Your initial deposit for opening your account will be held for 5 days in order to validate your account. Our mission is to protect you against any potentially fraudulent activity, and through the first 30 days of your account, your deposit will be made available to you after 5 business days. We place the holds during the first 30 days of your account opening for your protection.
When will my funds be available to use after I open my savings account?
Additional Application FAQ
- How can I open a savings account?
- New Account Checklist
- How do I add a beneficiary to my savings account?
- Can I add a joint owner to my savings account?
- How do I get started on Online Banking?
- How do I fund my savings account?
- What is the minimum amount required to open a savings account?
- Do you do a credit check?
- What do I need to start a savings account application?
- How do I get a debit/ATM card?
LendingClub Resources
Related Resource Center
There are many reasons to consider a joint personal loan, including sharing the payment obligations, securing better financing terms, and improving your odds of approval. So, if your credit history is holding you back from getting favorable interest rates and terms on your own, having a co-borrower could help you qualify for a personal loan.
![How to Apply for a Joint Personal Loan](http://images.ctfassets.net/orqped9h4wgz/72n9waWnGzlPmOZAk8aVrS/cd439e6fe68c4e1f140194ead8688607/How_to_Apply_for_a_Joint_Personal_Loan.png)
If you're planning on consolidating debt or making a big purchase like buying a home or new car, chances are you'll need financing to help reach your goals. Understanding the true cost of a loan is key to getting the best deal possible—and most often that starts with shopping APRs and interest rates across different lenders.
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Related Impact
From groceries and diapers to Halloween costumes for pets, nearly 60% of American consumers prefer to shop online for everyday items that make life more convenient, comfortable, and enjoyable. And with rising prices showing no signs of stopping anytime soon, we’re pleased to introduce StackitTM from LendingClub Bank—a new browser extension that automatically finds and rewards eligible members with coupons and cash back for extra savings at more than 15,000 favorite online retailers.
![blog header stackit 765x430 v1-1](http://images.ctfassets.net/orqped9h4wgz/4kV0P8ZQKbNbClld8SvbZn/f08bc67ba536d72cb5954589ae906eb2/blog_header_stackit_765x430_v1-1.jpg)
LendingClub completed the acquisition of Radius Bank in February 2021. At that time, in addition to the direct-to-consumer deposit business, we inherited a fintech partner program, and several lending businesses. As we reach the one-year anniversary of the acquisition, and in conjunction with the conclusion of a strategic review of our business operations, we have made the decision to discontinue certain businesses that don’t fit our mission.
![Man in blue button up shirt and glasses smiling](http://images.ctfassets.net/orqped9h4wgz/5fTH6ZRJzFrsIvsqMfB9EP/7f69faf6e7f87a55c890e1fc042ad7f4/scott-sanborn-1.jpeg)
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 Lending Club 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.
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.