LendingClub Tailored Business Checking Account
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Business Checking Accounts from LendingClub Inc
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LendingClub Tailored Business Checking Account
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| Community Rating |
Rating not yet determined |
| Monthly Fee | $0 - $10 |
| ATM Fee: Out-of-Network | Starting at $0 |
| Minimum Balance to Avoid Monthly Fee | Starting at $5,000 |
| APY (Annual Percentage Yield) | 0% - 0.1% |
LendingClub Tailored Business Checking Account Review
LendingClub Tailored Business Checking Account is offered by LendingClub Inc, a marketplace lending platform founded in 2007 and based in San Francisco, CA. LendingClub Tailored Business Checking Account are available in 50 states (and Washington, DC).
Key Takeaways
- Low APY. The maximum annual percentage yield for this account is only 0.1%.
- Charges a monthly fee. This account charges a monthly service fee of up to $10, but the fee is waived if you keep a minimum balance of $5,000.
- $100 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
- No ATM fees. LendingClub Tailored Business Checking Account does not charge fees on ATM transactions.
- ATM fee rebates. This account will reimburse you for ATM fees (see terms and conditions for details).
- Bill pay. Pay your bills to practically anyone in the United States through LendingClub Inc.
LendingClub Tailored Business Checking Account Pros & Cons
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LendingClub Tailored Business Checking Account FAQ
Are business checking accounts from LendingClub Inc federally insured?
Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
What APY does LendingClub Tailored Business Checking Account offer?
LendingClub Tailored Business Checking Account offers an APY starting at 0% and ranging up to 0.1% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $5000.
| Rates | Amount |
|---|---|
| APY (Annualized Percentage Yield) | 0% - 0.1% |
What are the account minimums for LendingClub Tailored Business Checking Account?
LendingClub Tailored Business Checking Account requires a minimum initial deposit of $100 to open an account.
| Description | Amount |
|---|---|
| Minimum Initial Deposit | $100 |
| APY Minimum Balance | $5,000 |
| Minimum Balance to Avoid Monthly Fee | $5,000 |
What fees does LendingClub Tailored Business Checking Account charge?
This account charges a monthly maintenance fee of up to $10.
| Description | |
|---|---|
| ATM Fee: In-Network | $0 |
| ATM Fee: Out-of-Network | Starting at $0 |
| Monthly Fee | $0 - $10 |
| NSF Fee | $25 |
| Online Bill Pay Fee | $0 |
| Overdraft Item Fee | $5 |
| Returned Deposit Fee (Domestic) | $8 |
| Returned Deposit Fee (International) | $8 |
| Stop Payment Fee | $25 |
| Wire Transfer Fee - Domestic (Incoming) | $10 |
| Wire Transfer Fee - Domestic (Outgoing) | $18 |
| Wire Transfer Fee - International (Incoming) | $10 |
| Wire Transfer Fee - International (Outgoing) | $40 |
What features and perks does LendingClub Tailored Business Checking Account offer?
This account includes the following features:
- ATM reimbursement - This account will reimburse you for the ATM fees charged by other networks.
- Fraud monitoring - LendingClub Tailored Business Checking Account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
- Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - LendingClub Tailored Business Checking Account allows you to manage your money online. This includes depositing checks in your account with your smartphone.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
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Message From LendingClub Tailored Business Checking
Contact
- Headquarters
-
595 Market St
Suite 200
San Francisco, CA 94105 USA - (888) 596-3157
- Visit Site
- Email Support
Other Services by LendingClub Inc
Availability
Available in 50 states and Washington, D.C.
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- Washington, DC
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
| Minimum Balance to Avoid Monthly Fee | Starting at $5,000 |
| Minimum Balance to Earn APY | $5,000 |
| Minimum Opening Deposit | Starting at $100 |
LendingClub Tailored Business Checking Account Community Reviews
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