Radius is now LendingClub
On February 1st, 2021, LendingClub Bank N.A. acquired Radius Bank. The acquisition combines the strengths of two digital innovators with complementary businesses and a digital-first, branchless approach to banking.
Subsequently, does radius Bank have Zelle?
No Zelle. Radius bank does not use Zelle.
Also, is Lending Club FDIC insured?
FDIC-insured up to at least $250,000 per depositor.
Is LendingClub a bank now?
With the completion of the acquisition in February 2021, LendingClub became a bank holding company that will conduct most of its operations through the bank. …
As the only full-spectrum fintech marketplace bank at scale, our members can gain access to a broad range of financial products and services through a technology-driven platform, designed to help them pay less when borrowing and earn more when saving.
Radius Bank is a good choice for someone looking for an online bank account with low fees and competitive interest rates. If you get paid via direct deposit and don’t use much cash, this bank could be perfect for your needs.
Radius became a leading online bank and was acquired by LendingClub, a fintech company that issues personal loans online. … The acquisition was announced on February 18, 2020, and closed on February 1, 2021, allowing Radius, now LendingClub Bank, to expand its product and service offerings.
LendingClub is America’s largest lending marketplace, connecting borrowers with investors since 2007. Our LCTM Marketplace Platform has helped more than 3 million members get over $60 billion in personal loans so they can save money, pay down debt, and take control of their financial future.