Investor Bank Account Verification
To verify your bank account, LendingClub will initiate a debit and a credit for the same amount (under a dollar) against your bank account. When you see this activity post to your bank account (usually within 2-4 business days after you provide your bank account information), sign into LendingClub, click on the 'Verify your bank account' link in your Account Summary, and confirm the transaction amount.
I hereby authorize LendingClub Corporation to complete the verification process described above and to process electronic debits that I initiate to my account(s) listed below at the following financial institution named below ("Financial Institution") to fund my LendingClub account. I acknowledge that my Financial Institution is located in the United States and must authorize these electronic debits.
I understand this authorization will remain in full force and is in effect until LendingClub receives my written notification of its termination taking into consideration the necessary time required by LendingClub and my Financial Institution to respond and implement a change.