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, recently awarded Best Online Bank for 2024 by GOBankingRates. Our superior products and services are built to help you reach financial wellness, including our award-winning checking account, Rewards Checking, offering 1% cash back, ATM rebates and more.
Account Features
Unlimited Cash Back
Free Access to ATMs
Get Paid Early
Freedom from Fees
Earn Interest
FDIC Insurance
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.
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.
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.