Best MoneyLion alternatives

#1 alternative

Chime

active

US spend account with early paycheck and no monthly fee.

4.7

San Francisco · 22M+ · $2.3B raised

7.1Solid

Correct product for a US paycheck, wrong product if you need a chartered bank or to wire overseas. Always name Bancorp/Stride when someone asks ‘is Chime FDIC insured.’

Best for: US hourly and salaried workers who want early direct deposit and no monthly fee.

Licence

Partner-bank fintech

Protection

Pass-through FDIC up to $250,000 per depositor, per insured bank, per ownership category at The Bancorp Bank, N.A. or Stride Bank, N.A. Chime itself is not FDIC-insured (Chime About).

Monthly

Free

#2 alternative

SoFi

active

SoFi Bank, N.A. is an OCC national bank and FDIC member. Investing sits in a different company.

NaN

San Francisco · 10M+ · Public (SOFI)

7.8Solid

Yes, SoFi is a real bank. SoFi Bank, N.A. holds an OCC national charter and is FDIC-insured. That is the whole point of this file. Deposits live at the bank. Stocks live at SoFi Securities LLC, which is SIPC, not FDIC. Use it for a US salary and savings. Keep a proper FX app for anything that is not the dollar.

Best for: US persons who want a real national bank plus a brokerage in one login — not a partner-bank neobank.

Licence

National bank charter

Protection

SoFi Bank, N.A. Member FDIC. Core cover is $250,000 per depositor per ownership category at SoFi Bank. SoFi’s own FDIC page: the bank does not provide more than $250,000 of FDIC insurance per depositor per category. Additional cover up to $3M is only via the opt-in Insured Deposit Program at participating banks — not the core checking balance.

Monthly

$0 on Checking and Savings

#3 alternative

Ally Bank

active

US online bank. OCC. FDIC. No branches on purpose.

4.8

Detroit · Direct-bank scale · Listed (NYSE: ALLY)

7.7Solid

Ally Bank is the US salary object on this alphabetical list. OCC, FDIC, Detroit. Chime and Albert are fintechs. SoFi Bank and Varo Bank are the other charters. Use Ally when you want the deposit at the name on the app.

Best for: US persons who want a real online bank for salary and savings, not a partner-bank debit.

Licence

Ally Bank, Member FDIC, national bank

Protection

FDIC up to $250,000 per depositor, per insured bank, per ownership category — at Ally Bank, not a fintech partner

Monthly

$0 on core spend/save

#4 alternative

Deblock

active

French euro account plus crypto. Deblock SAS is an e-money institution, not a bank. No FGDR on the euro balance.

Lille · EMI + CASP · Private

6.9Mixed

Deblock is not a bank. Deblock SAS is a Lille e-money institution with an AMF crypto licence. The euro balance is e-money, not an FGDR deposit. Use it as a crypto-friendly euro account. Do not use it as a French salary bank unless you are comfortable without deposit insurance.

Best for: EEA residents who want a euro card and crypto in one French EMI, and who accept there is no FGDR.

Licence

Electronic money institution

Protection

No FGDR on the euro balance. Euros are safeguarded e-money. Crypto is self-custody. Deblock is not a credit institution.

Monthly

Standard free. Premium €10/month.

#5 alternative

GCash

active

The Philippines’ scale wallet. G-Xchange, Inc. is an e-money issuer. The wallet is not a bank deposit.

Taguig · ~94M have used GCash · Mynt / Globe

6.9Mixed

GCash is the wallet. UNO is the bank. G-Xchange, Inc. is a BSP e-money issuer. The GCash balance is e-money, not a deposit, and PDIC does not cover it. If you want insurance, open GSave at a partner bank and read that bank’s name. File GCash on Wallets, never on Neobanks.

Best for: Everyday peso payments in the Philippines. Not a PDIC bank account.

Licence

Electronic money issuer

Protection

The GCash wallet is not PDIC-insured. GSave balances sit at partner banks and follow those banks’ PDIC cover.

Monthly

No monthly fee on the wallet. Cash-in, cash-out and some transfers have fees.

#6 alternative

PhonePe

active

Indian UPI super-app. Wallet and payments layer. Not a bank.

Bengaluru · UPI scale · Walmart / PhonePe Private Limited

7.2Solid

PhonePe is how a large share of India moves INR. That does not make it a neobank. File it on Wallets. Put the deposit at the scheduled bank behind the UPI handle. Directories that drop PhonePe into “best Indian neobanks” are counting MAU as a charter.

Best for: Indian residents who want a UPI front end.

Licence

Payments app / PPI + UPI stack — not a commercial bank

Protection

UPI pulls from the linked bank. PPI wallet float follows RBI prepaid rules, not a commercial-bank DICGC box on “PhonePe Bank”. There is no PhonePe Bank on this file.

Monthly

UPI is typically free at the handle. Confirm live wallet fees.