Last Updated:  July 8, 2019

General
The following terms and conditions (the “Terms”) are applicable to the Lion’s ShareSM Loyalty Program (the “Lion’s Share Program”) that ML Plus LLC and its affiliates (collectively, “MoneyLion”) provides to MoneyLion members (“member”, “you” or “your”) for engaging in certain membership-related activities. The Lion’s Share Program is offered at the sole discretion of MoneyLion. By participating in the Lion’s Share Program, you agree that you have read, understand and are bound by these Terms.

These Terms supplement and become a part of your MoneyLion Membership Program and Services Agreement (the “Membership Agreement”) and unless specifically stated in these Terms, terms defined in the Membership Agreement will have the same meaning in these Terms. In the event of a conflict between these Terms and the Membership Agreement, these Terms will control for purposes of the Lion’s Share Program only. Your use of any MoneyLion services or products, including making purchases with the MoneyLion Visa® Debit Card linked to your MoneyLion Checking Account, which is provided by Lincoln Savings Bank, Member FDIC (the “Bank”), constitutes your acceptance of the Lion’s Share Program. The Bank has no obligations relating to the Lion’s Share Program.

The terms and conditions of the Lion’s Share Program are subject to change or cancellation from time to time for any reason or no reason. MoneyLion may provide notice of changes to the Lion’s Share Program as and if required by applicable law. You should check these Terms frequently in order to understand the current terms and conditions that apply to the Lion’s Share Program. Your continued participation in the Lion’s Share Program will confirm your acceptance of any changes made to the program.

Loyalty Program Overview and Eligibility
The Lion’s Share Program is a way for MoneyLion to reward and thank its loyal members for utilizing the MoneyLion app, making certain purchases with their MoneyLion Visa® Debit Cards or taking certain other qualifying actions. You must apply to and be accepted as a MoneyLion Core Program or MoneyLion Plus Program member to be eligible for the Lion’s Share Program. By signing up for either a MoneyLion Core Program or MoneyLion Plus Program Membership, you will automatically be enrolled in the Lion’s Share Program. Additionally, you must be a MoneyLion Plus Program member enrolled in the $19.99 per month membership plan to earn and be entitled to receive Lion’s Share Monthly Payments (as defined in the Section entitled Participation and Benefits). MoneyLion reserves the right at any time to limit the number of participants in the Lion’s Share Program or in any individual Tier (defined below).


MoneyLion may limit or terminate your participation in the Lion’s Share Program or terminate any rewards, discounts or special offers you have earned under the Lion’s Share Program if you have violated these Terms, if you are not a MoneyLion member in good standing, if you have defaulted on any obligations under your Membership Agreement or any other agreement with MoneyLion, or if you have been inactive for a period of time determined solely by MoneyLion.

Participation and Benefits
The rewards and benefits you are entitled to receive under the Lion’s Share Program are dependent upon how frequently you take certain actions related to your MoneyLion Membership. The Lion’s Share Program is divided into different loyalty tiers (“Tiers”), which provide different levels of rewards and benefits under the program. There are five unique Tiers in the Lion’s Share Program: Mint, Bronze, Silver, Gold and Platinum. Your program Tier is determined at the end of each calendar month based on (i) how many days during that calendar month you logged into your MoneyLion App and swiped through to your “Streak” screen in the Financial Heartbeat (also accessible via the Strive icon) and (ii) how many Qualified Purchases (defined below) you made with your MoneyLion Visa® Debit Card during that month. The table below describes how you can earn status in a particular Tier:




 




MoneyLion members who earn status in a Tier above Mint for a given month will be entitled to a cash payout for that month (the “Lion’s Share Monthly Payment”), as further described below.  Additionally, earning status in a Tier may also make you eligible for certain rewards, benefits and offers applicable to that Tier, which may change from time to time and may be offered on a limited basis. Information regarding rewards, benefits and offers available to a particular Tier may be posted in the FAQ or may be communicated through other media (e.g., via email, direct communications, marketing communications, social media, etc.). Visit our FAQ to learn more about Tiers.

For purposes of the Lion’s Share Program, “Qualified Purchases” are purchases of at least $10.00 that you make with your MoneyLion Visa® Debit Card that post to your account during a particular calendar month, after subtracting any returns, credits or other adjustments. Qualified Purchases do not include balance transfers, cash advances, ATM transactions, finance charges, fees, interest charges, gambling transactions, unauthorized/fraudulent transactions and certain other charges. Transactions that are not Qualified Purchases (including those that are shown as pending or authorized but not posted to your account by the end of a calendar month) do not count toward your Tier status for that month. Purchases that otherwise constitute Qualified Purchases that are shown as pending or authorized at the end of a calendar month and post to your account in the following month will count toward your Tier status in the following month. MoneyLion receives transaction data regarding purchases (including as to whether a purchase is pending, authorized or posted to an account) from third-party merchants and payment processors. MoneyLion will not be responsible for any failure of a merchant or payment processor to provide timely or accurate information regarding a purchase to MoneyLion Lion’s Share Program Tiers are determined at the end of each calendar month. For clarity, you must re-qualify for a particular Tier status each month; Tier status is not maintained from month-to-month without re-qualification. MoneyLion reserves the right to change how you earn status in each Tier and how it  evaluates and defines each purchase and/or action required to earn status in a Tier.

Lion’s Share Monthly Payments (MoneyLion Plus Members Only)
At the beginning of each month, each participant in the Lion’s Share Program who is a qualifying MoneyLion Plus Program member on the $19.99 per month payment plan and who has earned status in a Tier above Mint will be entitled to a Lion’s Share Monthly Payment. The Lion’s Share Monthly Payment for the Platinum Tier will be $19.99 per month. Lion’s Share Monthly Payments for the other qualifying Tiers will vary from month-to-month. Currently, the expected Lion’s Share Monthly Payments are $7.00-$12.00 for the Gold Tier, $3.00-$5.00 for the Silver Tier and $1.00-$3.00 per month for the Bronze Tier.

Except for the Platinum Tier, the Lion’s Share Monthly Payments to be made to each qualifying Tier will be based on the aggregate membership activity across various MoneyLion products and services for the applicable month, as calculated by MoneyLion at the end of each month.  Based on this activity, MoneyLion will determine and allocate in its sole discretion a pool of funds to be rewarded to qualifying members in each of the Platinum, Gold, Silver and Bronze Tiers. The Lion’s Share Monthly Payments will be treated for tax purposes as a discount against a member’s monthly Membership Fee.  

Any Lion’s Share Monthly Payments to which you are entitled will be deposited into your MoneyLion investment advisory account (the “Advisory Account”). MoneyLion may, in its discretion, allow members to apply Lion’s Share Monthly Payments in different manners, such as applying the amounts toward outstanding amounts you owe on any loan you have borrowed from MoneyLion or its affiliates or partner banks. MoneyLion has sole discretion with respect to how Lion’s Share Monthly Payments are awarded under the Lion’s Share Program.  

To be eligible for Lion’s Share Monthly Payments, your MoneyLion Checking and Advisory Accounts must be open and in good standing, your MoneyLion Checking Account must have a positive cash balance, and you must be a MoneyLion member in good standing (which may include being current on payments of any loan you have borrowed from MoneyLion or its affiliates or partner banks).

Generally, Lion’s Share Monthly Payments will be awarded on a monthly basis within five business days of the end of the applicable month in which you earned status in a qualifying Tier.  Earned Lion’s Share Monthly Payments will be reflected on your Advisory Account statement. If either your MoneyLion Checking Account or Advisory Account is closed before the Lion’s Share Monthly Payments are awarded or if either account or your MoneyLion Membership is not in good standing at the time Lion’s Share Monthly Payments are to be awarded, all Lion’s Share Monthly Payments for the current month will be forfeited.

Lion’s Share Monthly Payments are non-negotiable and cannot be redeemed for any benefit except those designated by MoneyLion. Lion’s Share Monthly Payments do not have cash value until they are awarded pursuant to these Terms. Until they are awarded, Lion’s Share Monthly Payments are not property, and may not be brokered, bartered, attached, pledged, gifted, sold, or unless specifically authorized by MoneyLion, transferred to anyone else under any circumstances, including, but not limited to: disability, death or in connection with any domestic relations dispute and/or legal proceeding.

For any Lion’s Share Monthly Payments that are deposited into your Advisory Account, those funds will be subject to all of the terms and conditions of your ML Wealth LLC investment advisory agreement, which are reflected in ML Wealth’s Form ADV, available at https://moneylion.com/adv. Among other things, funds in your Advisory Account are not FDIC insured, may lose value and are subject to a $0.25 per-security broker-dealer withdrawal fee.

If any transaction(s) that led to your eligibility to receive a Lion’s Share Monthly Payment is either refunded, credited, or otherwise rescinded after Lion’s Share Monthly Payments have been awarded, MoneyLion may, in its discretion, withhold subsequent Lion’s Share Monthly Payments or collect any amount(s) you owe, in any appropriate manner, including, but not limited to, the posting of an equivalent dollar debit to your MoneyLion Checking Account or Advisory Account.
MoneyLion’s decisions regarding Lion’s Share Monthly Payment discrepancies shall be final.  Unless specifically authorized by MoneyLion, Lion’s Share Monthly Payments may not be combined with other discounts, special rates, promotions or other reward programs offered by MoneyLion.

Miscellaneous
MoneyLion can immediately suspend or disqualify you from the Lion’s Share Program, in whole or in part, at any time and for any reason. MoneyLion will suspend or disqualify you from the Lion’s Share Program if you violate any terms and conditions governing your MoneyLion Checking Account, Advisory Account or MoneyLion Membership, engage in fraud or suspected fraud or someone associated with your MoneyLion Checking Account or Advisory Account does so, misuse or game the Lion’s Share Program or if you take another similar action, according to MoneyLion in its sole discretion. If MoneyLion suspends or cancels your participation in the Lion’s Share Program, this action may prevent you from earning and/or using Lion’s Share Monthly Payments or other rewards and benefits available under the Lion’s Share Program, decrease Lion’s Share Monthly Payment values, cause you to lose Lion’s Share Monthly Payments and other rewards and benefits under the program, and/or require MoneyLion and the Bank to close your MoneyLion Checking Account and/or Advisory Account. You are responsible for all transactions and other activities resulting from the use of your MoneyLion Checking Account and associated MoneyLion Visa® Debit Card.

The Lion’s Share Program is available for personal, family and household use only. MoneyLion reserves the right to disallow or remove Lion’s Share Monthly Payments and any other rewards or benefits under the Lion’s Share Program awarded for transactions made for other than personal, family or household use.

You agree to release MoneyLion, the Bank and their respective parents, subsidiaries, affiliates, directors, officers, employees, contractors, agents and representatives from all liability for loss, claim, expense or damages sustained by you, in connection with the receipt, ownership or use of any Lion’s Share Monthly Payments or other rewards and benefits provided under the Lion’s Share Program. The foregoing parties shall not be liable for incidental, punitive, exemplary, indirect or consequential damages (including lost profits), and the sole extent of liability, if at all, shall not exceed $100. Neither MoneyLion nor the Bank is responsible for typographical errors and/or omissions in any Lion’s Share Program document.

You are responsible for determining any tax liability arising from participation in the Lion’s Share Program. Consult your tax advisor concerning tax consequences.

MoneyLion Lion’s ShareSM Loyalty Program
Terms and Conditions