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What’s changing with my Rewards Checking account?

Starting June 17th, 2025: 

  • The name of your account is changing: The name of your account will change from “Rewards Checking” to “LevelUp Checking.” You’ll see this in online banking, our mobile app, and on your statements.   
     

  • Debit card purchases:  Debit Card Cash Back will be changing and will now provide you with an opportunity to earn 1% cash back for Qualified Purchases made with your LevelUp Checking debit card at gas, grocery, and pharmacy establishments. Qualifying is easy, simply make one direct deposit each month and then you can earn on Qualified Purchases. See Terms and conditions for additional details.     

  • Loan Payment Cash Back: Members can now earn 2% cash back when using their LevelUp Checking account to make on-time payments to their LendingClub personal loan. To unlock the opportunity to earn 2% cash bank, receive one Direct Deposit each month. Terms and limitations apply. See  Terms & Conditions for additional details. 
     

Important Note: Due to current limitations, customers who only have LendingClub deposit accounts cannot currently apply for a LendingClub personal loan—we’re working hard to fix this!  
 

  • Interest Rate Tiers: Now there are two tiers instead of three: $0.00 - $2,499.99 and $2,500+ and above. See Terms & Conditions for additional details. 

LendingClub Resources

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Related FAQ's
Your account will continue to have no fees or minimums: You’ll continue to enjoy no fees , no minimum balances, and no transaction requirements. 
Dec 31, 1969
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No, you don’t need to take any action. There is no change to your account number, you can continue to use your debit card, and there are no changes to any bill payments, automated payments, or direct deposits on your account.
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These changes take place on June 17th, 2025.
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{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. 
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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.

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