What Is a RoarMoney Account?

A RoarMoney account is a digital demand deposit account offered by MoneyLion, powered by MetaBank, N.A., and featuring Mastercard as the exclusive card network. Here are the key features and benefits:

Table of Contents

Key Features:

Digital Banking: RoarMoney is an online checking account that can be managed entirely through the MoneyLion mobile app .
FDIC Insurance: Deposits are FDIC-insured, providing security for users’ funds .
Zero Minimums: There are no minimum balance requirements to open or maintain a RoarMoney account .
Low Fees: The account has a $1 monthly administrative fee, with no overdraft fees. However, there are fees for out-of-network ATM withdrawals and other specific transactions .

Benefits and Features:

Early Paydays: Users can receive paychecks up to two days early with direct deposit .
Zero-Percent APR Cash Advances: Access to Instacash, a zero-percent APR cash advance product, up to $1,000 .
Price Protection: A Mastercard-sponsored insurance benefit that offers refunds for price differences up to $250 per claim, up to four times per year .
Contactless Payments: The MoneyLion Debit Mastercard offers Tap & Go contactless payments and mobile wallet functionality .
Shake ‘N’ Bank Rewards: Users can earn surprise cashback rewards by shaking their phone after eligible purchases, with rewards deposited into their MoneyLion investment account .
Security Controls: Robust protection against unauthorized purchases, including card lock/unlock features and transaction alerts .
Spending Tracker: Tools to monitor spending and budgets, providing weekly reports on financial health .

Additional Services:

Investment Options: Integration with MoneyLion’s investment platform, allowing users to set up recurring transfers into their investment accounts .
Credit Building: Access to Credit Builder Plus, a membership designed to help build or repair credit .
ATM Access: No-fee withdrawals at approximately 55,000 Allpoint ATM network locations .

Overall, RoarMoney is designed to provide a comprehensive mobile banking experience with various financial tools and rewards, making it a versatile option for users seeking a modern banking solution.

What Are the Pros and Cons of RoarMoney?

Here’s a table summarizing the pros and cons of a RoarMoney account:

Pros of a RoarMoney Account	Cons of a RoarMoney Account
No Monthly Maintenance Fees	Limited ATM Network
Early Access to Direct Deposits	Potential Overdraft Fees
Cashback Rewards on Purchases	Limited Customer Support Availability
Seamless Integration with MoneyLion Features	No Physical Branches
Virtual Card Option Available	Possible Transfer Delays
Real-Time Spending Alerts	Limited Account Customization
Mobile App with Financial Tools	Withdrawal Limits May Apply
Fee-Free Transactions at In-Network ATMs	Lack of Interest Earnings on Balance
Budgeting and Spending Analytics	Foreign Transaction Fees
Access to RoarMoney Virtual Card for Online Security	Not Ideal for Large Cash Deposits

A RoarMoney account is a digital demand deposit account offered by MoneyLion, powered by MetaBank, N.A., and featuring Mastercard as the exclusive card network. This account provides users with advanced mobile banking features, including:

Early Paydays: Users can receive paychecks up to two days early with direct deposit .
Zero-Percent APR Cash Advances: Access to Instacash, offering zero-percent APR cash advances up to $1,000 .
Advanced Mobile Wallet: The account includes advanced mobile wallet capabilities and multiple funding options .
Robust Security: Features include ID theft monitoring, protection against unauthorized purchases, and near real-time transaction alerts .

How Does RoarMoney Transfer Work?

RoarMoney transfers work seamlessly through the MoneyLion app. Users can deposit funds via:

Direct Deposit: Set up recurring direct deposits to receive paychecks up to two days early .
Transfers from Linked Accounts: Transfer funds from other linked bank accounts or external accounts.
Mobile Check Deposit: Deposit checks using the mobile app.
Cash Deposits: Deposit cash at certain Green Dot locations.

Why Did I Receive a RoarMoney Card in the Mail?

You received a RoarMoney card in the mail because it is part of the account setup process. When you sign up for a RoarMoney account, you automatically receive a physical MoneyLion Debit Mastercard, as well as a virtual card that you can use immediately .

How Do You Close a RoarMoney Account?

To close a RoarMoney account, you need to contact MoneyLion’s customer service directly. They will guide you through the process of closing your account, ensuring that all outstanding balances are settled and any necessary steps are taken.

Which Bank Is Associated with RoarMoney?

RoarMoney is associated with MetaBank, N.A., a federally chartered bank that provides the banking services behind the RoarMoney account. This ensures that deposits are FDIC-insured .

How Can You Cancel a RoarMoney Account?

To cancel a RoarMoney account, you must contact MoneyLion’s customer service. They will assist you in closing the account and resolving any outstanding issues.

What Are the Features of a RoarMoney Account?

The features of a RoarMoney account include:

Early Paydays: Receive paychecks up to two days early with direct deposit .
Zero-Percent APR Cash Advances: Access to Instacash, offering up to $1,000 in zero-percent APR cash advances .
Advanced Mobile Wallet: Includes contactless payments and mobile wallet functionality .
Price Protection: Refunds for price differences up to $250 per claim, four times per year .
Cashback Rewards: Earn cashback rewards from leading retailers when using the MoneyLion Debit Mastercard .
Spending Tracker: Tools to monitor spending and budgets, including weekly spending reports .

How Would You Review a RoarMoney Account?

A review of a RoarMoney account would highlight its convenience, advanced features, and fee transparency. Users appreciate the early paydays, zero-percent APR cash advances, and robust security features. However, some users may note the $1 monthly administrative fee and potential fees for out-of-network ATM withdrawals .

How Do You Contact RoarMoney Customer Service?

You can contact RoarMoney customer service through the MoneyLion app, by phone, or via email. The app provides multiple ways to get help, including in-app conversations and customer service contact options .

How Do You Log In to Your RoarMoney Account?

To log in to your RoarMoney account, download the MoneyLion app, enter your login credentials, and access your account dashboard. If you’re new, you’ll need to sign up and provide basic identification information .

What Banking Services Does RoarMoney Offer?

RoarMoney offers a range of banking services, including:

Digital Checking: A digital demand deposit account with no minimum balance requirements .
Direct Deposit: Receive paychecks up to two days early .
Mobile Wallet: Advanced mobile wallet capabilities and contactless payments .
Cash Advances: Access to zero-percent APR Instacash advances .
Investment Options: Integration with MoneyLion’s investment platform for recurring transfers .

How Does the RoarMoney App Work?

The RoarMoney app works by providing users with a comprehensive mobile banking experience. Key features include:

Account Management: Manage your account, track spending, and set up direct deposits .
Mobile Wallet: Use contactless payments and mobile wallet functionality .
Cash Advances: Access Instacash and other financial tools .
Security Controls: Lock/unlock card features and transaction alerts .

How Do You Sign Up for RoarMoney?

To sign up for RoarMoney, follow these steps:

Download the App: Get the MoneyLion app from the App Store or Google Play.
Create an Account: Sign up and provide basic identification information.
Link Your Bank Account: Connect your checking account to see if you qualify.
Set Up Direct Deposits: Arrange for recurring direct deposits to access full features .

Is RoarMoney Considered a Checking Account?

Yes, RoarMoney is considered a digital checking account. It offers many of the same services as a traditional checking account but is managed entirely through the MoneyLion app .

What Bank Is Behind the RoarMoney Account?

The bank behind the RoarMoney account is MetaBank, N.A., a federally chartered bank that ensures deposits are FDIC-insured .

What Is a RoarMoney Virtual Card?

A RoarMoney virtual card is a digital version of your MoneyLion Debit Mastercard. You receive it immediately upon signing up, allowing you to start using your account right away before the physical card arrives .

What Is the Name of the Bank That Supports RoarMoney?

The bank that supports RoarMoney is MetaBank, N.A., ensuring that deposits are FDIC-insured .

How Does the RoarMoney Card Function?

The RoarMoney card functions as a standard debit card with additional features:

Contactless Payments: Tap & Go contactless payments .
Mobile Wallet: Integration with mobile wallets .
Price Protection: Refunds for price differences up to $250 per claim, four times per year .
Security Features: ID theft monitoring and protection against unauthorized purchases .

What Is the Withdrawal Limit for a RoarMoney Account?

The withdrawal limit for a RoarMoney account is not explicitly stated, but users can access their funds through various methods, including ATMs and over-the-counter cash withdrawals. Fees may apply for out-of-network ATM withdrawals.

What Are the Benefits of the RoarMoney Debit Card?

The benefits of the RoarMoney debit card include:

Contactless Payments: Tap & Go contactless payments .
Price Protection: Refunds for price differences up to $250 per claim, four times per year .
Cashback Rewards: Earn cashback rewards from leading retailers .
Advanced Security: ID theft monitoring and protection against unauthorized purchases .

How Do You Open a RoarMoney Account?

To open a RoarMoney account, follow these steps:

Download the App: Get the MoneyLion app from the App Store or Google Play.
Create an Account: Sign up and provide basic identification information.
Link Your Bank Account: Connect your checking account to see if you qualify.
Set Up Direct Deposits: Arrange for recurring direct deposits to access full features .

What Is the RoarMoney Fee Structure?

The RoarMoney fee structure includes:

Monthly Administrative Fee: A $1 monthly administrative fee .
No Overdraft Fees: Transactions are declined if they would overdraw your account, avoiding overdraft fees.
Out-of-Network ATM Fees: Fees for out-of-network ATM withdrawals.
Other Fees: Fees for foreign transactions, adding funds via external debit card, and paying a bill with a paper check

How Do You Set Up a RoarMoney Account?

To set up a RoarMoney account, follow these steps:

Download the MoneyLion App: Get the MoneyLion app from the App Store or Google Play .
Create an Account: Sign up and provide basic identification information, such as your name, address, and Social Security Number .
Link Your Bank Account: Connect your checking account to see if you qualify for RoarMoney. This step is optional but recommended for full functionality .
Set Up Direct Deposit: Arrange for recurring direct deposits to receive paychecks up to two days early and access other features3.
Activate Your Card: Once you’ve signed up, you’ll receive a virtual card immediately, and a physical MoneyLion Debit Mastercard will be mailed to you .

What Are the Spending Limits with RoarMoney?

The spending limits with RoarMoney are not explicitly stated, but users can withdraw up to $510 from an ATM every 24 hours. For other transactions, the limits are generally aligned with standard debit card limits, but specific details may vary depending on your account settings and direct deposit history.

What Features Does the RoarMoney Mobile App Offer?

The RoarMoney mobile app offers several features:

Early Paydays: Receive paychecks up to two days early with direct deposit .
Zero-Percent APR Cash Advances: Access to Instacash advances up to $1,000 .
Shake ‘N’ Bank Rewards: Earn surprise cashback rewards for eligible purchases .
Price Protection: Refunds for price differences up to $250 per claim, four times per year .
Contactless Payments: Tap & Go contactless payments and mobile wallet functionality .
Spending Tracker: Tools to monitor spending and budgets, including weekly spending reports .
Advanced Security: ID theft monitoring and protection against unauthorized purchases .

How Do You Set Up Direct Deposit with RoarMoney?

To set up direct deposit with RoarMoney, follow these steps:

Open the MoneyLion App: Go to your RoarMoney dashboard.
Select Direct Deposit: Tap on the option to set up direct deposit.
Enter Employer Information: Choose your employer or payroll provider and sign in to authorize the direct deposit.
Confirm Your Decision: Receive a verification code to ensure it’s you requesting the change3.

How Do RoarMoney Instant Transfers Work?

RoarMoney instant transfers work by allowing users to move funds quickly between their RoarMoney account and other linked accounts or external accounts. This can be done through the MoneyLion app, which provides multiple funding options, including direct deposit, transfers from linked accounts, and mobile check deposits .

What Cash Back Offers Are Available with RoarMoney?

RoarMoney offers cashback rewards through several programs:

Shake ‘N’ Bank Rewards: Earn surprise cashback rewards for eligible purchases over $10, up to 500% of the purchase value, with a maximum reward of $500 .
Debit Card Cashback: Earn cashback rewards from leading retailers when using the MoneyLion Debit Mastercard.

What Security Features Does RoarMoney Provide for Accounts?

RoarMoney provides robust security features, including:

ID Theft Monitoring: Protection against identity theft.
Unauthorized Purchase Protection: Protection against unauthorized purchases if your card is lost or stolen.
Card Lock/Unlock Feature: Instantly lock your card in the app if it’s lost or stolen.
Transaction Alerts: Near real-time transaction alerts to monitor your account activity .

How Does RoarMoney Compare to Traditional Bank Accounts?

RoarMoney compares favorably to traditional bank accounts in several ways:

Early Paydays: Receive paychecks up to two days early with direct deposit, which is not typically offered by traditional banks .
Zero-Percent APR Cash Advances: Access to Instacash advances, which is unique compared to traditional bank overdraft services .
Advanced Mobile Wallet: Contactless payments and mobile wallet functionality, which may not be as advanced in traditional banking apps .
Low Fees: A $1 monthly administrative fee with no hidden fees, which is often lower than traditional bank fees .

How Do You Contact RoarMoney Customer Support?

You can contact RoarMoney customer support through the MoneyLion app, by phone, or via email. The app provides multiple ways to get help, including in-app conversations and customer service contact options .

How Can You Manage Transactions in RoarMoney?

To manage transactions in RoarMoney, use the MoneyLion app to:

Monitor Spending: Track your spending and budgets with weekly spending reports .
Set Up Alerts: Receive transaction alerts to monitor your account activity .
Transfer Funds: Move funds between your RoarMoney account and other linked accounts or external accounts .

What Are RoarMoney Balance Alerts?

RoarMoney balance alerts are notifications sent to users when their account balance reaches a certain threshold or when transactions occur. These alerts help users monitor their account activity and ensure they have sufficient funds to avoid overdrafts .

How Does RoarMoney Integrate with Mobile Payments?

RoarMoney integrates with mobile payments through:

Contactless Payments: Tap & Go contactless payments using the MoneyLion Debit Mastercard .
Mobile Wallet: Load your RoarMoney virtual card into digital wallets for touch-free payments .

How Can You Use RoarMoney for Online Shopping?

You can use RoarMoney for online shopping by:

Using Your Virtual Card: The RoarMoney virtual card is available immediately upon signing up and can be used for online purchases .
Loading into Digital Wallets: Add your RoarMoney card to digital wallets like Apple Pay, Google Pay, or Samsung Pay .

What ATM Access Does RoarMoney Provide?

RoarMoney provides access to a network of ATMs where users can withdraw cash without fees. However, there are fees for out-of-network ATM withdrawals .

What Travel Benefits Does RoarMoney Offer?

RoarMoney does not specifically offer travel benefits, but it does provide features that can be useful while traveling, such as:

Contactless Payments: Convenient for international transactions .
ID Theft Monitoring: Protection against unauthorized purchases, which is particularly useful when traveling .

How Do You Use RoarMoney Internationally?

To use RoarMoney internationally, you can:

Use Contactless Payments: Tap & Go contactless payments are widely accepted .
Be Aware of Foreign Transaction Fees: There are fees for foreign transactions, so it’s essential to be aware of these costs.

What Does RoarMoney Offer in Terms of Spending Analytics?

RoarMoney offers spending analytics through its spending tracker feature, which includes weekly spending reports, and tools to monitor spending and budgets, providing weekly reports on financial health .

How Can You Manage Subscriptions with RoarMoney?

To manage subscriptions with RoarMoney, use the MoneyLion app to:

Track Recurring Payments: Monitor your account activity to ensure you’re aware of all recurring payments .
Set Up Alerts: Receive notifications for transactions, including subscription payments .

Is RoarMoney Suitable for Freelancers?

RoarMoney can be suitable for freelancers who have consistent income streams and need flexible banking solutions. However, the requirement for regular direct deposits might be challenging for those with irregular income .

How Does RoarMoney Benefit Students?

RoarMoney can benefit students by providing:

Early Paydays: Receive paychecks up to two days early, which can be helpful for managing student finances .
Zero-Percent APR Cash Advances: Access to Instacash, which can help cover unexpected expenses .
Spending Tracker: Tools to monitor spending and budgets, helping students manage their finances effectively .

What Are the Best Practices for Maintaining a RoarMoney Account?

To maintain a RoarMoney account effectively, follow these best practices:

Monitor Your Spending: Use the spending tracker to keep an eye on your finances .
Set Up Alerts: Receive transaction alerts to monitor your account activity .
Avoid Overdrafts: Ensure you have sufficient funds to avoid overdrafts and partial repayments .
Use Direct Deposit: Set up direct deposits to access full features and benefits

Does RoarMoney Offer Overdraft Protection?

RoarMoney does not offer traditional overdraft protection. Instead, transactions that would overdraw your account are declined to avoid overdraft fees. This approach helps users avoid the financial burden of overdraft charges.

What Are the Interest Rates Associated with RoarMoney?

RoarMoney does not charge interest rates on its checking accounts. The service is designed to provide fee-free or low-fee banking, with a $1 monthly administrative fee and no interest charges on the account balance .

How Quickly Are Funds Available in RoarMoney?

Funds are available in RoarMoney quickly, especially with direct deposit. Users can receive paychecks up to two days early with direct deposit, and other deposits such as transfers from linked accounts or mobile check deposits are processed promptly.

How Can You Maximize Rewards with RoarMoney?

To maximize rewards with RoarMoney, users can take advantage of several features:

Shake ‘N’ Bank Rewards: Earn surprise cashback rewards for eligible purchases over $10, up to five times the value of your purchase and a maximum of $500.
Cashback on Purchases: Receive 1-5% cashback on transactions at eligible merchants or merchant categories determined by MoneyLion.
Round Ups: Use the Round Ups feature to round up transactions and transfer the difference into an investment or cryptocurrency account.

What Partner Discounts Are Available with RoarMoney?

RoarMoney offers various partner discounts and rewards, including:

Price Protection: Refunds for price differences up to $250 per claim, four times per year.
Cashback Rewards: Earn cashback rewards from leading retailers when using the MoneyLion Debit Mastercard.

What Is the RoarMoney Referral Program?

There is no detailed information provided about a specific RoarMoney referral program. However, MoneyLion may offer incentives for referring friends or family to their services, which can be found through their app or website.

What Are the Monthly Fees for RoarMoney?

The monthly fees for RoarMoney include a $1 monthly administrative fee. This fee is deducted from the customer’s RoarMoney account, and if the account has less than $1, the fee is not charged.

How Can You Avoid Fees with RoarMoney?

To avoid fees with RoarMoney:

Use In-Network ATMs: Avoid out-of-network ATM withdrawals to avoid fees.
Avoid Foreign Transactions: Be aware of foreign transaction fees and plan accordingly.
Use Digital Bill Pay: Avoid using paper checks for bill payments to avoid associated fees .

How Can RoarMoney Help with Budgeting?

RoarMoney can help with budgeting by providing:

Spending Tracker: Tools to monitor spending and budgets, including weekly spending reports.
Round Ups: The ability to round up transactions and transfer the difference into an investment or cryptocurrency account, helping users save and invest.
Early Paydays: Receiving paychecks up to two days early with direct deposit, which can help in managing finances more effectively.

How Can You Customize Your RoarMoney Account?

To customize your RoarMoney account, you can:

Set Up Direct Deposit: Arrange for recurring direct deposits to access full features and benefits.
Link Other Accounts: Connect other bank accounts or credit cards to manage your finances more effectively.
Use Mobile Wallet: Load your RoarMoney virtual card into digital wallets for touch-free payments.

What Do Users Say in RoarMoney App Reviews?

Users generally praise RoarMoney for its convenience, advanced features, and low fees. Common themes include:

Convenience: Users appreciate the ease of use and quick access to funds.
Low Fees: The $1 monthly administrative fee and lack of overdraft fees are well-regarded.
Customer Support: Some users report mixed experiences with customer support, but overall, the service is positively reviewed.

How Do You Contact RoarMoney Support?

You can contact RoarMoney support through the MoneyLion app, by phone, or via email. The app provides multiple ways to get help, including in-app conversations and customer service contact options.

How Can You Access Your RoarMoney Transaction History?

To access your RoarMoney transaction history, use the MoneyLion app to view your account activity. The app provides detailed transaction history and spending reports to help you manage your finances effectively.

What Is the Customer Experience Like with RoarMoney?

The customer experience with RoarMoney is generally positive, with users appreciating the convenience and advanced features. However, some users report issues with customer service and occasional technical glitches. Overall, the service is well-regarded for its transparency and affordability.

What Are the Withdrawal Limits with RoarMoney?

The withdrawal limits with RoarMoney are not explicitly stated, but users can withdraw up to $510 from an ATM every 24 hours. For other transactions, the limits are generally aligned with standard debit card limits.

Does RoarMoney Offer Cashback on Purchases?

Yes, RoarMoney offers cashback on purchases through various programs:

Shake ‘N’ Bank Rewards: Earn surprise cashback rewards for eligible purchases over $10.
Cashback Rewards: Receive 1-5% cashback on transactions at eligible merchants or merchant categories determined by MoneyLion.

Is RoarMoney Useful for Small Business Owners?

RoarMoney can be useful for small business owners who need flexible banking solutions. The account offers features like early paydays, zero-percent APR cash advances, and robust security controls, which can be beneficial for managing business finances. However, the requirement for regular direct deposits might be challenging for those with irregular income.

Can RoarMoney Be Used for Large Purchases?

RoarMoney is not ideal for large purchases due to its limited withdrawal and spending limits. It is better suited for small, everyday transactions and managing short-term financial needs.

How Can RoarMoney Help with Utility Bill Payments?

RoarMoney can help with utility bill payments by providing quick access to funds and avoiding overdrafts. Users can set up direct deposits and manage their finances effectively to ensure they have sufficient funds for utility bills.

Can You Use RoarMoney for Grocery Shopping?

Yes, you can use RoarMoney for grocery shopping. The account provides a debit card that can be used for various purchases, including groceries. The funds are deposited directly into your account, allowing you to use them for grocery shopping and other essential expenses.

Can RoarMoney Be Used for Rent Payments?

Yes, RoarMoney can be used for rent payments. You can use the MoneyLion Debit Mastercard or the RoarMoney virtual card to make payments online or by phone. Additionally, you can set up direct deposits and manage your finances to ensure you have sufficient funds for rent payments .

RoarMoney Account Reviews

RoarMoney accounts are praised for their innovative features and low fees. Users like the early paydays, zero-percent APR cash advances, and strong security. The app’s ease of use and mobile wallet features are also commended, though some users mention occasional customer service and technical issues. Overall, RoarMoney is valued for its transparency and affordability.

How Do You Activate a RoarMoney Account?

To activate a RoarMoney account, follow these steps:

Download the MoneyLion App: Get the app from the App Store or Google Play.
Create an Account: Sign up and provide basic identification information.
Link Your Bank Account: Connect your checking account to see if you qualify.
Set Up Direct Deposits: Arrange for recurring direct deposits to access full features.
Receive Your Virtual Card: A RoarMoney virtual card is available immediately upon signing up, and a physical MoneyLion Debit Mastercard will be mailed to you .

How Does RoarMoney Compare to Competitor Accounts?

RoarMoney compares favorably to competitor accounts in several ways:

Early Paydays: Receive paychecks up to two days early with direct deposit, which is not typically offered by traditional banks.
Zero-Percent APR Cash Advances: Access to Instacash advances, which is unique compared to traditional bank overdraft services.
Low Fees: A $1 monthly administrative fee with no hidden fees, which is often lower than traditional bank fees .

What Online Security Tips Should RoarMoney Users Follow?

To ensure online security, RoarMoney users should:

Use Strong Passwords: Create and use strong, unique passwords for the MoneyLion app.
Enable Two-Factor Authentication: Activate multi-factor authentication for added security.
Monitor Account Activity: Regularly check your account activity and transaction alerts to detect any unauthorized transactions .

How Often Are RoarMoney App Updates Released?

The frequency of RoarMoney app updates is not explicitly stated, but MoneyLion regularly updates its app to improve features, fix bugs, and enhance security. Users are typically notified of updates through the app or via email notifications .

Can RoarMoney Be Used for Emergency Expenses?

Yes, RoarMoney can be used for emergency expenses. The service offers zero-percent APR cash advances up to $1,000 with Instacash, and users can receive paychecks up to two days early with direct deposit, making it a useful tool for unexpected expenses .

What Are the Benefits of Direct Deposit with RoarMoney?

The benefits of direct deposit with RoarMoney include:

Early Paydays: Receive paychecks up to two days early.
Access to Full Features: Direct deposits unlock full features, including higher Instacash limits and other benefits.
Convenience: Simplifies the process of managing your finances by ensuring consistent deposits .

How Does RoarMoney Enhance Mobile Banking?

RoarMoney enhances mobile banking by offering:

Contactless Payments: Tap & Go contactless payments and mobile wallet functionality.
Virtual Card: Immediate access to a virtual card for online and phone payments.
Advanced Security: Robust protection against unauthorized purchases and ID theft monitoring .

How Do You Monitor Your RoarMoney Account Balance?

To monitor your RoarMoney account balance, use the MoneyLion app to:

Check Account Dashboard: View your current balance and recent transactions.
Set Up Alerts: Receive notifications for transactions and low balance warnings.
Track Spending: Use the spending tracker to monitor your spending and budgets .

Is RoarMoney Suitable for College Students?

RoarMoney can be suitable for college students who have part-time jobs or scholarships with direct deposits. The service offers early paydays, zero-percent APR cash advances, and robust security features, which can be beneficial for managing student finances .

What Financial Tools Does RoarMoney Offer?

RoarMoney offers several financial tools, including:

Spending Tracker: Tools to monitor spending and budgets, including weekly spending reports.
Round Ups: The ability to round up transactions and transfer the difference into an investment or cryptocurrency account.
Price Protection: Refunds for price differences up to $250 per claim, four times per year .

How Can RoarMoney Assist with Debt Management?

RoarMoney can assist with debt management by:

Providing Emergency Funding: Access to zero-percent APR cash advances with Instacash.
Avoiding Overdrafts: Transactions are declined if they would overdraw your account, avoiding overdraft fees.
Budgeting Tools: Using the spending tracker to monitor and manage finances effectively .

Can RoarMoney Be Used for Financial Planning?

Yes, RoarMoney can be used for financial planning by providing tools to manage finances effectively:

Spending Tracker: Monitor spending and budgets.
Round Ups: Automatically save or invest spare change.
Early Paydays: Receive paychecks up to two days early, helping with budgeting and financial planning .

How Can RoarMoney Help with Vacation Savings?

RoarMoney can help with vacation savings by:

Round Ups: Automatically save spare change into an investment or cryptocurrency account.
Spending Tracker: Monitor spending to ensure you stay within your budget.
Cashback Rewards: Earn cashback rewards that can be used towards vacation expenses .

What Is the Process for Closing a RoarMoney Account?

How Do RoarMoney Transaction Notifications Work?

RoarMoney transaction notifications work by sending users near real-time alerts for transactions, helping them monitor their account activity. Users can set up these notifications through the MoneyLion app to stay informed about their account activity .

How Can You Increase Your Spending Limit with RoarMoney?

To increase your spending limit with RoarMoney, you can:

Set Up Direct Deposits: Arrange for recurring direct deposits to access higher spending limits.
Link Other Accounts: Connect other bank accounts or credit cards to manage your finances more effectively.
Contact Customer Support: If you need a specific increase, you can contact customer support to discuss your options .

What Does the RoarMoney Financial Dashboard Offer?

The RoarMoney financial dashboard offers:

Account Balance: View your current balance and recent transactions.
Spending Tracker: Monitor spending and budgets, including weekly spending reports.
Transaction Alerts: Receive notifications for transactions and low balance warnings.
Round Ups: Track your savings and investments through the Round Ups feature .

What Is the Process for Replacing a RoarMoney Card?

To replace a RoarMoney card, you need to contact MoneyLion’s customer service directly. They will guide you through the process of requesting a replacement card, which will be mailed to you promptly .

Can RoarMoney Be Used for International Payments?

RoarMoney can be used for international payments, but users should be aware of foreign transaction fees. The MoneyLion Debit Mastercard can be used internationally, but it’s essential to plan for the associated fees.

How Can RoarMoney Be Used for Everyday Expenses?

RoarMoney can be used for everyday expenses through various methods:

Debit Card: Use the MoneyLion Debit Mastercard for purchases, both online and in-store.
Virtual Card: The RoarMoney virtual card is available immediately upon signing up and can be used for online and phone payments.
Mobile Wallet: Load your RoarMoney virtual card into digital wallets for touch-free payments.
ATM Withdrawals: Withdraw cash from ATMs, with no fees at over 55,000 Allpoint ATM locations .

What Security Measures Are in Place for the RoarMoney App?

The RoarMoney app has several security measures in place:

ID Theft Monitoring: Protection against identity theft to ensure account security.
Unauthorized Purchase Protection: Protection against unauthorized purchases if the card is lost or stolen.
Card Lock/Unlock Feature: Instantly lock your card in the app if it’s lost or stolen.
Transaction Alerts: Near real-time transaction alerts to monitor your account activity .

How Does RoarMoney Contribute to Financial Stability?

RoarMoney contributes to financial stability by:

Early Paydays: Receiving paychecks up to two days early with direct deposit helps manage finances more effectively.
Zero-Percent APR Cash Advances: Access to Instacash advances up to $1,000, which can help cover unexpected expenses without accumulating debt.
Spending Tracker: Tools to monitor spending and budgets, including weekly spending reports, to help users stay on track financially .

What Are the Account Recovery Options with RoarMoney?

To recover your RoarMoney account, you can:

Contact Customer Support: Reach out to MoneyLion’s customer support through the app, phone, or email to reset your login credentials or resolve any account issues.
Use the App’s Recovery Features: The MoneyLion app provides options to reset your password and recover your account if you forget your login details .

How Can You Track Transactions with RoarMoney?

To track transactions with RoarMoney, use the MoneyLion app to:

View Transaction History: Check your account activity and recent transactions.
Set Up Alerts: Receive notifications for transactions and low balance warnings to stay informed about your account activity .

Can RoarMoney Be Used for Family Finances?

Yes, RoarMoney can be used for family finances by:

Managing Multiple Accounts: Linking multiple accounts to manage family finances effectively.
Setting Up Direct Deposits: Arranging for recurring direct deposits to ensure consistent income.
Using Budgeting Tools: Utilizing the spending tracker and other financial tools to monitor and manage family expenses .

Does RoarMoney Offer Investment Options?

RoarMoney offers integration with investment options through MoneyLion’s platform:

Auto Invest Feature: Set up recurring transfers from your RoarMoney account into your MoneyLion Investment account, which offers personalized investment portfolios with no minimums or asset-based management fees .

How Can RoarMoney Be Used for Loan Payments?

RoarMoney can be used for loan payments by:

Setting Up Direct Payments: Use the MoneyLion Debit Mastercard or virtual card to make loan payments online or by phone.
Transferring Funds: Transfer funds from your RoarMoney account to other accounts or lenders to make loan payments .

Does RoarMoney Offer Interest-Free Accounts?

Yes, RoarMoney offers interest-free accounts:

No Interest Charges: The account itself does not charge interest, and users also have access to zero-percent APR cash advances with Instacash .

How Can You Use RoarMoney for Savings Goals?

To use RoarMoney for savings goals, you can:

Round Ups: Use the Round Ups feature to round up transactions and transfer the difference into an investment or savings account.
Set Up Direct Deposits: Arrange for recurring direct deposits to ensure consistent income, which can be allocated towards savings.
Monitor Spending: Use the spending tracker to monitor your spending and allocate funds towards savings goals .

What Is the Setup Guide for the RoarMoney App?

To set up the RoarMoney app, follow these steps:

Download the App: Get the MoneyLion app from the App Store or Google Play.
Create an Account: Sign up and provide basic identification information.
Link Your Bank Account: Connect your checking account to see if you qualify.
Set Up Direct Deposits: Arrange for recurring direct deposits to access full features.
Activate Your Card: Receive a virtual card immediately and a physical MoneyLion Debit Mastercard by mail .

Can RoarMoney Be Used for Bill Splitting?

Yes, RoarMoney can be used for bill splitting by:

Transferring Funds: Transfer funds to other accounts or use the MoneyLion Debit Mastercard to make payments.
Setting Up Recurring Payments: Use the app to set up recurring payments for shared bills .

Can You Make Charitable Donations with RoarMoney?

Yes, you can make charitable donations with RoarMoney by:

Using Your Debit Card: Make donations online or by phone using your MoneyLion Debit Mastercard.
Transferring Funds: Transfer funds from your RoarMoney account to charitable organizations .

How Can RoarMoney Help with Mortgage Payments?

RoarMoney can help with mortgage payments by:

Setting Up Direct Payments: Use the MoneyLion Debit Mastercard or virtual card to make mortgage payments online or by phone.
Transferring Funds: Transfer funds from your RoarMoney account to your mortgage lender .

Is RoarMoney Useful for Managing Subscription Services?

Yes, RoarMoney is useful for managing subscription services by:

Setting Up Recurring Payments: Use the app to set up recurring payments for subscriptions.
Monitoring Transactions: Use transaction alerts and the spending tracker to ensure timely payments and manage subscription services effectively.

Conclusion

RoarMoney accounts are favored for their unique features and minimal fees, offering early paydays, zero-interest cash advances, and strong security. The app is user-friendly with advanced mobile wallet options. While some report customer service and technical issues, it remains a preferred choice for modern banking needs.