More Money for Your Business
0.10% APY on balances of $5,000 & up. No monthly maintenance fee for accounts with balances of $5,000 & up.2
Unlimited Transactions
No penalties, no fees, no upcharge. It's your business, you shouldn't have to pay to run it.
Online Account Opening
Apply online in 10 minutes or less. Skip the trip to the branch and get back to your business!
Better Business Banking
Skip the trip to the branch
Completely paperless application
Apply online in minutes
Fintech Partner
Startup Innovation Winner
Fintech Partner
Still have questions?
Learn more about Tailored Checking and our other business solutions.
*required to submit
Not Ready Yet?
Leave your email address
and we'll reach out to you later!
[1] The Debit Card Rewards Program (Cash Back Rewards) will provide 1.00% cash-back on all Qualified Purchases made by eligible Tailored Checking account holders if the account holder meets the requirements and keeps an average balance of $5,000 or greater within the calendar month in their Tailored Checking Account. The value of this reward may constitute taxable income to you. You may be issued an Internal Revenue Service Form 1099 (or other appropriate form) to you that reflects the value of such reward. Please consult your tax adviser, as LendingClub Bank , N.A. does not provide tax advice. Qualified Purchases include signature-based purchases made with a Debit Card issued by LendingClub Bank tied to a Tailored Checking account enrolled in the Debit Card Rewards program. These are “credit” purchases that can be made in stores and online. To make a signature-based purchase, select “credit” rather than debit at point-of-sale kiosks. The “credit” option is most often pre-selected when making purchases online using a debit card. Online subscription payments may not be considered signature-based purchases. The payment transaction type (signature-based or other) is ultimately decided by the merchant and how the transaction is transmitted to LendingClub Bank, N.A. at the time of processing. We reserve the right to determine if a transaction was a Qualified Purchase, and to establish additional types of Qualified Purchases that could be made available in a variety of ways. Any goods or services purchased with the Debit Card issued by LendingClub Bank that are returned or otherwise credited to your Account are not qualified purchases. Unlawful purchases and purchases of currency, cash or cash equivalents (including, without limitation, currency from the U.S. Mint, Travelers Cheques, gift cards, Cryptocurrency, Casino Chips, Peer to Peer Payments, prepaid debit cards, account openings, loan payments, or other cash equivalents) made with your Debit Card issued by LendingClub Bank are not Qualified Purchases. We may require you to provide documentation to validate that certain purchases are Qualified Purchases. LendingClub Bank, N.A. reserves the right to modify or discontinue this program at any time. Your enrolled account must remain open, active, and in good standing to participate in the program, meaning: No NSF (non-sufficient funds) items during the preceding twelve calendar months in your checking account (regardless of the type of checking account). An eFunds check must show no negative history in the preceding twelve months and all monthly servicing fees must have been paid in full for the 12 preceding months. LendingClub Bank, N.A. reserves the right to modify the description of “good standing” at any time. If you or the Bank closes your account for any reason before the end of the statement cycle, you will forfeit all rewards accrued through your linked Debit Card during that statement cycle. For a limited time, an additional 0.50% bonus on transactions made in certain merchant categories will apply. Transactions must be within the following dates to qualify for a bonus: February 1, 2021 to June 30, 2021. Only specified categories will receive a bonus. Program qualifications and or categories receiving a bonus can be changed at any time. Categories receiving the bonus are: Computer Maintenance And Repair Services Not Elsewhere Classified, Computer Network Services, Computer Programming Integrated Systems Design And Data Processing Services, Computer Software Stores, Computers Computer Peripheral Equipment Software, Direct Marketing Continuity/Subscription Merchant, Fax Services Telecommunication Services. These categories are determined by the merchant, not by LendingClub Bank, N.A. All additional requirements of the Debit Card Rewards program apply. [2] Annual Percentage Yield (APY) is accurate as of 7/12/2021. Minimum amount to open account is $100.00. Rate tiers are as follows: 0.00% APY applies to balances of $0.01—$4,999.99, and 0.10% APY applies to the entire balance on balances of $5,000 or more. Rates may change after account is opened. Fees may reduce earnings. Accounts with an average monthly balance of less than $5,000.00 at the end of each statement cycle will be charged a $10.00 monthly maintenance fee. National average interest rate for business checking is 0.188% APY - source: www.fdic.gov. [3] Get unlimited automatic ATM surcharge rebates for ATM fees other banks charge you. ATM surcharge rebates apply to cash withdrawals from a Tailored Checking account using the Debit Card issued by LendingClub Bank wherever it is accepted. LendingClub Bank, N.A. does not charge a fee for using another bank’s ATM. ATM fees will be rebated at the end of each statement cycle. Excludes international exchange fees. LendingClub Bank, N.A. makes its best effort to identify those ATM fees eligible for rebate. In the event that you have not received a rebate for a fee you believe is eligible, please contact Customer Service at 800.242.0272. LendingClub Bank, N.A. reserves the right to modify or discontinue the ATM surcharge rebate program at any time. [4] Standard data and message rates may apply for all Mobile Banking services, including the Mobile app. The Mobile app is available for free on Android and iOS mobile devices and are only available to LendingClub Bank account holders.
24/7 Online & Mobile Banking
Manage your accounts from anywhere, at any time. Digital invoices, wires, ACH, bill pay, mobile deposit, and more in the palm of your hand.4
Here's how our rates stack up for a $100,000 checking balance:
0.50%
0.188%
Radius Bank
National Average
$500
$188
Open an account online in under 10 minutes!
Get Started Today
Available for iOS and AndroidTM
Bank from Anywhere with LendingClub Mobile
A full-service bank at your fingertips
Online account opening in minutes
Unlimited fee-free transactions
Free ATMs worldwide and
unlimited rebates3
Send and receive invoices digitally
in online banking
Earn 0.50% APY
Online account opening in minutes
Free ATMs worldwide and
unlimited rebates3
Unlimited fee-free transactions
Send and receive invoices digitally
in online banking
Earn 0.50% APY
Earn 1.00% Cash Back (Unlimited)
Earn up to 1.5% Cash Back (Unlimited)
LendingClub Bank
Most banks require a branch visit
and pile of paperwork
Typically, only a limited number
of transactions are allowed, plus
a $0.40–0.50 fee per transaction
Most banks charge a fee for using
out-of-network ATMs
Not a feature
Earn 0.00—0.18% APY
Other Banks
Not a feature
Other rewards programs limit the amount you can earn in a month
- Real-time transaction history
- Pay bills, transfer funds, and send wires
- Mobile check deposits
- Create and send professional digital invoices
- Accept card, ACH, and lockbox payments
- Generate reports and reconcile transactions for accounting
Radius Bank
National Average
Online Account Opening
Apply online in 10 minutes or less. Skip the trip to the branch and get back to your business!
Earn Interest
0.10% APY on balances of $5,000 & up.2
Unlimited Transactions
No penalties, no fees, no upcharge. It's your business, you shouldn't have to pay to run it.
24/7 Online & Mobile Banking
Manage your accounts from anywhere, at any time. Digital invoices, wires, ACH, bill pay, mobile deposit, and more in the palm of your hand.4
Customer Support
Have a question? We're here to help. Chat with us online, or reach us by phone or email.
FDIC Insurance
Your deposits are FDIC-insured up to the highest possible amount allowed – $250,000.
We use 256-bit encryption to ensure that data is protected with the highest level of security.
Security
Meet the Best Online Business Checking Account
Tailored Checking
Open online in minutes, and while you're out hustling, we'll put your money to work with an industry-leading interest rate and up to 1% cash back.1
Unlimited Cash Back
Receive 1% cash back on online and signature-based "credit" transactions made with your debit card.1
Free ATMs Worldwide
We won't charge a fee, and we rebate ATM fees charged by other banks, worldwide. Get unlimited ATM fee rebates and save over $300 this year!3
Unlimited Cash Back
Receive up to 1.5% cash back on online and signature-based "credit" transactions made with a Radius debit card.1
Free ATMs Worldwide
We won't charge a fee, and we rebate ATM fees charged by other banks, worldwide. Get unlimited ATM fee rebates and save over $300 this year!3
Fundera
Best Business Checking Accounts 2020
Best Checking Accounts for Small Businesses
Best Business
Checking Account
Awards & Recognition
Best Place to Open a Business Checking Account
Our recommendation for best places to open a business checking account online is the digital-native bank LendingClub Bank. Their Tailored Business Checking Account is ideal for growing businesses. According to their website, LendingClub estimates that you can open your online business checking account in as little as 10 minutes.
Radius is now a part of LendingClub. All banking products provided by LendingClub Bank, N.A.
Copyright © 2021 LendingClub Bank, N.A. All Rights Reserved. Member FDIC. Equal Housing Lender.
