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LendingClub Bank

LendingClub Bank LevelUp Checking (successor to Rewards Checking)

Cash back checking that pays double on LendingClub loan payments

7.2
Our Rating
APY
1.00% on balances of $2,500+; nothing below $2,500
Monthly Fee
$0
Minimum to Open
None
ATM Access
Use any ATM: LendingClub charges nothing and rebates other operators' fees

Insurance: FDIC insured to $250,000 through LendingClub Bank, N.A. (formerly Radius Bank), a direct FDIC member

Features

  • ▸1% cash back on debit purchases at gas stations, grocery stores, and pharmacies
  • ▸2% cash back on LendingClub personal loan payments made from the account, an industry first
  • ▸1.00% APY on balances of $2,500 and up
  • ▸Early direct deposit up to 2 days
  • ▸No monthly fee and no opening deposit (Rewards Checking required $25)
  • ▸Unlimited ATM fee rebates on out-of-network operator surcharges
  • ▸Replaced Rewards Checking, which closed to new customers in 2025

Pros

  • +Only checking account anywhere that rewards paying off your loan
  • +Real bank charter with a clean fee schedule
  • +ATM rebates plus APY plus cash back is a rare trifecta
  • +Pairs with LevelUp Savings, a legitimately competitive HYSA

Cons

  • −Debit cash back narrowed to gas/grocery/pharmacy versus the old account's broader earn
  • −Sub-$2,500 balances earn no interest at all
  • −1.00% APY is below the fintech leaders even when you qualify
  • −Most valuable only if you also carry a LendingClub personal loan

Our Take

LendingClub swapped its well-liked Rewards Checking for LevelUp Checking, and the trade is roughly neutral unless you have a LendingClub loan, in which case the 2% back on loan payments is free money nobody else offers. The grocery-gas-pharmacy 1% and ATM rebates keep it respectable as a standalone. Rate chasers should look at the paired LevelUp Savings for yield and treat the checking as the rewards layer.

Best for: LendingClub borrowers and everyday debit spenders in the bonus categories

Open at LendingClub Bank →

Last verified 2026-06-11

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