Catch You When You Fall: MoneyLion's App Empowers, Protects Users

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The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

How do you expect the unexpected? 

When millions lost their jobs last year, many were left without steady paychecks and sources of income. In the end the pandemic has shown that many were, and still are, financially unprepared for an emergency.  A survey by Chase JPM found that 1 in 4 Americans would not be able to cover more than 2 months of their bills, and around 25% don’t even have a savings account. Another study by Oregon State University found that 77% of “low-to-moderate income” American households fall below the asset poverty line. Even a survey sponsored by Capital One COF noted that 77% of Americans are currently worried about their financial situation, with a staggering 58% noting that their finances actually go as far as controlling their lives. 

These studies and reports paint the dire picture that many have found themselves in due to a variety of reasons, sometimes out of their hands. Considering the state of financial instability in this country, there is a growing need for a way to build a financial safety net so that you can be ready for life’s surprises. One company that offers a way to be prepared for the unknown is MoneyLion ((FUSE), changing the way we view financial wellness.

Acting as a one-stop financial toolkit, MoneyLion prides itself on providing a way for everyone to take control of their money. Since 2013, they have engaged with over 7.5 million users allowing them to spend, save, and invest money in the palm of their hands. Their ultimate goal? To rewire the American banking system through the use of their mobile banking app, so that financial freedom is accessible, sustainable, and attainable. 

Some of the app’s many on-demand features include RoarMoney, allowing you to be paid up to 2 days early, with zero minimal fees, and by utilizing a track spending feature. However, your monthly peace of mind lies in the feature “Safety Net”, which allows you to regain a sense of control over your finances. MoneyLion believes that every hard-working American deserves financial security, and calming their customer’s nerves through a solution like Safety Net makes it possible. 

When opening a RoarMoney account and adding direct deposit, you unlock the expansive features of Safety Net. There are 0% APR cash advances up to 1,000 per paycheck—so no more worrying about if you can cover your unexpected expenses, and you can work to build your savings with Round Ups that are automatically deposited in your MoneyLion investment account. With a visual breakdown of the money available to you at all times, Safety Net functions like a built-in backup, allowing you to bank with more confidence in knowing exactly what’s in your account. 

It can be daunting to figure out how to build your safety net when there are bills, debt and life in general to consider, but with the MoneyLion app everything is made easy. No matter what lies ahead, they’ll offer automatic helping hands at the touch of a button  — that will be sure to catch you if you ever fall. 

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.