Logo

How does early direct deposit work?

When you set up direct deposit into your LendingClub bank account, we make your funds available as soon as we receive notification from the depositor when funds will be available. Instead of holding on to the funds until your official deposit date from your employer, you may receive your funds up to two days early. Early receipt is contingent upon and subject to the payor’s support of such features.

LendingClub Resources

Related Articles
Helping your money grow may feel like a daunting task, especially if you’re not used to keeping a close eye on your cash. However, making your money work for you doesn’t have to be complicated or time-consuming.
Dec 11, 2024
5 min read
seated smiling couple looking at their phone and tablet
We all experience costly, unplanned expenses from time to time—a broken appliance, an auto accident, a surprise medical bill, a loss of income. Having a dedicated emergency fund can not only provide the reassurance you’ll be able to meet unanticipated financial needs, it’s also one of the first essential steps you can take to start saving. Putting even a small amount aside for emergencies can help you recover more quickly and get back to meeting your financial goals that much faster.
Dec 7, 2024
7 min read
Blog EmergencyFund
Creating the discipline necessary for saving money on a regular basis is one of the keys to establishing a solid financial future. Whether that means not letting late fees eat away at your bank account, or methodically setting aside a certain amount of money for your next great adventure, saving takes patience and practice.
Dec 2, 2024
4 min read
Older couple sitting at counter reviewing finances together
Your spending habits play a big role in your overall financial well-being. How you spend (or don’t) can influence how much debt you carry, what your emergency fund looks like, and even play a part in how you feel emotionally about your financial picture.  
Nov 30, 2024
5 min read
5 proven ways to spring clean your spending
If you’re feeling a pinch in your wallet this year you’re not alone. With inflation, supply chain issues, high gas prices, and wage stagnation, many Americans are feeling anxious about their financial well-being heading into the holiday season.
Nov 24, 2024
5 min read
Best Ways to Reduce Spending and Save Money Over the Holidays
Related Impact
From groceries and diapers to Halloween costumes for pets, nearly 60% of American consumers prefer to shop online for everyday items that make life more convenient, comfortable, and enjoyable. And with rising prices showing no signs of stopping anytime soon, we’re pleased to introduce StackitTM from LendingClub Bank—a new browser extension that automatically finds and rewards eligible members with coupons and cash back for extra savings at more than 15,000 favorite online retailers.
Nov 13, 2022
2 min read
blog header stackit 765x430 v1-1
Even in today’s low-yield, high-inflation environment, it’s essential to keep a certain amount of money in an easy-to-access checking or savings account for things like daily household and emergency expenses, or to meet short-term financial goals.
Oct 2, 2022
5 min read
LendingClub Rewards Checking Nationally Certified as Trusted, Afforda
Since 2007, LendingClub has been on a mission to deliver a world-class experience to all our members. This month we took a moment to reflect on the more than four million members who have chosen LendingClub as their partner to help them reach their financial goals.
Apr 19, 2022
2 min read
Illustration of large number 4 and letter M made up of colorful, tiny illustrations of ethnically diverse people
In March 2022, we hosted our first quarterly webinar where we celebrated our one-year anniversary as a digital marketplace bank. 
Mar 6, 2022
less than a minute read
Blog-post
LendingClub completed the acquisition of Radius Bank in February 2021. At that time, in addition to the direct-to-consumer deposit business, we inherited a fintech partner program, and several lending businesses. As we reach the one-year anniversary of the acquisition, and in conjunction with the conclusion of a strategic review of our business operations, we have made the decision to discontinue certain businesses that don’t fit our mission.  
Jan 2, 2022
2 min read
Man in blue button up shirt and glasses smiling
Related FAQ's
To earn interest on your  checking account, you must maintain an average daily balance of $2,500 or more within the account.
Dec 31, 1969
less than a minute read
LendingClub does not charge a fee to use another bank’s ATM.
Dec 31, 1969
less than a minute read
The payment transaction type (signature-based or other) is ultimately decided by the merchant and is based on how the transaction is transmitted at the time of processing.
Dec 31, 1969
less than a minute read
Once the minimum opening deposit is met, there is no monthly minimum balance requirement to maintain your account
Dec 31, 1969
less than a minute read
Earning Cash Back with your Rewards Checking account is simple...
Dec 31, 1969
less than a minute read
Related Glossary
{noun} A type of credit that allows the borrower to make charges and payments against a set borrowing limit, paying interest only on outstanding balances.
Sep 6, 2023
4 min read
{noun} The total annual cost to borrow money, including fees, expressed as a percentage.
Mar 21, 2023
3 min read
{noun} The amount of unpaid interest that has accumulated as of a specific date, either on a loan or an interest-bearing account or investment. 
Mar 21, 2023
4 min read
A debt that is written off as a loss because the financial institution or creditor believes it is no longer collectible due to a substantial period of nonpayment.
Feb 7, 2023
3 min read
{noun} An interest rate that remains the same for a set time, usually for the life of the loan.
Feb 4, 2023
3 min read

Unless otherwise specified, all credit and deposit products are provided by LendingClub Bank, N.A., Member FDIC, Equal Housing Lender (“LendingClub Bank”), a wholly-owned subsidiary of LendingClub Corporation, NMLS ID 167439. Credit products are subject to credit approval and may be subject to sufficient investor commitment. Credit union membership may be required. Deposit accounts are subject to approval. Deposit products are FDIC-insured up to $250,000 per depositor, per ownership category.

LendingClub,” the “LC” symbol, “TopUp,” and “DebtIQ” are trademarks of LendingClub Bank.

© 2024 LendingClub Bank. All rights reserved.