Lending Club currently offers the following types of investing accounts:
An account in your own name. If you open an account only using our online process, you will open either an individual account or an IRA account (described below). If you wish to setup any other type of account, you will need to contact Lending Club via firstname.lastname@example.org or at 1-888-596-3159.
You can open a Traditional IRA, Roth IRA, SEP IRA, or Simple IRA with Lending Club based on your specific investment goals. Any of these types of accounts may be opened through a self-directed IRA by establishing an account through Lending Club’s preferred IRA custodian, Self Directed IRA Services, Inc., a subsidiary of Horizon Bank. To open an IRA, please click here and complete the application. If you have questions, please call Lending Club Investor Services at 1-888-381-9309.
An account in the name of two or more individuals holding joint interests. If you would like to open a joint account, the primary contact on the account should open an individual Lending Club account online, and then request a joint account form from Investor Services via email@example.com. Once we have all the paperwork we need, we can convert the account to a joint account.
An account in the name of a trust, with a trustee controlling the assets on behalf of a specified beneficiary. If you would like to open an account in the name of a trust, please contact Investor Services at 1-888-596-3159 or firstname.lastname@example.org.
An account opened in the name of a corporation or LLC. This type of account can be controlled by an authorized representative of the corporation. If you would like to open an account in the name of a corporation, please contact Investor Services at 1-888-596-3159 or email@example.com.
You can also invest in Lending Club notes via accounts set up for minors, including Uniform Gifts to Minors Act (UGMA) and Uniform Transfers to Minors Act (UTMA) accounts. If you would like to open an UGMA or an UTMA, please contact Investor Services at firstname.lastname@example.org for the appropriate application.