The program has been winding down for several years since LendingClub has transitioned to a marketplace bank. You can find additional information on our current product offerings here.
Why is the LendingClub Retail Notes program closing?
Additional Program Closure FAQ
LendingClub Resources
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Related FAQ's
We’ll contact all investors during the first half of 2025 with information on the closing of all LendingClub Notes accounts.
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.
Members can open a LevelUp Checking 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.