Apr 30, 2020

Instacash Access Is Now Free: Cash Advances, 0% APR

Written by Abby Landers

insta-hardworking

Millions of Americans are facing heightened financial stress due to COVID-19, and we’re here to help. Whether you’re working on the front lines of the pandemic, working from home, or suddenly looking for work, we know you need to stretch every dollar further than ever. So to help make it easier, we’ve made access to 0% APR Instacash cash advances absolutely FREE.

Cash Advances With No Monthly Fee

Instacash offers you cash advances up to $250 day or night, now with no monthly membership fee. As always, there’s no credit check and no interest. Free access to Instacash applies to everyone who qualifies for Instacash, whether or not you have direct deposits into a MoneyLion account.

This major move is part of our InstaCare efforts designed to make weathering this crisis a little easier for our members. With free access to 0% APR Instacash cash advances, now you can have more money in your pocket for essentials like food, gas, and bills. Everything you need to take care of yourself and your family.

COVID-19 Resources and Information

In addition, our InstaCare resources include the COVID-19 center we built here on our MoneyLion blog, where you can find essential information on COVID-19 financial resources and guidance for managing today’s expenses while keeping your plans for the future on track.

We hope free access to Instacash and our COVID-19 resources bring you some peace of mind and financial flexibility during these challenging times.

Written by Abby Landers Abby is MoneyLion’s Creative Director and a frequent contributor to the blog. She’s worked in finance and technology for many years and has found her professional happy place in FinTech. She enjoys writing about personal finance and helping others find easy ways to improve their financial health. Outside of work, you’ll usually find her skiing or hiking.

Disclosures

Instacash is a 0% APR cash advance service provided by MoneyLion. Your available Instacash advance limit will be displayed to you in the MoneyLion mobile app and may change from time to time. Your limit will be based on your direct deposits, account transaction history, and other factors as determined by MoneyLion. This service has no mandatory fees. You may leave an optional tip and pay an optional Turbo Fee for expedited funds delivery. For a $40 Instacash advance with a Turbo Fee of $4.99 and a $3 tip, your repayment amount will be $47.99. Generally, your scheduled repayment date will be your next direct deposit date. There is no legal obligation to repay an advance, but you will not be eligible to request a new advance until your outstanding balance is paid. See Membership Agreement and help.moneylion.com for additional terms, conditions and eligibility requirements.

MoneyLion does not provide, nor does it guarantee, any third-party product, service, information, or recommendation. The third parties providing these products or services are solely responsible for them, as well as all other content on their websites. MoneyLion is not liable for any third party’s failure with regard to those advertised products, services, and benefits. These advertised products and services may not be FDIC insured or bank-guaranteed, and may be subject to a different privacy policy than MoneyLion’s. You should check individual offers, products, and services to become familiar with any applicable restrictions or conditions that may apply. MoneyLion may receive compensation from third parties for referring you to the third party, their products or to their website.

Instacash is a 0% APR cash advance service provided by MoneyLion. Your available Instacash advance limit will be displayed to you in the MoneyLion mobile app and may change from time to time. Your limit will be based on your direct deposits, account transaction history, and other factors as determined by MoneyLion. This service has no mandatory fees. You may leave an optional tip and pay an optional Turbo Fee for expedited funds delivery. For a $40 Instacash advance with a Turbo Fee of $4.99, your repayment amount will be $44.99. Generally, your scheduled repayment date will be your next direct deposit date. An Instacash advance is a non-recourse product; you will not be eligible to request a new advance until your outstanding balance is paid. See Membership Agreement and help.moneylion.com for additional terms, conditions and eligibility requirements.