Is "Transfer MoneyLion Instacash" fraud?

Written by Sage Wallace

June 18th, 2024

Medium Risk

About "Transfer MoneyLion Instacash"

MoneyLion is a financial technology company that was founded in 2013. It provides a variety of financial products and services including banking, lending, and investment management. The company offers mobile banking services with features such as mobile deposits and direct deposits. It also provides personal loans and credit-building loans aimed at helping users manage their finances more effectively. Additionally, MoneyLion offers investment accounts that allow users to invest in diversified portfolios. Overall, the company focuses on integrating financial services into a unified platform for its customers.
  • Transfer: Type of transaction
  • MoneyLion: Service provider involved in the transaction
  • Instacash: Specific product or service used in the transaction
  • Find & fight fraud from anywhere

    Verify With Receipt

    The best way to tell if this charge is fraudulent is to find the receipt. You may have an electronic copy of the receipt, which you can finding by searching in your email accounts for.
    Or, if you want to automatically find and reconcile receipts so you never worry about fraud, you can use SimplyWise to automatically match all bank and credit card transactions to email and paper receipts. The app instantly reconciles your expenses and flags anything that doesn't match.
    Step 1

    Connect your email

    Download the SimplyWise app and connect your email account. SimplyWise will search through your emails and find all the receipts in your inbox. This allows you to understand what exactly you are paying for when you see a bank transaction on your statement.
    Step 2

    Connect Your Bank

    Connect to your bank account/credit card transactions through the secure (256 bit encryption) Reconciliation feature within the app.
    Step 3


    Reconcile the charges reported by your financial institution against what you've recorded in your SimplyWise account. Find fraud quickly! SimplyWise will match your transactions to your bank/credit card spending and check those items off.
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