MoneyLion has introduced a membership program designed to help consumers earn more from their paychecks.
MoneyLion One, announced Monday (July 20), gives members access to daily cash back, investing and — later this summer — savings, along with personalized financial and identity theft protection tools.
“Currently, more than half of Americans live paycheck to paycheck,” the company said in a news release. “These benefits are designed to reduce financial stress today while accelerating long-term financial health. MoneyLion One makes premium banking tools accessible to everyone through one powerful membership.”
According to the release, membership is free to users who set up at least $500 in monthly direct deposits. Those without direct deposit can access the program’s benefits for $9.99 per month. MoneyLion says this pricing model removes one of the largest…
