Business Banking

Wire Transfer FAQs

Frequently Asked Questions

What is a wire transfer?

A wire transfer is an electronic payment service for transferring funds by wire, for example through SWIFT, the Federal Reserve Wire Network or the Clearing House Interbank Payments System. 

What is a SWIFT code?

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) Code is a unique identification code that may be required by some banks, broker-dealers and investment managers for the completion of international wire transfers. 

Can I send a wire same-day?

Domestic wires submitted before 4 PM ET and international wires submitted before 1 PM ET will be sent same-day. Wires submitted after these times will be sent the next business day.  

Can I cancel a wire?

All wires are guaranteed funds. Once they are sent out, there is almost no chance of having the funds returned unless the receiving party agrees to the return.

How do I send domestic wires?

Personal Banking Clients: Our Elite and Reserve Tier customers can place a wire via online banking and our mobile app. For all other customers, they can reach out to customer service here to initiate a wire. Please note, we are unable to process wires for Essential Checking accounts. 

Small Business Clients: Business customers can place a wire via online banking and our mobile app. 

Commercial Business Clients: Commercial Business customers can place a wire via online banking and our mobile app. 

Domestic Wires must be submitted before 4 PM ET to be sent same-day. 

How do I send an international wire?

Personal and Small Business Clients: Customers can reach out to customer service here to initiate a wire.    

Cash Management Business Clients: Cash Management Business customers can initiate a wire via online banking.  If you need further assistance, please contact Cash Management at 833.498.1399

International wires must be submitted before 1 PM ET to be sent same-day.

Restrictions apply.

Are there fees and limits for domestic and international wire transfers?

Fees and limits may apply, depending on your account type and the type of wire. You will be able to review any fees and limits before completing your wire transfer in Online Banking.  

What is the updated incoming international wire process?

As of June 7, 2021, we have an updated process for incoming international wires. This process will only be for incoming international wires and we ask that you provide the below to the person or business wiring the funds.

Please have your bank send a fed wire through their North American correspondent to:

LendingClub Bank
2701 N Thanksgiving Way
Lehi, UT 84043
ABA#: 211075086

For credit to LendingClub Bank: Your name and address
Your LendingClub Bank account #:
Ref: Payment details

If the sending bank bank does not have a North American correspondent:  

Intermediary Bank
Beneficiary Bank Name: PNC Bank N.A.
Beneficiary Bank Address: 249 Fifth Avenue, Pittsburg PA 15222 USA
Beneficiary Bank SWIFT/BIC: PNCCUS33
Beneficiary Bank ABA: 043000096                        

Final Beneficiary Account: 1082043964
Final Beneficiary Name: LendingClub Bank, N.A.
Final Beneficiary Address: 2701 N Thanksgiving Way
Final Beneficiary Address: Lehi, UT 84043

Reference Field: LendingClub  Bank customer’s name
Reference Field: LendingClub Bank customer’s account number
Reference Field: Payment information

What are the restricted countries as it relates to payments?

Effective July 1, 2021, we will not accept or process any wire transfers, whether they are incoming or outgoing, to or from the high-risk countries listed below:  

  •  Afghanistan
  • Burma / Myanmar
  • Congo (Dem. Republic of the Congo) 
  • Cuba 
  • Guinea Bisou
  • Haiti
  • Iran 
  • Iraq 
  • Jamaica
  • North Korea / Peoples Republic of North Korea
  • Lebanon
  • Libya 
  • Morocco
  • Nicaragua 
  • Pakistan
  • Panama
  • Phillippines
  • Russian Federation 
  • Somalia 
  • South Sudan, Republic of 
  • Sudan 
  • Syria 
  • Ukraine 
  • Venezuela 
  • Western Sahara
  • Yemen 
  • Zimbabwe 

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