Spring cleaning – but for your finances. Just like we have the urge to dive into our closets and make some room for our spring clothes, now is the time to dive into our finances and see where we can make some adjustments and improvements. As the weather gets warmer, we can take a step back and think about how we spent our money this past winter. Did we exceed our online spending budget? How are we doing on our new year’s financial goals? How can we start saving a little bit more?
1.. Switch to a checking account that earns you money
There is no excuse to keeping your money in a checking account that isn’t saving you money. If you still haven’t made the switch to a Rewards Checking account, now is the time. Our Rewards Checking account doesn’t charge you any monthly fees, and instead puts money back in your pocket. Earn 1% cash back on everyday purchases and enjoy ATM rebates.1,2
2. Do your research: Listen to financial podcasts
Podcasts have become a popular topic of conversation this year, and this summer you’re going to want to be able to brag about the latest podcast you listened to this spring. Learn a little bit more about managing your finances and listen to Paula Pant’s educational series “Afford Anything”. Whether you are out on your walk or getting ready for dinner, a financial podcast is a great listen. For a list of more podcast options check out a few of our favorites.
3. Clean out unneeded subscriptions
This winter might have been an exceptionally busy time binging TV shows and movies. Many of us have signed up for that extra monthly subscription service just so we can watch that one movie without commercials. As we start to look forward to the warmer weather, it’s important to check back in on those monthly subscription services and see where we can cut back. Need a hand? BillShark helps you look at your monthly bills and cut back in areas you didn’t know you could.
4. Have a mobile app that helps with your financial health
Everything has an app now a days, and that includes your bank. Mobile banking makes everything easier, now you can check your transactions, deposit checks, and stay on top of your budget from anywhere and everywhere. Take the time this spring to make sure you have the right apps that help make your finances that much more manageable.
Ready to spring into action? Take a look at our Rewards Checking page to learn more about the advantages that come with online and mobile banking.
1] The Debit Card Rewards Program (Cash Back Rewards) will provide 1.00% cash-back on all Qualified Purchases made by eligible Rewards Checking account holders if the account holder does any of the following; meet the requirements, is grandfathered in, or keeps an average balance of $2,500 or greater within the calendar month in their Rewards Checking Account, or receives total deposits of $2,500 or more in their Rewards Checking account via qualifying Direct Deposit within the month. Qualifying Direct Deposits are Automated Clearing House (ACH) credits, which may include payroll, pension or government payments (such as Social Security) by your employer, or an outside agency. LendingClub Bank N. A. may require documentation to verify that credits are Qualifying Direct Deposits. The value of this reward may constitute taxable income to you. You may be issued an Internal Revenue Service Form 1099 (or other appropriate form) to you that reflects the value of such reward. Please consult your tax adviser, as LendingClub Bank N. A. does not provide tax advice. Qualified Purchases include signature-based purchases made with a LendingClub Bank Debit Card tied to a Rewards Checking account enrolled in the Debit Card Rewards program. These are “credit” purchases that can be made in stores and online. To make a signature-based purchase, select “credit” rather than debit at point-of-sale kiosks. The “credit” option is most often pre-selected when making purchases online using a debit card. Online subscription payments may not be considered signature-based purchases. The payment transaction type (signature-based or other) is ultimately decided by the merchant and how the transaction is transmitted to LendingClub Bank N. A. at the time of processing. We reserve the right to determine if a transaction was a Qualified Purchase, and to establish additional types of Qualified Purchases that could be made available in a variety of ways. Any goods or services purchased with the LendingClub Bank Debit Card that are returned or otherwise credited to your Account are not qualified purchases. Unlawful purchases and purchases of currency, cash or cash equivalents (including, without limitation, currency from the U.S. Mint, Travelers Cheques, gift cards, Cryptocurrency, Casino Chips, Peer to Peer Payments, prepaid debit cards, account openings, loan payments, or other cash equivalents) made with your LendingClub Bank Debit Card are not Qualified Purchases. We may require you to provide documentation to validate that certain purchases are Qualified Purchases. LendingClub Bank N. A. reserves the right to modify or discontinue this program at any time. Your enrolled account must remain open, active, and in good standing to participate in the program, meaning: No NSF (non-sufficient funds) items during the preceding twelve calendar months in your checking account (regardless of the type of checking account). An eFunds check must show no negative history in the preceding twelve months and all monthly servicing fees must have been paid in full for the 12 preceding months. LendingClub Bank N. A. reserves the right to modify the description of “good standing” at any time. If you or the Bank closes your account for any reason before the end of the statement cycle, you will forfeit all rewards accrued through your linked Debit Card during that statement cycle.
2) Get unlimited automatic ATM surcharge rebates for ATM fees other banks charge you. ATM surcharge rebates apply to cash withdrawals from a Rewards Checking account using the LendingClub Bank issued Debit Card wherever it is accepted. LendingClub Bank N. A. does not charge a fee for using another bank’s ATM. ATM fees will be rebated at the end of each statement cycle. Excludes international exchange fees. LendingClub Bank N. A. makes its best effort to identify those ATM fees eligible for rebate. In the event that you have not received a rebate for a fee you believe is eligible, please contact Customer Service at 800.242.0272. LendingClub Bank N. A. reserves the right to modify or discontinue the ATM surcharge rebate program at any time. Out-of-network ATM fees cost $2.50 on average — source: CNBC as of 01/26/2022. If someone were to use an out-of-network ATM 6 times per month at an average fee of $2.50 per withdrawal, they would spend $180 in ATM fees in 12 months.