It generally takes up to 7 days to process the request. Balance transfers from third-party creditors will not be posted immediately to your accounts with those creditors. These amounts are one-time payments that may not satisfy any or all payment obligations you may have in connection with third-party accounts. You should continue making the required payments to your designated third-party creditors per the applicable account terms.
How long does it take for a balance transfer to process?
Additional Balance Transfer FAQ
- What can I do if a payment to a creditor is returned?
- What is a CleanSweep Balance Transfer?
- Why is the button on my account dashboard to initiate balance transfers disabled?
- How do I initiate a balance transfer?
- If your creditor is not on the list of creditors while making the Balance Transfer
- I got a notice that one of my balance transfers was canceled. Why did that happen?
- What is the minimum and maximum balance transfer I can initiate?
- I initiated a balance transfer by mistake. Can I cancel the balance transfer?
- How many creditors can I add to a balance transfer at once?
- What is the minimum creditor balance I can transfer as part of a balance transfer?
Keep more of what you earn and earn more on what you save.
Check your rate. It won’t impact your credit score.2
LendingClub Resources
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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.
Related FAQ's
If a creditor payment is returned because of incorrect information, you can initiate a new balance transfer for that creditor.
You can add up to 12 creditors to a single balance transfer request.
The minimum balance transfer amount is $200.
When you initiate a Balance Transfer on your CleanSweep account...
If you don't see the option to initiate a balance transfer, it's possible that your account is blocked.
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.