# MoneyLion WOW Membership Transition

> What is happening to MoneyLion WOW

Source: https://help.moneylion.com/en_us/moneylion-wow-membership-transition-SyiCXWWSMx

Last updated: 2026-10-14T15:08:18.108Z

**What is happening to MoneyLion WOW?**  
MoneyLion WOW is being retired and replaced by **MoneyLion One**, our newest membership designed to give you even more value for your everyday money.

**What is MoneyLion One?**  
MoneyLion One is our premium membership that gives you access to benefits including: 

*   1% daily cashback¹  
*   3.88% APY on eligible savings²  
*   Identity Theft Protection  
*   Credit monitoring  
*   No managed investing fees³  
*   Foreign transaction fee refunds on MoneyLion Spend 

**What benefits are changing from MoneyLion WOW?**   
_New benefits_ 

*   1% daily cashback¹
*   3.88% annual percentage yield (APY) savings rate² 

_Benefits you keep_ 

*   Identity theft protection 
*   Credit monitoring 
*   Managed investing fee refund³ 
*   Foreign transaction fee refund on MoneyLion Spend 

_Benefits no longer included_ 

*   Instacash® Turbo Fees Rebates_4_ 
*   PerkSpot Deals 
*   Weekly Giveaways 
*   Bitcoin cashback 
*   Lion's Share 

**Will I lose my WOW benefits if I join MoneyLion One?**   
Yes. When you enroll in MoneyLion One, your MoneyLion WOW membership ends. You'll immediately begin receiving your MoneyLion One benefits instead.

**When is MoneyLion WOW ending?**  
If you take no action, your final MoneyLion WOW billing date will occur in October. Thirty days after your final billing date, you will lose your MoneyLion WOW membership and all associated benefits.

**Will I be automatically enrolled in MoneyLion One?**   
It depends on your eligible direct deposits. 

*   **If you receive $500 or more in eligible monthly direct deposits:** You may be automatically enrolled in MoneyLion One. If your account qualifies, we'll notify you in the app before any changes are made. 
*   **If you receive less than $500:** No action will be taken automatically. If you'd like MoneyLion One, you'll be able to enroll through the app. 

**What happens if I don't switch?**   
Your MoneyLion WOW membership will continue through your final billing cycle in October. Thirty days after your final WOW billing date, your membership and WOW benefits will end. If you'd like to continue enjoying premium membership benefits, you can enroll in MoneyLion One at any time. 

**Can I keep MoneyLion WOW?**   
No. MoneyLion WOW will soon be retired and will no longer be available. If you'd like to continue receiving premium membership benefits, you'll need to enroll in MoneyLion One. 

**How much does MoneyLion One cost?**   
Active MoneyLion WOW users can try the MoneyLion One membership for free for **30 days**¹. During the trial, you get full access to all MoneyLion One benefits at no charge.  

After the 30-day period, your membership will automatically move to pricing based on your **eligible** direct deposit activity in your MoneyLion Spend account. 

*   **$0/month** ($500 or more in monthly eligible direct deposits) 
*   **$9.99/month** (Less than $500 for monthly eligible direct deposits) 

_Please note: The free trial is **not available** if you are an **active** or **previous** member of Credit Builder Plus, or have onboarded on MoneyLion One previously._

__1__Covers the first month’s Membership Fee only. If you cancel within 30 days of signing up, you will not be charged for your subscription. Your subscription will auto\-renew until canceled. See your MoneyLion One membership dashboard in the MoneyLion App for your payment date. You remain responsible for any charges, obligations, or repayments arising from benefits, rewards, or services you used before canceling your Membership.__ 

**Can I join MoneyLion One later?**   
Yes. You can enroll whenever you're ready. If you're eligible, you'll receive a 30-day free trial.¹ After that, your monthly price will depend on your eligible direct deposit activity. 

_1__Cashback__**:**_ _Members will receive $0.01 cash for every dollar spent (up to $30 monthly) on qualified purchases made with their MoneyLion Debit Mastercard® or MoneyLion Spend Virtual Card. Any Cash Back Rewards earned the previous day will be automatically deposited into your MoneyLion Spend Account. MoneyLion reserves the right to review transactions for eligibility and to discontinue this incentive at any time without notice. Any fraudulent or other suspicious activity will void any rewards points earned and may also result in account suspension or cancellation. Certain exclusions and limitations apply._ 

_2_S_avings: Annual Percentage Yield (APY) is accurate as of 10/01/2026 and is variable. APY may change after account opening. No minimum deposit is required to open the account, and no minimum balance is required to earn APY. Interest compounds daily and is credited monthly. Fees may reduce earnings. See the MoneyLion Save Account Agreement for details._ 

_3__Investment advisory services provided by ML Wealth LLC. Investment Accounts Are Not FDIC Insured • No Bank Guarantee • Investments May Lose Value. For important information and disclosures relating to the MoneyLion Managed Investment Account, see_ [_Investment FAQs_](https://help.moneylion.com/categories/investing-Sy3AJsupa)_,_ [_Form ADV Brochure_](http://moneylion.com/adv)_, and_ [_moneylion.com/investing._](http://moneylion.com/investing.) _Funded managed investing accounts are subject to a monthly account fee of $1 (for accounts valued up to $5,000), $3 (for accounts valued over $5,000, and up to $25,000), or $5 (for accounts valued over $25,000)._ _The Account Fee will be reimbursed if the MoneyLion One Membership is in good standing and active at the time the fee is charged._ 

_**4**__Instacash__**:**_ _Instacash(R) is subject to_ [_terms_](https://www.moneylion.com/terms-and-conditions/#ml-instacash) _and eligibility requirements. Instacash® is an optional service offered 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. Expedited delivery requires Turbo Fee. See Instacash Terms and Conditions for more information and eligibility requirements._