Any remaining balance will be transferred to your bank account on file. If you don’t have a bank account on file, we’ll mail a physical check to your address on file. If both these attempts fail, your funds will be escheated per state unclaimed property laws, and you can access them at https://unclaimed.org/.
What happens if I don’t withdraw my funds before my account is closed?
LendingClub Resources
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Related FAQ's
No. All accounts will be closed.
Sign in to your Member Center and navigate to the Transfer page to make a cash transfer to your IRA custodian.
Before the account closes, sign in to your Member Center and navigate to the Transfer page to send your balance to your bank account.
At LendingClub Bank, we care about your financial health. We make it easy for you to make payments that keep your account on track.
Related Glossary
{noun} A type of credit that allows the borrower to make charges and payments against a set borrowing limit, paying interest only on outstanding balances.
{noun} The total annual cost to borrow money, including fees, expressed as a percentage.
{noun} The amount of unpaid interest that has accumulated as of a specific date, either on a loan or an interest-bearing account or investment.
A debt that is written off as a loss because the financial institution or creditor believes it is no longer collectible due to a substantial period of nonpayment.
{noun} An interest rate that remains the same for a set time, usually for the life of the loan.
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