for free. Earnin app is available for iOS and Android.

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