NEW YORK, Feb. 26, 2019 /PRNewswire/ -- MoneyLion, America's most powerful financial membership, today announced a partnership with Women in Need (Win), a New York based non-profit helping transitioning women and their children rebuild their lives, to provide its employees with a better way to save, earn and invest their money. The partnership will enable Win employees to enroll in MoneyLion BonusSM, a financial wellness and literacy program designed to help them gain access to financial products and tools beyond what a traditional bank offers.
Win is a leading non-profit agency and the largest provider of shelter for homeless families in New York City, with shelters in the Bronx, Brooklyn, Manhattan and Queens. Win provides families in distress with the education and foundation needed to gain employment and find permanent housing. In 2018 alone, Win served close to 10,000 homeless people — including more than 5,000 children — and helped more than 700 families transition out of shelters into homes of their own. MoneyLion will supplement the incredible work of Win, by helping their dedicated team members improve their financial lifestyle by providing them access to leading financial tools.
"Win's employees are dedicated to the community they serve and to teaching New York families valuable life skills, helping them gain employment and secure housing," said Dee Choubey, CEO and Co-Founder of MoneyLion. "They work hard to ensure that families are provided the necessary items and have the skills to survive and live successful lives. We wanted to help give back to these dedicated workers, and through our partnership with Win, we are able to do that by helping them save and invest their hard-earned money."
The MoneyLion BonusSM program provides members access to:
- MoneyLion Checking Account and MoneyLion Visa® Debit Card
- Zero-fee managed investment account
- 0 percent APR cash advances
- Loans at 5.99 percent APR, funded in seconds
- Free credit monitoring
- Up to 12 percent cashback rewards at over 20,000 nationwide retailers
- 55,000 no-fee ATMS
- Personalized AI-driven budgeting and financial education
"Win's dedicated employees work tirelessly to help vulnerable New York families break the cycle of homelessness," said Christine Quinn, President and CEO of Win. "This exciting partnership with MoneyLion has the potential to provide assistance to our terrific staff by offering additional tools and guidance to help employees manage their financial future."
MoneyLion is America's most powerful and rewarding financial membership, empowering people to take control of their finances to achieve their dreams. Since its launch in 2013, MoneyLion has amassed more than 4 million members and has earned its customers trust with new banking and investments capabilities that offer a one-of-a-kind rewards program, no-fee checking account, overdraft protection, and loans funded in 15 seconds or less. From a single app, users can get a holistic snapshot of their financial lives while having access to personalized tips and tools to improve their credit and achieve everyday savings. With the notion that good habits are formed over time, MoneyLion rewards users for each decision that moves them closer towards their financial goals. The success of MoneyLion relies on finding ways to make the members' money work as hard as they do. MoneyLion has offices in New York City, San Francisco, Salt Lake City and Kuala Lumpur, Malaysia. For more information, visit www.moneylion.com or download the app here.
Since 1983, Win has been transforming the lives of New York City's homeless women and their children by providing a holistic solution of safe housing, critical services and programs they need to succeed on their own—so the women can regain their independence and their children can look forward to a brighter future. With more than 1,600 units of transitional and supportive housing providing shelter for more than 4,600 people every night, Win focuses on solutions for the many causes of homelessness by helping women improve their job skills, life skills, personal health and more. Win's children's services include childcare, after school programs, and Camp Win, a summer day camp program. Win also provides permanent supportive housing offering dedicated, long-term support to families with additional needs.
MoneyLion Investment Accounts Are Not FDIC Insured. No Bank Guarantee. May Lose Value. For important information and disclaimers relating to the MoneyLion Investment Account, see Investment Account FAQs and FORM ADV. Broker-Dealer may charge a $0.25 withdrawal fee, among other fees.
Cash Advance requires Checking Account and Direct Deposit. MoneyLion Checking Account through Lincoln Savings Bank, Member FDIC. MoneyLion Visa® Debit Card, issued by Lincoln Savings Bank, Member FDIC. Terms and conditions apply.