NEW YORK--(BUSINESS WIRE)--MoneyLion, America’s most powerful and rewarding financial membership designed to help the hardest-working Americans save, borrow and invest, today announced they have joined with the Semper Fi Fund to help some of the hardest-working Americans – the U.S. Armed Forces.
According to Military.com, 49 percent of military families have less than $5,000 in savings and 42 percent of service members and 40 percent of military spouses identify military pay and benefits as one of their top five areas of concern. So, this Veterans Day, MoneyLion, and its membership of more than 3 million people, are committing donations to the Semper Fi Fund to help transitioning service members find a path to more stable and rewarding financial futures.
Starting on Veterans Day, MoneyLion will donate $5 for each service member or spouse that signs up for a Core or Plus MoneyLion account during the month of November. Additionally, MoneyLion Plus members can donate $1 from their investment accounts to the Semper Fi Fund on Veterans Day through the mobile app. MoneyLion will match any donations made to the Semper Fi Fund on Veterans Day from its current members.
“Our nation owes more than a debt of gratitude to the millions of heroes serving in the U.S. Armed Forces,” said Dee Choubey, CEO and Founder at MoneyLion. “At MoneyLion we’re committed to ending the financial stress that plagues all Americans by helping them measure their overall financial health, giving them access to fee-free banking, saving and investing tools and providing them with ongoing counsel from some of the industry’s leading experts. Our ultimate mission is to inspire a new generation of the hardest-working Americans to overcome their toughest financial challenges.”
MoneyLion members benefit from zero-fee checking accounts, a debit card with more rewards, and access to over 55,000 fee-free ATMs across the U.S. MoneyLion also offers members instant cash advances with 0 percent APR, zero fee investment accounts, and access to credit building loans with 5.9 percent APR.
“We are grateful to MoneyLion for their support,” said Semper Fi Fund President, CEO and Founder Karen Guenther. “And, appreciate their passion for our military families.”
As an organization committed to providing resources and lifetime support to members of the U.S. Armed Forces and their families, the Semper Fi Fund helps injured service members to thrive beyond injury to recovery. As part of its Transition Program, Semper Fi Fund offers a broad array of assistance and education, including financial literacy.
To become a MoneyLion member, donate or just learn more about how MoneyLion and the Semper Fi Fund are helping transitioning service members this Veterans Day, please visit www.moneylion.com/military.
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 3 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. From a single app, users can get a 360-degree 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 is headquartered in New York City, with offices in San Francisco, Salt Lake City and Kuala Lumpur, Malaysia. For more information, visit www.moneylion.com or download the app here.
MoneyLion’s affiliate, ML Wealth LLC, is a Registered Investment Advisor with the SEC. MoneyLion Plus members’ investments are protected by the SIPC (Securities Investor Protection Corporation) for up to $500,000. Brokerage services provided to clients of ML Wealth by Drive Wealth LLC, a member of FINRA/SIPC. Other services provided by our affiliates including ML Plus, LLC. This communication and all data are for informational purposes only and do not constitute a recommendation to buy or sell securities. Past performance is no guarantee of future results. Keep in mind investing involves risk. The value of your investment will fluctuate over time and you may gain or lose money. Nothing in this communication should be construed as an offer, recommendation, or solicitation to buy or sell any securities or services.
About the Semper Fi Fund
The Semper Fi Fund provides urgently needed resources and lifetime support for combat wounded, critically ill and catastrophically injured members of the U.S. Armed Forces and their families. Case Managers from the Fund work one-on-one with service members and veterans to understand and support their individual needs right now and throughout their lifetimes. The Fund keeps its overhead extremely low in order to have the greatest impact on the lives of service members and veterans and has been awarded the highest ratings from watchdog groups: A+ from CharityWatch (one of only two veteran nonprofits to receive this rating last year), eight consecutive 4-star ratings from Charity Navigator (an achievement attained by only 3% of rated charities) and the Platinum Seal of Transparency from GuideStar. Learn more at semperfifund.org.