MoneyLion Instacash Review 2022 – Forbes Advisor

MoneyLion Instacash vs Earnin

Earnin allows you to receive up to $100 per day or up to $500 from your paycheck each pay period, compared to MoneyLion’s $300 limit. You may be able to increase the amount with the Max Boost feature.

Similar to MoneyLion, Earnin does not charge any fees, but users have the option to tip. It also sends notifications when your bank account drops below a certain amount to help you avoid overdraft fees.

Related: Earnin app review

MoneyLion Instacash vs Brigit

Like Instacash, Brigit is a service that provides access to short-term loans. To borrow money with Brigit, you need to join her Plus plan for $9.99 per month. You can usually access up to $250 with Brigit, which is similar to MoneyLion.

To benefit from Brigit’s cash advance feature, you must have a Brigit score between 40 and 100. A Brigit score is its version of a credit score. It will review your bank account to determine your Brigit score, which will include factors such as your expenses and bank balance. The amount you can access may depend on your current bank balance, average balance and more.

MoneyLion Instacash vs. Dave

While MoneyLion typically only lets you borrow up to $250, Dave lets you borrow up to $500. Dave also has optional tipping and no charge unless you choose express delivery.

Dave charges between 99 cents and $6.99 for express transfers to Dave Spending accounts and between $2.99 ​​and $11.99 for express transfers to external accounts.

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