To complete the account opening process, a $100 minimum opening deposit is required for Tailored Checking.
What is the minimum amount required to open a business checking account?
Additional Application FAQ
- How can I open a small business account?
- How do I order checks?
- Do you do a credit check?
- New Account Checklist
- How do I get a debit/ATM card?
- How do I add a beneficiary to my business account?
- When will my funds be available to use after I open my business checking account?
- What do I need to start a business account application?
- How do I fund my business checking account?
- Can I add additional users to my business checking account?
- How do I get started on Online Banking?
LendingClub Resources
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Related FAQ's
This account can only be applied online and takes only 7 minutes. To open an account, you must be 18 or older and a citizen or resident of the United States.
You can add beneficiaries by reaching out to Customer Service at 800-242-0272 or using Secure Message within Online or Mobile Banking.
If requested during account opening, your debit/ATM card should arrive within 7-10 business days after your application is approved.
With Online Banking, you can get access to your account 24/7.
Your initial deposit for opening your account will be held for 5 days in order to validate your account.
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.