Last Updated: 01/21/2026
SuperMoney User Recommendation Score +55
Strongly recommended11 total votes
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Highlights
Community Rating
Strongly recommended
Welcome Offer
N/A(Verified 09/28/2022)
Cashback Rewards
1%
APY (Annual Percentage Yield)
0.1% - 0.15%(Verified 06/21/2024)
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Monthly Service Fee
$0(Verified 01/21/2026)
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Number of Reviews
LendingClub Personal Checking Account Review
The LendingClub Personal Checking Account is offered by LendingClub Inc, a marketplace lending platform founded in 2007 and based in San Francisco, CA. LendingClub 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 here for full 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.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- $100 minimum opening deposit. This is a typical minimum initial deposit.
- No ATM fees. LendingClub Personal 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 when you enroll in LendingClub Inc mobile or online banking.
- Early direct deposit. You could have access to you paycheck funds faster if you set up a direct deposit to this account.
LendingClub Checking Account Pros & Cons
| Pros | Cons |
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LendingClub Checking Account FAQ
Are checking accounts from LendingClub Inc federally insured?
Yes, your deposits are insured 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 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.
| 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.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $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.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Service Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ATM Fee: In-Network | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ATM Fee: Out-of-Network (within the U.S.) | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NSF Fee | $25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Returned Deposit Fee (Domestic) | Starting at $8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Online Bill Pay Fee | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stop Payment Fee | Starting at $25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - US Domestic (Outgoing) | Starting at $20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - International (Outgoing) | Starting at $40 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - International (Incoming) | Starting at $10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Returned Deposit Fee (International) | Starting at $8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wire Transfer Fee - US Domestic (Incoming) | Starting at $10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What features and perks does LendingClub Checking Account offer?
This account includes the following features:
- ATM rebates - This account will reimburse you for 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.
- Eligible for early pay - If you set up an eligible direct deposit with your employer, you may be able to collect your paycheck up to two days early.
- Mobile Banking Services - LendingClub Checking Account allows you to manage your money online or with a mobile app. This includes depositing checks1 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 privacy@lendingclub.com.
How do people rate the customer service and user experience of LendingClub Checking Account?
Overall, LendingClub Checking Account is strongly recommended based on community reviews that rate customer service and user experience.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
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 Checking Account
Hours of Operation
Sunday
All Day
Monday
All Day
Tuesday
All Day
Wednesday
All Day
Thursday
All Day
Friday
All Day
Saturday
All Day
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Learn MoreSuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +55, or 4.1 on a 5-point rating scale.
+55
-1000+100
No one recommends
Everyone recommends
LendingClub Personal Checking Account Community Reviews
Would you recommend LendingClub Personal Checking Account to your friends?
Mohammed M.
Mar 4, 2022
May or may not recommend
Interest rates are too high and they bombard you with spam emails and phone calls right after you show a little interest.
MM
Munib M.
Feb 6, 2022
May or may not recommend
Smooth and quick. All my CC debts were paid quickly and the remaining portion of the loan was deposited directly into my account within 2 days. 11.04% interest rate has now replaced the insane 24.98% I was overpaying. They should drop the origination fee though.
CR
China R.
Feb 1, 2022
May or may not recommend
After reading through the features and overview, I instantly loved it. The main thing that caught my attention was the early direct deposit. It is so helpful to have access to my checks faster, that way it’s easier to pay bills.
IB
Ibinabo B.
Jan 20, 2022
May or may not recommend
Personal Checking Account is just what I needed to boost my confidence in my financial state. They're a mixture of class, prestige and zest.
Celeste D.
Jan 18, 2022
May or may not recommend
I am so happy I found LendingClub Personal Checking Account. Being able to use my debit card and not be charged any fees can't be beat. I've been using this account for the last year and it is the best checking account I have had so far.
Muhammad A.
Jan 4, 2022
May or may not recommend
This loan, although a slightly higher interest rate, is a preferable option for those who want to pay off debts in a shorter period of time without accruing additional interest. That is what justifies the use of this loan. It's simple to fill out an application and get it approved.
JN
Joel N.
Dec 21, 2021
May or may not recommend
I filled out their personal loan application in the past. I wasn't approved for the loan so have neither a positive nor negative opinion on this company.
MS
Mohammad S.
Dec 21, 2021
May or may not recommend
I definitely recommend LendingClub Personal Checking Account to anybody! With zero monthly fee and zero atm fee (even out of network) you are getting a steal. You are also gaining a .1-.15 APY making your money work for you. I highly recommend this for anybody.
DH
Denicki H.
Dec 1, 2021
May or may not recommend
There is no monthly fee, and the APY is very loan, which makes the lending club much easier than most for using as a checking account. On the other hand, there aren't too many ATMS that could be used for them so there are cons and pros.
SB
Shelby B.
Nov 18, 2021
May or may not recommend
The costumer service at this bank is wonderful, the employees answered any questions I had when banking with them. There are a few fees but not like other bank accounts that charge 10$ a month just for having the account! Great bank will definitely be recommending to friends and family
ES
Emily S.
Nov 2, 2021
May or may not recommend
It's still a lot to navigate how exactly the LendingClub works. I know a lot of people around me use it because there's no monthly fee or any low balance fees. I had an account with them at one point but found out that other banks had better incentives and easier websites to navigate.
Showing 11 of 11 reviews
