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When will my funds be available to use after I open my checking account?

Your initial deposit for opening your account will be held for 5 days in order to validate your account. Our mission is to protect you against any potentially fraudulent activity, and through the first 30 days of your account, your deposit will be made available to you after 5 business days. We place the holds during the first 30 days of your account opening for your protection.

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Related FAQ's
To complete the account opening process, a $25 minimum opening deposit is required.
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If requested during account opening, your debit/ATM card should arrive within 7-10 business days after your application is approved.
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For personal checks, your first order (25) is free!
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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 Lending Club account.
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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.
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{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.
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{noun} The total annual cost to borrow money, including fees, expressed as a percentage.
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{noun} An interest rate that remains the same for a set time, usually for the life of the loan.
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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" and the "LC" symbol are trademarks of LendingClub Bank.

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