To complete the account opening process, a $25 minimum opening deposit is required.
What is the minimum amount required to open a checking account?
Additional Application FAQ
- Can I add a joint owner to my checking account?
- How do I fund my checking account?
- How do I order checks?
- New Account Checklist
- How do I set up my LendingClub profile?
- How do I add a beneficiary to my checking?
- What do I need to start a checking account application?
- Do you do a credit check?
- How do I get a debit/ATM card?
- When will my funds be available to use after I open my checking account?
- How can I open a checking account?
LendingClub Resources
Related Articles
Budgeting is a lifelong money management skill that can help you control your spending, save for the unexpected, and build a strong financial foundation.
Your credit utilization rate measures the balances of your revolving accounts against your credit limits. Naturally, your ratio can influence your credit scores. A low utilization rate could improve your credit scores while a high utilization rate may hurt them.
Auto loan refinancing is when you use a new car loan to pay down your old loan—often with a lower monthly payment or interest rate.
Debt consolidation is a debt management strategy that uses methods like a debt consolidation loan to combine multiple debts into an easy-to-manage monthly payment—usually with a lower interest rate.[1]
Allowances are common in the U.S., but it’s important to weigh out the pros and cons before giving your kids an allowance.
Related FAQ's
If requested during account opening, your debit/ATM card should arrive within 7-10 business days after your application is approved.
For personal checks, your first order (25) is free!
Yes! As part of the application you will have the opportunity to add a joint account owner after you submit your personal information and receive confirmation on the details of your newly approved LendingClub account.
LendingClub does not pull credit as part of our account opening process. However, we do obtain information from a credit bureau used to validate your personal information.
You can apply online for a Rewards checking account by heading to our Personal Banking page.
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.
{noun} The total annual cost to borrow money, including fees, expressed as a percentage.
{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.
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.
{noun} An interest rate that remains the same for a set time, usually for the life of the loan.
Your Privacy Choices
