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When will my funds be available to use after I open my LevelUp Savings account?

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If you fund your new account from an existing LendingClub account, your initial deposit will be available as soon as the transfer is complete.

If you transfer money to your new account from another financial institution, your initial deposit will be held for 5 business days in order to validate your account. Our mission is to protect you against any potentially fraudulent activity. During the first 30 days of having your account, any deposits will be available after 5 business days. We do this for your protection.

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Unless otherwise specified, all credit and deposit products are provided by LendingClub Bank, N.A., Member FDIC, Equal Housing Lender (“LendingClub Bank”), a wholly-owned subsidiary of LendingClub Corporation, NMLS ID 167439. Credit products are subject to credit approval and may be subject to sufficient investor commitment. Credit union membership may be required. Deposit accounts are subject to approval. Deposit products are FDIC-insured up to $250,000 per depositor, per ownership category.

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