If you fund your new account from an existing LendingClub account, your initial deposit will be available as soon as the transfer is complete.
If you transfer money to your new account from another financial institution, your initial deposit will be held for 5 days in order to validate your account. Our mission is to protect you against any potentially fraudulent activity. During the first 30 days of having your account, any deposits will be available after 5 business days. We do this for your protection.
When will my funds be available to use after I open my LevelUp Checking account?
Additional Application FAQ
- How do I fund my checking account?
- Can I add a joint owner to my LevelUp Checking account?
- How do I get a debit or ATM card?
- Will opening a LevelUp Checking account impact my credit?
- What is the minimum amount required to open a checking account?
- Who can open a LevelUp Checking Account?
- How do I order checks?
- How can I open a LevelUp Checking account?
- What do I need to open a LevelUp Checking account?
- New LevelUp Checking account checklist
- How do I add a beneficiary to my LevelUp Checking account?
- How do I set up my LendingClub profile?
LendingClub Resources
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Related FAQ's
Members can open a LevelUp Checking account.
You can add additional funds to your account at a later time by signing into Online or Mobile Banking
To open a LevelUp Checking account, all you need is your LendingClub login. If you don’t have a LendingClub login, click here to enroll.
Your debit or ATM card should arrive within 7-10 business days after you’ve opened your account.
Checks are always free with LevelUp Checking. You can order a free Mini-Pak of 25 checks anytime you need them so long as your bank account’s open.
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.
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