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BUSINESS BANKING

Tailored Checking

Open online in minutes, and while you’re out hustling, we’ll put your money to work with an interest-bearing, cash back business checking account.
Apply Online
mobile

BUSINESS BANKING

Tailored Checking

Open online in minutes, and while you’re out hustling, we’ll put your money to work with an interest-bearing, cash back business checking account.
Apply Online

The Tailored Advantage

  • Earn unlimited 1.00% cash back on Qualified Purchases made with your Tailored Checking debit card after meeting eligibility requirements. *
  • Earn 0.10% APY when your account balance is $5,000 or more. *
  • Unlimited automatic ATM fee rebates. *
  • Sync your LendingClub deposit accounts to Mint®, QuickBooks®, or Quicken®.
  • No monthly maintenance fee for balances over $5,000. *
  • No minimum balance requirement after $100 to open.

The

Bank from Anywhere with LendingClub Mobile

A full-service bank at your fingertips

Available for iOS and AndroidTM

  • Real-time transaction history.
  • Pay bills, transfer funds, and send wires.
  • Mobile check deposits.
  • Create and send professional digital invoices.
  • Accept card, ACH, and lockbox payments.
  • Generate reports and reconcile transactions for accounting.

Bank from Anywhere with LendingClub Mobile

A full-service bank at your fingertips

Available for iOS and AndroidTM

  • Real-time transaction history.
  • Pay bills, transfer funds, and send wires.
  • Mobile check deposits.
  • Create and send professional digital invoices.
  • Accept card, ACH, and lockbox payments.
  • Generate reports and reconcile transactions for accounting.

Let’s Get Started!

Open an account online in under 10 minutes

Mobile Money Management

Tech for businesses on the go.

LendingClub Mobile App

LendingClub Mobile App

Bank anytime and anywhere with the power of a full-service branch in the palm of your hand. *

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Mobile Check Deposit

Mobile Check Deposit

Snap a photo of your check and deposit funds from anywhere in the world.

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Mobile Wallets

Mobile Wallets

Forget the clunky wallet—pay instantly, safely, and securely by adding your card to a mobile wallet app.

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Electronic Statements

Electronic Statements

Go paperless—view your business statements easier and faster, anytime and anywhere.

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Manage Card Controls

Manage Card Controls

Lock down your debit card in just a tap within the Cards section of your LendingClub Mobile app.

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Autobooks

Autobooks

We provide an integrated suite of services, tailored to the unique needs of small businesses, including receivables, payables, payments and accounting.

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Additional Services Available

Business Bill Pay

Business Bill Pay

Send one-time and recurring electronic payments and checks to companies and individuals.

Remote Deposit Capture

Remote Deposit Capture

Spend less time making deposits and more time earning them.

ACH Origination

ACH Origination

Manage your electronic payments online to quickly and efficiently disburse funds to employees or vendors.

Business Checks

Business Checks

Standard business checks available to order.

Digital Banking,
Made Human
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.
Safe & Secure
Security
We use 256-bit encryption to ensure that data is protected with the highest level of security.
FDIC Insurance
Your deposits are FDIC-insured up to the maximum amount allowed – $250,000. *
Customer Support
Have a question? We’re here to help. Chat with us online, or reach us by phone or email.

Applying for a New Account

You can apply online for a business account. Simply select the “Apply Now” button located above. Then enter your personal details and information about your business, verify your information and fund your account. You will receive confirmation at the end of the application if your account has been approved. If not, you will receive an email notification.
You can open multiple accounts with us. Once you have your first account opened and have enrolled in online banking, you’ll see an option to open another account.

To open an account, you need to be a US resident or US permanent resident and your business must be located within the US.

Please have the following information available about your business:

  • Company’s legal name or DBA
  • EIN or tax ID
  • Address of your company’s headquarters
  • Mailing address

You’ll also need the following information about each person who owns 25% or more of your company and one control person:

  • Percentage of ownership
  • Personal email address
  • Mobile phone number
  • Address
  • Date of birth
  • Social Security Number

You will need to fund the account with a minimum of $100.

You can apply for and open a Tailored Checking account entirely online in about 7 minutes, start to finish.
Yes, we do a soft pull of your credit. Soft pulls do not affect your credit score. Please note, if you have placed a credit or security freeze on your credit report your application may need to be manually reviewed. If the application needs to be manually reviewed, the process can take up to 5 business days.
Yes, a web presence must be entered when applying for a Business Tailored Checking Account. A social media presence for your business or an online website would suffice.
If you are a sole prop and don’t have an EIN, you should enter in your SSN in the EIN section.
Yes, you can apply! Select “non-profit” as the type of business in the online application process to enter in the information required to apply.

My Tailored Checking Account

If you keep a balance of $5,000 or more, there is no monthly maintenance fee for this account. If your account has less than $5,000 you will be charged a $10 monthly maintenance fee. Wire and ACH fees and limits may apply, depending on the type of transaction. Click here to see the fees.
There is no monthly minimum balance you must keep in the account. To not be charged a monthly maintenance fee, your account must have a balance of $5,000 or more.

You can add additional signers via online and mobile banking. Just click on the gear bar to open up Access Manager. Here is where you can add users and define their different levels of access:

  • Account Holder – This user is the business owner/signer, the first signer (if multiple) to enroll in online banking. This user can add/edit other online banking users.
  • AAdmin – A user that has all the same permissions as the Account Holder in online banking. They do not need to be a signer. This access can be edited by Account Holder and other Admins.
  • ACollaborator – A user that cannot manage other business banking users. They have all other permissions that involve depositing/withdrawing i.e. wires, ACH transfers, paying a bill/person, mobile deposit, etc.
  • AViewer – A user that can access the financial information in a read-only fashion. This user can still make some changes like editing their two factor-authentication devices. This is a great option for a bookkeeper that needs to see the transactions but does not need to participate in them.
Yes, business accounts can process wires via online and mobile banking. Click on Transfer & Pay and you’ll see an option for Wire. For more information on wire transfers go here.
Yes! Etsy and Square are processed as external transfers and can take a few days to process. Click here for more information on transaction holds and timing.
Wire and ACH fees and limits may apply, depending on the type of transaction. Click here to see the fees. We do not charge a per-transaction fee for ACH transfers. Tailored Checking accounts, which permit unlimited ACH transactions, have a monthly maintenance fee of $35 per month.
The initial deposit will typically be processed within 2-3 business days. Once the funds are deposited, for the first 30 days of an account opening, any deposits (including the opening deposit funds) and transfers will be held for 5 business days (not including weekends).
Yes, you can connect your account to QuickBooks, Quicken, and Mint. For more information visit our Connect to Intuit.
Yes, we integrate with Autobooks. Learn more about accepting payments.
Click here for more information on transaction limits for businesses.

Debit/Credit Cards

Debit cards are automatically ordered at account opening and shipped to your mailing address.
After you open your account, debit cards should arrive via mail within 7-10 business days once your application has been approved.
We do not offer business credit cards, but we do partner with Elan Financial Services who does. Click to learn more.

How Do I…?

You can withdraw funds from the account in two ways.

The first way is at any ATM worldwide, use your LendingClub debit card to withdraw funds at the ATM. We will never charge you a fee to use an In-Network MoneyPass or SUM ATM. If another financial institution does charge a fee at the point of withdrawal, we will rebate you the fee at the end of the month the withdrawal was made. International exchange fees are not rebated. Find a fee-free ATM.

The second way is to transfer funds to your account at another financial institution.

To earn interest on your Tailored Checking account, you must keep a balance of $5,000 or more within the account. At the end of each month the interest payment will be deposited into your account.

It’s easy to get funds into your Tailored Checking account to manage and grow your business. You can deposit cash, accept payments and send invoices, use mobile check deposit, or make wire and ACH transfers from another banking institution. We do not charge for ACH transfers.

  • Cash– You can deposit cash in a deposit taking ATM in either the MoneyPass or Sum Network. Click here to see locations.
  • Accept payments and send invoices – You can sign up at no charge for our AutoBooks service, allowing you to collect payments from vendors and customers alike and having it flow directly into your Tailored Checking account. Simply go to the More menu selection in your online banking app and select Create an Invoice.
  • Mobile Check Deposit – Use your LendingClub mobile app to snap a picture of your check and deposit into your account.
  • Wire/ACH Transfer – Transfer funds from your account at another financial institution

Cash Back Rewards

You must have a Tailored Checking account open for at least 30 days and keep an average balance of $5,000 or more in your account. Cash back is only available for online and in-store signature-based (“credit”) purchases made with your debit card linked to a Tailored Checking account.

Tip: When shopping in store select “credit” instead of “debit” at the point-of-sale where available to ensure you receive the cash back. The cash back you earn will automatically be credited to your account at the end of the month following the earning period.

Select the “credit” button, sending the transaction through the credit card processing network. A hold is placed on the money for the transaction in your account, which clears or processes in a day or two. You have to use this debit function if you want to be eligible to receive cash back during your transaction. It is important to note that when you are using your debit card for online purchases, your card will automatically run as a credit transaction.
Yes, when you use your debit card for an online purchase your card will automatically run as a credit transaction, making the purchase eligible for cash back should your account meet the qualifications.
The cash back you earn will automatically be credited to your Member Rewards Checking account at the end of the month following the earning period, for each month that qualification requirements are met.