There is no monthly minimum balance you must keep in the account. To not be charged a monthly maintenance fee of $10, your account must have a balance of $500 or more.
What is the minimum balance to keep in 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?
- How do I earn interest on my business checking account?
- How do I earn ATM rebates?
- Are they any fees for my business checking account?
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
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.
Interest is earned on your Tailored Checking account beginning on the day your account is opened.
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.
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.