The digital finance platform MoneyLion has launched RoarMoney, a new demand deposit account powered by MetaBank and featuring Mastercard as the exclusive card network.
Through RoarMoney consumers are provide fast access to their money and secure contactless payment options.
MoneyLion boasts that RoarMoney offers cutting-edge features like two-day early paydays, advanced mobile wallet capabilities, multiple funding options, advanced cybersecurity and near real-time transaction alerts.
RoarMoney users also get access to other MoneyLion member benefits. For instance, they get access to zero-percent APR InstacashSM advances up to $250, the ability to earn cashback rewards from leading retailers when using the MoneyLion Debit Mastercard, and a suite of personal finance tools, including MoneyLion’s Financial Heartbeat, a weekly spending report and more.
“With RoarMoney, we’ve completely reimagined the mobile banking experience by going above and beyond what consumers expect from their banks,” said Dee Choubey, CEO of MoneyLion. “While RoarMoney can be used as a standalone bank account, it’s designed to be its most powerful when used in conjunction with our lending and investing products.
“For example, Instacash, our zero APR cash advance product, works seamlessly with RoarMoney, allowing our customers to tap into a source of short-term financing and access the funds within minutes. And with our easy Auto Invest feature, RoarMoney customers can set up recurring transfers from their RoarMoney account into their MoneyLion Investment account, which offers personalized investment portfolios with no minimums or asset-based management fees.”
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