IRA funds must be transferred to your IRA custodian. This enables you to keep your account’s tax-advantaged status. Sign in to your Member Center and navigate to the Transfer page to make the cash transfer to your IRA Custodian.
What steps should I take if I have an IRA account?
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Related FAQ's
LendingClub offers IRAs by partnering with custodians. As of January 11, 2018, LendingClub's preferred IRA custodian is IRA Services Trust Company (ISTC).
A focus on how to add and withdraw your money from your IRA.
Qualifying Direct Deposits are defined as Recurring Automated Clearing House (ACH) credits, including payroll, pension, or government payments (such as Social Security) made by your employer or an outside agency.
No. If your monthly payment amount is $300 but you pay $400, you will still receive $6.00 (2% x $300) in cash back.
Your debit or ATM card should arrive within 7-10 business days after you’ve opened your account.
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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