Available nationwide, the LendingClub Business Tailored Checking is offering 1.50% APY and outstanding features and benefits.
Update 4/1/24: We’ve updated this post with a new link for the offer. The prior link was no longer working. However, we do recommend the Grasshopper Bank Business Checking account offering a better rate when options to earn a higher rate. You can also see our list of the best business savings accounts.
LendingClub Business Tailored Checking Review
LendingClub is headquartered in Lehi, Utah and they were founded in 1987. Since then they have grown to 2 locations, offer savings rates that are higher than the national average, and they boast an A+ health rating.
I’ll review LendingClub Business Tailored Checking below.
LendingClub Business Tailored Checking Rate
- Eligible account: Business Tailored Checking
- Credit Inquiry: Soft Pull or Hard Pull?
- Where it’s available: Nationwide
- Opening Deposit: $100
- Monthly fee: No monthly maintenance fee for account balances over $500
- Early Termination Fee: None listed, check with CSR
(Visit LendingClub to learn more)
How to Earn Rate
- Open a Business Tailored Checking account with $100 opening deposit.
- Earn 1.50% APY on balances up to $100,000.00 and 0.10% APY on the portion of the balance that is 100,000.00 and greater.
Account Features
- Earn unlimited 1% cash back on Qualified Purchases made with your Tailored Checking debit card after meeting eligibility requirements.
- No monthly maintenance fee for account balances over $500.
- Unlimited automatic ATM fee rebates.
- Sync your LendingClub deposit accounts to Mint®, QuickBooks®, or Quicken®.
- Create and send digital invoices and get paid online with Autobooks
What You’ll Need To Open An Account
You’ll need the following information about your business:
- Company’s legal name or DBA
- EIN or tax ID
- Address of your company’s headquarters
- Mailing address
In addition, have the following information about each person who owns 25% or more of your company and one control person:
- Percentage of ownership
- Personal email address
- Mobile phone number
- Address
- Date of birth
- Social Security Number
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Conclusion
LendingClub Banking is offering a great rate and features with their Business Tailored Checking.
In addition to the rate from LendingClub, check out our list of best rates Savings, Money Market, and CD accounts.
If you are interested in expanding your financial future, definitely use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
