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PERSONAL BANKING

Rewards Checking

  • Earn unlimited 1% cash back1

  • Receive unlimited ATM fee rebates2

  • No monthly maintenance or overdraft fees

  • No minimum balance or transaction requirements

Bank smarter with LendingClub

Make the most of your money with LendingClub, named 2024's Best Online Bank by GOBankingRates. Our award-winning checking, savings, and loan products are designed to help our members achieve their financial goals.

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Account Features

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Unlimited cash back

Meet qualification requirements to start earning 1% cash back on Qualified Purchases made with your Rewards Checking debit card.
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Free access to ATMs

We won’t charge a fee, and we rebate ATM fees charged by other banks. Get unlimited ATM fee rebates and you could save over $180 this year!
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Get paid early

Quickly set up direct deposit and you could get paid up to 2 days earlier.3 Plus, change your deposit amount anytime online.
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Freedom from fees

Save more in your pocket month-to-month by saying goodbye to overdraft, monthly maintenance and incoming wire transfer fees!
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Earn interest

Earn more than the national average. Earn 0.10% APY with account balances between $2,500 and $99,999.99. Earn 0.10% APY with account balances of $100,000 & up.4
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FDIC insurance

Your deposits are FDIC-insured up to the highest possible amount allowed – $250,000 per depositor for each ownership category.

Apply Online

Open an account online in minutes with as little as $25!

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Our Customers Earned $20 on Average Per Month in Benefits6

Get money deposited back into your account each month:

  • Earn cash back on Qualified Purchases (signature-based purchases) made with your Rewards Checking debit card.

  • Free ATM Transactions: We rebate ATM fees charged by other banks.

  • Interest-Earned.

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Bank from anywhere with the LendingClub app

A full-service bank at your fingertips6

  • Deposit checks

  • View real-time transactions

  • Pay bills and transfer funds

  • Manage your budget and track spending

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Why Choose LendingClub?

I get excited when I receive my monthly benefits email. I love seeing how much I have earned and saved this year by banking with LendingClub.7

—Kathleen M

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Frequently asked questions

There is no monthly maintenance fee for a Rewards Checking account. For fees that may apply to your account, go to the Product Terms and Conditions page to learn more.  

You must have a Rewards Checking account open for at least 30 days, and either receive $2,500 worth of recurring direct deposits into your account from an employer or another source of income or keep an average monthly balance of $2,500 or more in your account. Cash back is only available for online and in-store signature-based (“credit”) purchases made with a LendingClub issued debit card linked to a Rewards Checking account.1

Tip: When shopping in store select “credit” instead of “debit” at the point-of-sale where available to ensure you receive the cash back. The cash back you earn will automatically be credited to your account at the end of the month following the earning period.

There are two ways a debit card can be processed at the time of a purchase.

The first option is called the “debit/online/PIN debit” method, where you enter your PIN at the point of sale and the funds are immediately debited from your account.

The second option is called the “credit/offline/signature debit” method, where you select the “credit” button, sending the transaction through the credit card processing network. A hold is placed on the money for the transaction in your account, which clears or processes in a day or two. You have to use this debit function if you want to receive cash back during your transaction. It is important to note that when you are using your debit card for online purchases, your card will automatically run as a credit transaction.

Yes, when you use your debit card for an online purchase your card will automatically run as a credit transaction, making the purchase eligible for cash back should your account meet the qualifications.

The cash back you earn will automatically be credited to your Rewards Checking account at the end of the month following the earning period, for each month that qualification requirements are met.

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Digital Banking, Made Human

At LendingClub, we put our customers at the center of everything we do. That’s why we focus on providing products and services that are not only convenient but help to make life easier.

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Security
We use 256-bit encryption to ensure that data is protected with the highest level of security.
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FDIC Insurance
Your deposits are FDIC-insured up to the maximum amount allowed – $250,000.
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Customer Support
Have a question? We’re here to help. Chat with us online, or reach us by phone or email.

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595 Market Street, Suite 200

San Francisco, California 94105

If you have special access needs and are having problems accessing this website, please call 888-596-3157.
Equal Housing Lender
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Accounts subject to approval which may include credit approval. $25 opening deposit required. Please see Product Terms & Conditions for additional product details. FDIC-insured up to $250,000 per depositor for each ownership category. Visit our Help Center for additional information.

    1. Rewards Checking Cash Back Rewards: The Debit Card Rewards Program (“Cash Back Rewards”) provides 1.00% cash-back on all Qualified Purchases using a debit card tied to Eligible Accounts. Eligible Accounts are: Rewards Checking accounts that meet the following requirements for the calendar month in review: (1) Maintain an average monthly balance of at least $2,500.00; or (2) Receives at least $2,500.00 in Qualifying Direct Deposits.

      Qualifying Direct Deposits are defined as: Recurring Automated Clearing House (ACH) credits, including payroll, pension or government payments (such as Social Security) made by your employer, or an outside agency. We may require documentation to verify that credits are Qualifying Direct Deposits. Qualifying Direct Deposits do not include peer to peer payments or ACH transfers (funds transfers) from your external accounts. Transaction codes are set by payor, and business-to-business or business-to-contractor payments or transfers may be excluded from Qualified Direct Deposits, dependent on the code set by payor.

      Qualified Purchases are defined as: Signature-based purchases made using the debit card tied to an Eligible Account. These are “credit” purchases that can be made in stores and online. To make a signature-based purchase, select “credit” rather than debit at point-of-sale kiosks. The “credit” option is most often pre-selected when making purchases online using a debit card. Online subscription payments may not be considered signature-based purchases. 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. Qualified Purchases do not include: (1) any goods or services purchased that are returned or otherwise credited to your Eligible Account; (2) unlawful purchases; or (3) purchases of currency, cash or cash equivalents (including, without limitation, currency from the U.S. Mint, Travelers Checks, gift cards, cryptocurrency, casino chips, peer to peer payments, prepaid debit cards, account openings, loan payments, or other cash equivalents). Any earned Cash Back Rewards will be credited to your account on or before the 10th calendar day of the next calendar month. The Eligible Account must be open and active at the time the Cash Back Reward is credited.

  2. LendingClub does not charge a fee to use another bank’s ATM. Plus, get unlimited ATM surcharge rebates for ATM fees charged by other banks and ATM owners. ATM rebates apply to cash withdrawals from your Rewards Checking account using your Rewards Checking debit card. International exchange and service fees not included. ATM fees are rebated at the end of each statement cycle. LendingClub makes its best effort to identify ATM fees eligible for rebate. In the event you have not received a rebate for a fee you believe is eligible, please contact Customer Service at 800.242.0272. LendingClub reserves the right to modify or discontinue the rebate program at any time. Out-of-network ATM fees cost $2.50 on average — source: CNBC as of 01/26/2022. If someone were to use an out-of-network ATM 6 times per month at an average fee of $2.50 per withdrawal, they would spend $180 in ATM fees in 12 months.

  3. Any account features that enable you to receive direct deposits, or that enable direct deposit funds to be made available to you early, are contingent upon and subject to the payor’s support of such features.

  4. Annual Percentage Yield (APY) accurate as of 05/02/2025. Minimum amount to open account is $25.00. Rate tiers are as follows: 0.00% APY applies to balances between $0.00 and $2,499.99; 0.10% APY applies to balances between $2,500.00 and $99,999.99; and 0.10% APY applies to balances of $100,000.00 and greater. Rates are variable and subject to change at any time without notice, at the sole discretion of the bank. Fees may reduce earnings.

  5. Eligibility requirements may apply 

  6. Standard data and message rates may apply to Mobile Banking services. This includes the use of LendingClub Mobile, LendingClub Commercial, and other services. Android is a trademark of Google LLC. iPhone and iPad are trademarks of Apple Inc., registered in the U.S. and other countries.

  7. Any reviews presented are individual experiences and results may vary. Reviews are collected and authenticated by Bazaarvoice. Any average rating presented is based on these reviews. All reviews can be accessed at https://www.lendingclub.com/company/reviews.

Unless otherwise specified, all credit and deposit products are provided by LendingClub Bank, N.A., Member FDIC, Equal Housing Lender (“LendingClub Bank”), a wholly-owned subsidiary of LendingClub Corporation, NMLS ID 167439. Credit products are subject to credit approval and may be subject to sufficient investor commitment. Credit union membership may be required. Deposit accounts are subject to approval. Deposit products are FDIC-insured up to $250,000 per depositor, per ownership category.

LendingClub,” the “LC” symbol, “TopUp,” and “DebtIQ” are trademarks of LendingClub Bank.

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