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. Please note that if you have placed a credit or security freeze on your credit report, your application will be manually reviewed, during which we will need your assistance. In these instances, the review process may take up to 5 business days.
Do you do a credit check?
Additional Application FAQ
- What is the minimum amount required to open a savings account?
- Can I add a joint owner to my savings account?
- New Account Checklist
- How do I add a beneficiary to my savings account?
- How do I set up my LendingClub profile?
- How do I fund my savings account?
- How can I open a savings account?
- When will my funds be available to use after I open my savings account?
- What do I need to start a savings account application?
- How do I get a debit/ATM card?
LendingClub Resources
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Related FAQ's
If requested during account opening, your debit/ATM card should arrive within 7-10 business days after your application is approved.
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.
You can request to add a beneficiary as part of your application or after submitting and receiving confirmation on your new LendingClub account.
To open a savings or certificate of deposit account, you need to be 18 or older and a citizen or resident of the United States
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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