More Money for Your Business
0.50% APY on balances up to
$100,000 and 0.10% APY on the portion of the balance that is $100,000 and greater.1
Unlimited Transactions
Enjoy unlimited transactions with no excess transaction fees.
Open an Account Online in Minutes
Open an account online in minutes. 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
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1] Annual Percentage Yield (APY) is accurate as of 06/10/2022. Interest is earned at the rate applicable to the portion of the balance that falls within each rate tier. Rate tiers are as follows: 0.50% APY applies to balances between $0.00–$499.99, 0.50% APY applies to the balances between $500.00 - $99,999.99, and 0.10% APY applies to balances of $100,000.00 and greater. For accounts with balances greater than $100,000.00, your blended APY can range from 0.50% to 0.10% depending on your total account balance and the portion that falls within each tier. Rates are variable and subject to change at any time, at the sole discretion of the Bank. Fees may reduce earnings. 2] The Debit Card Rewards Program (“Cash Back Rewards”) provides 1.00% cash-back on all Qualified Purchases using a debit card tied to an Eligible Account. Eligible Accounts are: Tailored Checking accounts that maintain an average monthly balance of $500.00 for the calendar month in review. Qualified Purchases are defined as: Signature-based purchases made using the debit card tied to an Eligible Account. 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 is based on how the transaction is transmitted at the time of processing. Qualified Purchases do not include: (1) any goods or services purchased that are returned or otherwise credited to your Eligible Account; (2) unlawful purchases; or (3) purchases of currency, cash or cash equivalents (including, without limitation, currency from the U.S. Mint, Travelers Checks, gift cards, cryptocurrency, casino chips, peer to peer payments, prepaid debit cards, account openings, loan payments, or other cash equivalents). We may report the value of Cash Back Rewards to the IRS as required by law. Any client whose tax status would require us to impose tax withholding of any sort will not be eligible for Cash Back Rewards. Accounts are reviewed after the end of each month. Any earned Cash Back Rewards will be credited to your account on or before the 10th calendar day of the next calendar month. The Eligible Account must be open and active at the time the Cash Back Reward is credited. 3] LendingClub does not charge a fee for using another bank’s ATM. Plus, 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. ATM fees will be rebated at the end of each statement cycle. Excludes international exchange fees. LendingClub 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 reserves the right to modify or discontinue the ATM surcharge rebate program at any time. Out-of-network ATM fees cost $2.50 on average — source: CNBC as of 01/26/2022. If someone were to use an out-of-network ATM 6 times per month at an average fee of $2.50 per withdrawal, they would spend $180 in ATM fees in 12 months. 4] Monthly Maintenance Fee waived in months where the average monthly balance is at least $500.00. An account will not be overdrawn by the Monthly Maintenance Fee. An account with a balance of less than $10.00 will be assessed the amount available, reducing the balance to zero. 5] 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.
Freedom from Monthly Fees
No monthly maintenance fee for accounts with an average monthly balance of $500 or more.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 Mobile5
A full-service bank at your fingertips
Online account opening in minutes
No excess transaction fees
Free ATMs 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
No excess transaction fees
Send and receive invoices digitally
in online banking
Earn 0.50% APY
You could earn unlimited 1% Cash Back2
Earn up to 1% 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 payments, ACH payments and wire transfers
- Generate reports and reconcile transactions for accounting
- Sync your LendingClub deposit accounts to Mint, QuickBooks, or Quicken
- Create and send digital invoices and get paid online with Autobooks
Radius Bank
National Average
Open an Account Online in Minutes
Open an account online in minutes.
Skip the trip to the branch and get back to your business!
Earn Interest
0.50% APY on balances up to $100,000 & 0/10% APY on the portion of the balance that is $100,000 and greater.1
Unlimited Transactions
Earn unlimited transactions with no excess transaction fees.
Freedom from Monthly Fees
No monthly maintenance fee for accounts with an average monthly balance of $500 or more.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 per depositor for each ownership category.
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
The business checking account tailored for you where you can earn 1% cash back, enjoy unlimited transactions, and earn a competitive rate of 0.50% APY up to $100,000.1 Bank smarter by opening an account within minutes.
Unlimited Cash Back
Receive 1% cash back on Qualified Purchases using your Tailored Checking debit card.2
Free ATMs
We won't charge a fee, and we rebate ATM fees charged by other banks. Get unlimited ATM fee rebates and you could save over $175 this year!3
Unlimited Cash Back
Receive up to 1% cash back on online and signature-based "credit" transactions made with your Tailored Checking debit card.2
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 $175 this year!3
Best Checking Accounts for Small Businesses
Best Business
Checking Account
Awards & Recognition
Radius is now a part of LendingClub. All banking products provided by LendingClub Bank, N.A.
Copyright © 2022 LendingClub Bank, N.A. All Rights Reserved. Member FDIC. Equal Housing Lender.
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