Lending Club is currently offering a 1.5% bonus to funds that are invested through the recurring transfer cash bonus club program. If you are a Lending Club investor, you can get up to a 1.5% cash bonus on your investments when you setup a recurring transfer program. You’ll get 1.5% back on $500 or more or 1% on transfers between $200 and $500.
In order to get the bonus sign-up from a Lending Club investment account if you’re not already a member. After logging into your account, you will see a “Recurring Transfer Cash Bonus Program” in the sidebar of your account. After you sign-up for the recurring cash transfer program and invest the transferred funds within 60 days of the transfer, your bonus will be paid on a trailing three month basis on or before the 15th of each month.
Here are the terms of the Lending Club Bonus, “To receive your bonus, all funds must be newly transferred via a scheduled recurring ACH transfer and continuously maintained in your Lending Club account until fully invested. Existing account balances and deposits will not be counted towards satisfaction of the necessary load to earn this bonus. Bonus will be based upon the total net new recurring funds loaded and continuously maintained on the platform during the required period. Bonus will be locked and only available for investing once all of the newly loaded funds are invested on the platform. Your bonus, if any, will be deposited in your Lending Club account by the 15th day of the third month post the initial transfer providing the scheduled recurring transfer has been maintained over the entirety of the three months. One bonus per tax ID. Program may be discontinued at any time without notice. Lending Club reserves the right to withdraw any bonus amount upon violation of these terms. Failure to fully invest the new funds within 60 days will result in your forfeiture of the bonus amount and its automatic withdrawal by Lending Club. Transactions in the secondary market (the trading platform operated in by FolioFN) do not count as “investing funds” or towards unlocking the bonus. This bonus payment is taxable so please consult with your personal tax advisor. You are responsible for any taxes related to this offer. Void where otherwise prohibited. This offer may not be combined with any other offer. “
