LendingClub Bank, a fully online bank, offers a checking account that works great for students. The Rewards Checking account comes with excellent features such as 1.00% cash back on all purchases and the worldwide reimbursement of ATM fees charged by other banks. Direct deposit paychecks arrive up to two days early. Plus, the account doesn’t have any monthly or hidden fees.
In addition, the account earns interest on balances of $2,500 or more, making the combo of cash back and compound interest a great way to earn and save at the same time. The account earns 0.10% APY on balances of $2,500 to $99,999.99 and 0.15% APY on balances of $100,000 and up.
The bank’s digital tools and customer service are well designed to ensure the best customer experience.
Read our full Radius, Now LendingClub, Bank review.
Details
The LendingClub mobile banking app earns high ratings, with 4.5 out of 5 stars on the App Store and 3.5 out of 5 stars on Google Play. To earn the 1.00% cash back, your account needs to have an average balance of $2,500 or more per month or receive total monthly qualifying direct deposits of $2,500 or more.