Moneylion Membership Agreement

MoneyLion is a popular financial services company that offers a range of products and services including loans, credit monitoring, investment advice, and more. If you`re considering becoming a member of MoneyLion, it`s important to understand the terms and conditions of their membership agreement. In this article, we`ll discuss the key points that you need to know about the MoneyLion Membership Agreement.

What is the MoneyLion Membership Agreement?

The MoneyLion Membership Agreement is a legal contract that outlines the terms and conditions of your membership with the company. By becoming a member, you agree to abide by these terms and conditions, which include things like fees, eligibility requirements, and dispute resolution procedures.

Key Points of the Membership Agreement

Here are some of the key points that you need to know about the MoneyLion Membership Agreement:

– Fees: When you become a member, you`ll be required to pay a monthly fee. This fee varies depending on the type of membership you choose. For example, the Basic membership has a lower monthly fee than the Plus membership. MoneyLion may also charge other fees, such as overdraft fees, late fees, and others.

– Eligibility: To become a member, you must meet certain eligibility requirements. You must be at least 18 years old, have a valid Social Security number, and have a U.S. bank account. You must also meet certain credit and income requirements.

– Dispute Resolution: If you have a dispute with MoneyLion, you must first try to resolve the issue directly with the company. If you`re not able to reach a resolution, you may be required to participate in arbitration. This means that you`ll present your case to a neutral third party, who will make a decision that is binding on both you and MoneyLion.

– Termination: MoneyLion may terminate your membership at any time, for any reason. You may also terminate your membership at any time by giving notice to the company.

– Privacy Policy: MoneyLion has a detailed privacy policy that outlines how they use and protect your personal information. By becoming a member, you agree to the terms of this policy.

Conclusion

The MoneyLion Membership Agreement is an important document that you should read carefully before becoming a member. It outlines the terms and conditions of your membership, including fees, eligibility requirements, dispute resolution procedures, and more. By understanding these key points, you can make an informed decision about whether MoneyLion is the right financial services company for you.