What are LendingClub's account options?

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LendingClub currently offers the following types of investing accounts:

Individual account

An account in your own name. If you open an account only using our online process, you will open either an individual account or an IRA account (described below). If you wish to setup any other type of account, you will need to contact LendingClub via investing@lendingclub.com or at 1-888-596-3159.

IRA

You can open a Traditional IRA, Roth IRA, SEP IRA, or Simple IRA with LendingClub based on your specific investment goals. Any of these types of accounts may be opened through a self-directed IRA by establishing an account through LendingClub’s preferred IRA custodian, IRA Services Trust Company (ISTC). To open an IRA, complete the application. If you have questions, please call LendingClub Investor Services at 1-888-381-9309.

Joint account

An account in the name of two or more individuals holding joint interests. If you would like to open a joint account, the primary contact on the account should open an individual LendingClub account online, and then request a joint account form from Investor Services via investing@lendingclub.com. Once we have all the paperwork we need, we can convert the account to a joint account.

Trust account

An account in the name of a trust, with a trustee controlling the assets on behalf of a specified beneficiary. If you would like to open an account in the name of a trust, please contact Investor Services at 1-888-596-3159 or investing@lendingclub.com.

Corporate account

An account opened in the name of a corporation or LLC. This type of account can be controlled by an authorized representative of the corporation. If you would like to open an account in the name of a corporation, please contact Investor Services at 1-888-596-3159 or investing@lendingclub.com.

Custodial account

You can also invest in LendingClub notes via accounts set up for minors, including Uniform Gifts to Minors Act (UGMA) and Uniform Transfers to Minors Act (UTMA) accounts. If you would like to open an UGMA or an UTMA, please contact Investor Services at investing@lendingclub.com for the appropriate application.