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. We may require documentation to verify that credits are Qualifying Direct Deposits. Qualifying Direct Deposits do not include peer-to-peer payments or ACH transfers (funds transfers) from your external accounts.
What is a qualifying direct deposit?
Additional Money In FAQ
- How do I add more funds to my savings account?
- How do I link an external account?
- How can I set up a direct deposit?
- What is a wire transfer and SWIFT code?
- How do I use the mobile deposit feature?
- How do I manually verify an external account?
- When setting up direct deposit, what credentials should I use when connecting with my payroll provider?
- What are the domestic wire instructions to send a wire to a LendingClub account?
- Do I give LendingClub 100% of my paycheck?
- What is the incoming international wire process?
- Can I set up direct deposit for more than one savings account?
LendingClub Resources
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Related FAQ's
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) Code is a unique identification code that may be required by some banks, broker-dealers, and investment managers for the completion of international wire transfers.
You will use the email address and password for your payroll provider, NOT your Online banking credentials
Funds can be added to your account within Online or Mobile Banking through
Yes! You can split your pay into more than one account.
Set up a direct deposit into your account, and you could be eligible to receive your money up to 2 days earlier.
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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