Interest is earned on your Tailored Checking account beginning on the day your account is opened. The rate you earn will depend on your account balance. The interest payment will be deposited into your account at the end of each month.
How do I earn interest on my business checking account?
Additional Product Features FAQ
- How do I earn Cash Back with my Business Checking Account?
- How do I stop payment on a check?
- Can I earn Cash Back on online purchases?
- How does early direct deposit work?
- How do I activate a new ATM/Debit card?
- What is a signature-based purchase?
- Will this account work with Etsy and Square? Does it integrate with QuickBooks and other Intuit products?
- What is the minimum balance to keep in my business checking account?
- How do I earn ATM rebates?
- Are they any fees for my business checking account?
LendingClub Resources
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Related FAQ's
LendingClub does not charge a fee to use another bank’s ATM. Lending Club is centered around empowering you to meet your financial goals and will reimburse you for ATM fees charged by other banks ...
Yes! Etsy and Square are processed as external transfers and can take a few days to process. Click here for more information on transaction holds and timing.
The process to activate your debit card.
Yes! When using your debit card for an online purchase, your card is most often automatically run as a credit transaction; however, the payment transaction type (signature-based or other) is ultimately decided by the merchant and is based on how the transaction is transmitted at the time of processing.
When you set up direct deposit into your LendingClub bank account, we make your funds available as soon as we receive notification from the depositor when funds will be available.
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.