No Tax Withholding

The information that you provide when signing up for your Lending Club account will be used to prepare a W-9. All references to "form" below refer to this W-9.

Under penalties of perjury, I certify that:

  1. The Social Security number or Individual Tax Identification number on this form is my correct taxpayer identification number;
  2. I am not subject to backup withholding because: (a) I am exempt from backup withholding, (b) I have not been notified by the Internal Revenue Service (IRS) that I am subject to backup withholding as a result of a failure to report all interest or dividends, or (c) the IRS has notified me that I am no longer subject to backup withholding;
  3. I am a U.S. citizen or other U.S. person; and
  4. The FATCA code(s) on this form (if any) indicating that I am exempt from FATCA reporting are correct.*


*The IRS requires that this language be included, but this certification is not required if providing the form to a US payor. Lending Club is a US payor.

Financial Innovation

Lending Club doesn’t have physical branches, or several other layers of costs that weigh down traditional banks. But Lending Club also seems to exploit a market inefficiency that is really quite shocking, given the supposed sophistication of the big Wall Street firms.

The Atlantic

Featured Borrower

Rebecca

"The application process was simple, and it was neat to watch the process as people invested in my loan."