MoneyKey Review

MoneyKey Review [Is The MoneyKey App Legit? 2022]

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MoneyKey Review

Whether you need a loan to repair your HVAC system or just to get you through the next few weeks until payday, there are more lending options than ever before.

In the past, if you needed access to cash and didn’t have a credit card, your only choice was to go to a brick and mortar bank, credit union, or payday lender.

Now, however, thanks to the internet, hundreds of online lenders can provide you access to the loans you need without ever leaving your home.

One of these online platforms that you may find while searching for a loan is MoneyKey.  Let’s take a closer look at MoneyKey, so you understand the services they provide as you shop for an online loan.  

Onto our MoneyKey review!

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Services Provided

  • Payday Loans
  • Installment Loans
  • Lines of Credit 

MoneyKey Pros and Cons

Here are some of the key pros and cons for MoneyKey you should consider: 


  • Ease of Use. Using MoneyKey is really simple to use. Its online forms are intuitive, and the website is really easy to navigate. Additionally, for people who are not internet savvy, the platform also has a toll-free number you can call to apply for a loan or line of credit, too. 
  • Speed If you need a loan fast, MoneyKey is a great lending service to choose. Upon approval, many borrowers receive their funds within 24 hours.  
  • Customer Service. MoneyKey has great customer service and has multiple ways to contact customer service reps to help you with all steps of applying for a loan and managing your account. 


  • High Interest Rates. Interest rates for MoneyKey’s loans tend to be higher than many other lenders, so you may pay more for the ease at which you can apply for and receive a loan on the platform.  
  • Limited Availability MoneyKey is only available in a handful of states and its services and rates vary from state to state, too. So, if you live in a state where MoneyKey does not operate, you will have to scout out a different lender. 

RELATED: LendingTree Review.

MoneyKey Loans

What is MoneyKey?

MoneyKey is an online lender specializing in loans with a rapid approval timeline. The company was founded in 2011 and is headquartered in Wilmington, Delaware.

While nine years does not seem like a long time, it is eons in the online lending industry; MoneyKey is a well-established online lender compared to many of its rivals you may find on a Google search.

MoneyKey provides borrowers installment loans, payday loans, and lines of credit. Its key feature is the ease and speed at which borrowers can obtain their cash; in some cases, funds are deposited within a day of loan approval.

The rates and terms of MoneyKey lending products, as well as their availability, vary from state to state. 

MoneyKey Eligibility Requirements

In order to use MoneyKey’s services, you have to be a U.S. citizen or permanent resident and be of legal age in your state; you must also have an active bank of course and some sort of stable source of income as well.

Prospective MoneyKey borrowers must have a valid telephone number and an active email address. Additionally, borrowers must be a resident of a state in which MoneyKey is offered, too.

Currently, the platform is a direct online lender in Delaware, Idaho, Kansas, Mississippi, Missouri, New Mexico, Tennessee, Utah, and Wisconsin.

In Texas, MoneyKey arranges loans as a Credit Access Business and a Credit Services Organization.

Finally, MoneyKey does not offer credit products with rates that allow the platform to lend to covered members of the US armed forces or their dependents

MoneyKey Logo

How Does MoneyKey Work?

Using MoneyKey to obtain a loan or line of credit is simple and you can apply for a loan or line of credit 24 hours a day, seven days a week. 

They have a streamlined, easy-to-follow web application form that you fill out as it prompts you to do so. The initial application process only takes five to ten minutes to complete.

Once your loan application is uploaded, it is rapidly reviewed by a MoneyKey loan specialist; you will likely have to verify or validate some of the data you uploaded or provide other relevant information; again.

This second stage of the loan application process is fast as well. If you’re approved for a loan from MoneyKey the platform will then deposit the funds in the bank account you provided; this often happens within one day of loan approval.

While most customers apply for a MoneyKey loan in the process described above, you can also call the platform’s customer service number (see below) and apply for a loan by phone as well. 

MoneyKey Customer Service

Individuals who have questions about MoneyKey or its services can look for answers themselves on its intuitive website, which has a thorough frequently asked question (FAQ) page. Customers or interested parties can also call 1-866-255-1668 to talk to a MoneyKey customer representative.

The Customer service center’s hours are 9 am – 9 pm Monday through Friday, ET 10 am – 6 pm Saturdays, and 11 am – 7 pm ET on Sundays.

You can call the customer service number to apply for a loan as described above too. Customers can also email the platform at [email protected], or use its online chat function Monday through Friday from 11 am to 7 pm as well. 

MoneyKey Reviews and Complaints

MoneyKey has 4.6 stars on Trustpilot based on over 2,445 reviews, which is considered excellent. 88 percent of reviewers rated MoneyKey’s services as excellent or great, while only 7 percent rated them as poor or bad. MoneyKey is not accredited with the Better Business Bureau and carries a “B” rating with the BBB. 

MoneyKey Alternatives

There are other websites offering services comparable to MoneyKey; these sites include sites like LendingClub, and some of the other more popular online lending platforms like Credible and Sofi as well.

Each one of these sites operates differently and has varied loan terms and conditions, but they are all worth checking out as you search online for a loan or line of credit. 

Alternative sites that offer loans like MoneyKey:

Frequently Asked Questions (Faq)

Below we answer some of the most common questions about MoneyKey loans.

Is MoneyKey legit?

MoneyKey is an established online lender offering payday loans, installment loans, and lines of credit. The terms and rates of MoneyKey products vary from state to state, so be sure to do your research before you make any financial commitment.

MoneyKey Review: Parting Thoughts

If you need a personal loan or line of credit really fast, you should definitely check out MoneyKey. The platform is easy to use and well-regarded by customers, even if its rates are a bit higher than some competitors and it isn’t available everywhere. So, check out the MoneyKey platform when you get a chance, and see if it could work for you.  

Find Out More

Check out MoneyKey loans on their website


Enjoy our MoneyKey review?

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