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LendingClub Business Banking Review

While known for financing, LendingClub offers a variety of business banking services, including a high-yield savings account and competitive checking rewards.

    Chelsea Krause
  • Last updated onUpdated

  • Erica Seppala
  • REVIEWED BY

    Erica Seppala

    Editor & Senior Staff Writer

Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity.

LendingClub

Total Rating 4.5
Rewards & Perks Excellent
Fees Good
Features Good
Customer Service Good
Reviews Excellent

APY

1.5%-3.5%

Monthly Fee

0$-$10

Minimum Account Balance

$0-$500

LendingClub At A Glance

  • LendingClub has great reward perks including 1.5% APY and 1% cash back for business checking and 3.6% for business savings
  • LendingClub has unlimited transactions and large transaction limits
  • LendingClub has little to no monthly fees

Chelsea Krause

Chelsea Krause

Lead Staff Writer
Chelsea Krause is a writer who specializes in accounting, payroll, and small business loans. She has been with Merchant Maverick helping small business owners manage their finances since 2016. She is a QuickBooks Certified User and former eCommerce store owner. Her accounting expertise has been quoted in Forbes and her work appears in Startup Nation, Small Business Bonfire, and Women on Business. Chelsea graduated summa cum laude with a BA in English & Creative Writing from George Fox University and studied abroad at the University of Oxford as well. She currently resides in Boise, Idaho.
Chelsea Krause
View Chelsea Krause's professional experience on LinkedIn.
Chelsea Krause

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