Lending Club - Worst Experience of my life
This review is from a real person who provided valid contact information and hasn't been caught misusing, spamming or abusing our website. Check our FAQ
New Reviewer
The issue has not been resolved. Every time I called them they tell me something different, I asked to speak to a manager and they hang up on me multiple times. So I am still out of almost $13,000.
I opened a savings account with Lending Club, did a mobile deposit of $12,500, and they emailed me asking for proof of where I got the money, which I provided. They also asked for more proof of who I am, which I also provided.
The next day, they closed my account and kept my money. I have been calling them and got different answers all the time. Now they are saying that my life savings were considered abandoned funds and were sent to the State of Delaware for 3 years. I have never been there or lived there.
This has been the only communication with them. How can you just keep my money with no communication, no explanation? This has been one of the most stressful experiences of my life.
I want my money. It is not yours to keep; show me where I gave you the right to keep my money.
Monetary Loss: $12500.
Preferred solution: Full refund.
Lending Club Cons: Are thieves.
Thank You for Your Reply! We are processing your message.
Comments
Please avoid publishing any personal information and promotional content
They did not keep your money. Transactions over ten thousand dollars face extra scrutiny.
(a federal requirement). It sounds like appropriate verification was not provided. The only reason Delaware is mentioned is that more than likely was the location of the source of your attempted deposit. You need to contact whoever issued the funds.
If you don’t, after three years it is considered abandoned and sent to the state treasury.
This bank did not “keep” your money. It was returned to the issuer and never deposited.
What are you talking about? When you go to a bank to open an account, no bank has the right to keep your money for 3 years, especially without telling you or give you any information. Show me that law.
I’m not with the bank. You reached a third party consumer forum.
The bank returned your attempted deposit back to whoever issued it.
They never had it. They rejected your attempt to deposit those funds.
No, a bank does not have the right to keep your money after closing your account; they are legally obligated to return any remaining funds to you, usually by check or transfer to another account. If LendingTree closed your account and kept your money without reason, they may have violated consumer protection laws, and you should immediately contact the Consumer Financial Protection Bureau to file a complaint.
It's also possible you're dealing with a scam. So you the bank is scamming.
You can’t read. You’re putting the cart before the horse.
The whole problem is the bank WOULD NOT authorize the deposit.
The bank closed the account based on an ATTEMPT to make a sketchy deposit. They never had the money.
If you’re going to be rude, do not respond to my complaints. Thank you
What are you talking about? It was a mobile deposit the check was cashed.