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LendingClub Personal Checking Account

in Checking Accounts from LendingClub Inc

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LendingClub Personal Checking Account

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in Checking Accounts from LendingClub Inc

Net Recommendation Score +33

SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly recommended by SuperMoney users with a score of +33, equating to 3.7 on a 5 point rating scale.

+33

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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1 user recommends
2 users are unsure
0 users don't recommend
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Highlights
Community Rating

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Monthly Fee $0
ATM Fee: Out-of-Network $0
Minimum Balance to Avoid Monthly Fee N/A
APY (Annual Percentage Yield) 0.1% - 0.15%

LendingClub Personal Checking Account Review

LendingClub Personal Checking Account is offered by LendingClub Inc, a marketplace lending platform founded in 2007 and based in San Francisco, CA. LendingClub Personal Checking Account is available in 50 states (and Washington, DC).

Key Takeaways
  • 1% Cash back. LendingClub Personal Checking Account offers rewards on purchases (see terms and conditions for details).
  • Higher than average APY. LendingClub Personal Checking Account has an annual percentage yield of up to 0.15%, which is higher than the national average interest rate on savings accounts. Note that you must keep a minimum balance of $2500.
  • $0 monthly fee. This account does not charge a monthly Service Charge.
  • $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 Personal Checking Account does not charge fees on ATM transactions.
  • ATM fee reimbursements. 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.
  • Early direct deposit. Get access to you paycheck funds faster If you set up a direct deposit to this account.
LendingClub Checking Account Pros & Cons
Pros Cons
  • Available in all 50 states.
  • Interest-yielding account.
  • Access to physical branches.
  • Free debit card and the option to lock/unlock the card if lost or stolen
  • No signup bonus.
  • Not FDIC-insured.
  • Higher than average wire transfer fees.
LendingClub Checking Account FAQ

Are checking accounts from LendingClub Inc federally insured?

No, your LendingClub Inc checking accounts are not insured by a federal insurance agency. This means that if LendingClub Inc were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.

What APY does LendingClub Checking Account offer?

LendingClub Checking Account offers an APY starting at 0.1% and ranging up to 0.15% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep an average beginning day balance of at least $2500.

LendingClub Checking Account Rates and Terms
Rates Amount
APY (Annual Percentage Yield) 0.1% - 0.15%

What are the account minimums for LendingClub Checking Account?

LendingClub Checking Account requires a minimum initial deposit of $100 to open an account.

LendingClub Personal Checking Account Minimums
Description
APY Minimum Balance $2,500
Minimum Opening Deposit $100

What fees does LendingClub Checking Account charge?

The good news is that this account does not have a monthly Service Charge.

LendingClub Personal Checking Account Fees
Description
ATM Fee: In-Network $0
Monthly Fee $0
NSF Fee $25
Online Bill Pay Fee $0
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) $20
Wire Transfer Fee - International (Incoming) $10
Wire Transfer Fee - International (Outgoing) $40
ATM Fee: Out-of-Network $0

Does LendingClub Checking Account charge overdraft fees?

What features and perks does LendingClub Checking Account offer?

This account includes the following features:

  • ATM reimbursement - This account will reimburse you for any domestic ATM fees.
  • Fraud monitoring - LendingClub Checking Account monitors transactions for potentially unauthorized activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Get paid early - If you set up direct deposit with your employer and request this service, you can collect your salary early.
  • Mobile Banking Services - LendingClub Checking Account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.

What is the customer support email for LendingClub Checking Account?

The customer support email for LendingClub Checking Account is bankhelp@lendingclub.com.

How do people rate the customer service and user experience of LendingClub Checking Account?

Overall, LendingClub Checking Account is mostly recommended based on community reviews that rate customer service and user experience.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From LendingClub Personal Checking Account

Apply online for a free checking account today and start earning 1% cash back on everyday purchases.

At LendingClub, we put our customers at the center of everything we do. That’s why we focus on providing products and services that are not only convenient but help to make life easier.

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

APY Minimum Balance $2,500
Minimum Opening Deposit $100
ATM Fee: In-Network $0
Monthly Fee $0
Online Bill Pay Fee $0
ATM Fee: Out-of-Network $0
NSF Fee $25
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) $20
Wire Transfer Fee - International (Incoming) $10
Wire Transfer Fee - International (Outgoing) $40
Account Features
  • No ATM Fees
  • Free Bill Pay
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • ATM Reimbursement
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Debit Card Lock/Unlock
  • Fraud Protection
  • Debit Card
  • Get Paid Early
  • Branch Access
  • Member FDIC
Cashback Rewards 1%
APY (Annual Percentage Yield) 0.1% - 0.15%

LendingClub Personal Checking Account Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly recommended by SuperMoney users with a score of +33, equating to 3.7 on a 5 point rating scale.

+33

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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