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How can I set up a direct deposit?

Set up a direct deposit into your account, and you could be eligible to receive your money up to two days earlier. As a reminder, 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.

Setting up direct deposit is simple:

From your LendingClub profile

  • Select Move Money > Direct Deposit.

  • Select your receiving account.

  • Click or tap Set Up Direct Deposit.

  • Search for and select your employer or payroll provider.

  • Log in to your employer or payroll provider account to set up direct deposit. Select the relevant account Follow the prompts to have your paycheck deposited right into your LendingClub Account.

If you can't find your employer or income source, you can download a form and submit it directly to your employer.

What if I close my account?

If you close your account, LendingClub is not responsible for notifying the payroll department. It is your responsibility to immediately notify your employer’s payroll office so that no future payments are sent to your closed account.

LendingClub Resources

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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.

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