In this article, I will be answering the question, of whether MoneyLion does work with Chime.
MoneyLion is a mobile banking platform for borrowing, saving, and investing. Founded in 2013. MoneyLion is a mobile banking app that offers basic banking, wealth management, and lending services.
It gives cash advances to its users. With MoneyLion, you can make investments and build wealth.
On the other hand, Chime is an online banking platform that offers most of its services through its mobile application.
Chime does offer a Spot Me offer, which can help you make purchases, even when the amount on your checking account isn’t up to what you are to pay for.
Although Chime doesn’t offer any cash advance service, rather, with Chime you can make cash overdrafts. In Times, when you need money immediately, the only option is to rely on a cash advance app.
There are several cash advance apps available that work with Chime, such as Earnin, Empower, Dave, and the likes.
Therefore, in today’s article, I will be answering the question, of whether you can actually use chime on MoneyLion.
Does Moneylion work with Chime?
Yes, if you have a chime account, you can link it up with MoneyLion.
Money Lion comes with a no-fee cash advance and allows people to build their financial status, by helping customers reach their financial goals.
With Money Lion, you can pay back your cash expenses, when you have the money.
Users can access their Chime bank features once they can link their account on the MoneyLion Platform.
MoneyLion offers its users cash advances of up to $250, once you are eligible to start getting cash advances, you can get a minimum of $25 dollars.
How To Add Chime On Moneylion
Before you can start using Chime on MoneyLion, you must ensure to add your Chime account to MoneyLion.
The steps below show you how to add Chime on MoneyLion:
- Step 1: Open the MoneyLion app on your device.
- Step 2: Hover to Transfer
- Step 3:Tap on Add Account
- Step 4: Select Chime Bank
- Step 5: Enter your Chime Bank Details.
How Do I Get Qualified for Cash Advance on Money Lion?
You can’t just be a user today, and start receiving cash advances on MoneyLion, you must have met certain requirements:
Account Minimum Of Two Months
Your account must have been created not less than two months, therefore, if you have an account that is less than 2 months old, then you are yet to be qualified to get cash advances on MoneyLion.
Regular Deposit Of Income/paychecks
Your account must have a regular Deposit from your employer.
Your account must have a positive Balance, meaning it must not be less than 0, but something higher.
Ensure an active account.
Does Moneylion Charge To Receive Cash Advance?
You might be wondering if getting a cash advance on MoneyLion does attract a fee? Unlike other cash advance apps, MoneyLion is completely free, and therefore, you are void of paying any interest fee.
How To Get A Moneylion Instacash Advance
Once you have downloaded the MoneyLion app on your device, you can link your bank account to MoneyLion.
After linking your bank account to MoneyLion, it will be reviewed by the MoneyLion team.
Once your bank account has been approved, you can begin requesting a cash advance.
Then, you can select the amount you want to borrow, and also decide if you want to pay a turbo fee to get the funds quickly.
The money you have borrowed will then be debited from your account, the next time you are being paid by your employer.
MORE ON CHIME:
With Chime, you can get cash advances from MoneyLion up to $250, and get it repaid the next time you are paid by your employer.
In order to get a cash advance on MoneyLion, you must have met the requirements, and your starting point is $25, which is likely to scale up to $250.
With the money borrowed, you can pay for your expenses, both at online stores as well as in-stores.