Each time we disburse funds to you we will inform you in an email what your practices administrative fee is for that patient. Additionally, you can log into your Practice Center any time to see practice fees for any of your patients by clicking the patient's name.
How will I know what my practice’s administrative fee is for each patient?
Last Updated June 8, 2023less than a minute read
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The funds are directly deposited to your account within 1–3 business days.
In the Practice Center Dashboard you’ll see Complete in the status column once signed approval documents have been received and accepted.
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 LendingClub account.
Your initial deposit for opening your account will be held for 5 days in order to validate your account.
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. The request for information does not affect your credit score.
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.