When borrowers make a payment, it takes 4 full business days from the date a borrower’s bank receives the ACH request for the payment to arrive at Lending Club. Please see the table below for general guidance around when to expect funds to post. Lending Club distributes the proceeds to investors on the day of receipt.
|Day the Borrower Payment Is Due*||
Day LC's Banking Partner Receives ACH Request
|Day Payment Is Received and Credited to the Investor's Account**|
|Saturday, Sunday, Monday||Monday||Friday|
*This table assumes that each weekday is a business day. If, for example, Monday is not a business day, then the borrower’s bank will not receive the ACH request until the following business day.
**This is the time payment can be expected. Payment could actually be received on an earlier or later date.