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
- How can I open a small business account?
- How do I order checks?
- New Account Checklist
- How do I get a debit/ATM card?
- How do I add a beneficiary to my business account?
- When will my funds be available to use after I open my business checking account?
- What is the minimum amount required to open a business checking account?
- What do I need to start a business account application?
- How do I fund my business checking account?
- Can I add additional users to my business checking account?
- How do I get started on Online Banking?
LendingClub Resources
Related Resource Center
If you’re in the market for a new car, you might be wondering if your current credit score will help you get a good deal or hold you back. Your credit score is an important part of the process, but it’s not the only factor. Though good and excellent credit scores help when taking out any line of credit, it is possible to buy a car with a less-than-ideal score.
Pride of homeownership also means managing (and paying for) what can often feel like an insurmountable list of repairs and improvements. Sometimes it's difficult to know when to DIY a home repair project or find a handyman or other professional better equipped to handle it for you. Learn which common home improvement projects are simple enough to tackle on your own, and when to call in the experts.
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.
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.
Related FAQ's
This account can only be applied online and takes only 7 minutes. To open an account, you must be 18 or older and a citizen or resident of the United States.
You can add beneficiaries by reaching out to Customer Service at 800-242-0272 or using Secure Message within Online or Mobile Banking.
If requested during account opening, your debit/ATM card should arrive within 7-10 business days after your application is approved.
With Online Banking, you can get access to your account 24/7.
Your initial deposit for opening your account will be held for 5 days in order to validate your account.
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.