Account Opening & Maintenance
Minimum Opening Deposit
Monthly Maintenance Fee
$50.00 per account1
1An account will not be overdrawn by the Abandoned Property fee. An abandoned account with a balance of less than $50.00 will be assessed the amount available, reducing the balance to zero.
ATM & DEBIT CARD FEES
LendingClub Fee to Use SUM or MoneyPass ATM (“In-Network ATMs”)
LendingClub Fee to Use Out-of-Network ATM
Currency Conversion Fee
.20% of the transaction amount 2
Cross Border (International) Transaction Fee
.90% of the transaction amount3
Expedited ATM / Debit Card
2This charge will be .20% of the non-U.S. dollar denominated transaction amount
3Fee is charged whenever the country of the merchant is different than the country of the cardholder, even if the transaction is initiated within the United States and/or in U.S. dollars.
The Currency Conversion Fee and Cross Border (International) Transaction Fee are charged on International Transactions. International transactions are those transactions made using your ATM or Debit Card in person, online or via telephone with a party located or who processes transactions outside of the United States, even if the transactions are initiated within the United States and/or in U.S. Dollars.
WIRE TRANSFER FEES4
Domestic Outgoing Wire (Consumer)
International Outgoing Wire
4For the Elite tier, we will credit up to one domestic wire transfer annually and for the Reserve tier, we will credit up to two domestic wire transfers annually. A refund will be posted to your account the month after the fee is charged.
OTHER MISCELLANEOUS FEES
ZERO BALANCE ACCOUNTS
If your account reaches and maintains a zero balance for a period of more than 6 months, the Bank reserves the right to either keep the account open or close the account without further notice.
How Interest is Earned on Your Account
Daily Balance Computation Method -- We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Your account earns interest on the entire account balance each day at the interest rate and annual percentage yield in effect for the appropriate balance tier. Accrued interest is credited to the balance in the account on the last business day of the statement cycle. We use a monthly statement cycle. Accrued interest that is credited to the balance in the account begins to earn interest no later than the next business day and compounds with each statement cycle. If you close your account before accrued interest, if any, is credited you will not receive the accrued interest.
The following chart shows the annual percentage yield (“APY”) and interest rate effective as of 12/01/2023. Interest rates and the annual percentage yield are variable and are subject to change at any time at the discretion of the bank. Rates may change prior to funding and any interest being earned.
Balance to Earn Interest
$0.00 - $9.99
$25,000 or more
Accounts that maintain an end of day Relationship Balance of >$2,000 for >7 consecutive calendar days5
Accounts that maintain an end of day Relationship Balance of >$10,000 for >30 consecutive calendar days OR >$30,000 for >7 consecutive calendar days5
Accounts that maintain an end of day Relationship Balance of >$50,000 for >60 consecutive calendar days OR >$150,000 for >7 consecutive calendar days5
Incoming External Transfers (ACH) (daily limit)
Outgoing External Transfers (ACH) (daily limit)
Mobile Deposit (daily limit)
ATM Withdrawal (daily limit)
5Relationship Balance is the combined balance of your LendingClub deposit accounts.
For additional terms governing your account, please consult the Personal Deposit Account
LendingClub Bank, N.A., Member FDIC
Rev. Date 11/2023