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Summary:  Founded in 2007, Happen Bank, formerly known as LendingClub, is an online bank that has since grown to serve more than 5 million members nationwide. Happen offers banking products and services for individual customers and businesses, including checking accounts, savings accounts, certificates of deposit (CDs), loans, and more.

With Happen Bank's LevelUp checking account, customers can earn unlimited 1% cash back on qualified purchases and 2% cash back for on-time personal loan payments. There are no monthly maintenance or overdraft fees, and no minimum balance or transaction requirements. Account balances of $2,500 or greater earn 1% APY.

Happen Bank's high-yield savings account offers an impressive 4% APY when you deposit a minimum of $250 per month in your account. If you fail to meet this requirement, you'll still earn a higher-than-average 3% APY. There's no minimum opening deposit or minimum balance needed to keep your account open.

Happen Bank offers CDs with terms ranging from six months to five years. The minimum amount needed to open a CD is $500. Interest earnings can be deposited into your CD or sent to your Happen Bank account.

Happen Bank offers personal loans of up to $75,000 with fixed rates, fixed monthly payments, and no prepayment fees. APRs range from 5.96% to 35.96%. Personal loans are available with terms of two to seven years.

Happen Bank partners with the nonprofit Accion Opportunity Fund to connect customers with affordable small business loans from $5,000 to $250,000.

Customers can apply for auto loan refinancing on the Happen Bank website. To qualify, your vehicle must be for personal use only, 10 years old or newer, and under 120,000 miles. Although, some well-qualified borrowers may still be eligible vehicles that have up to 150,000 miles and are up to 13 years old. 

Additionally, your existing auto loan must have a balance between $4,000-$100,000, and have at least 24 months of payments remaining.

Happen Bank offers financing for customers who need help paying for costs associated with dentistry, fertility, hair restoration treatments, weight loss surgery, tutoring services, elective medical procedures, auto repairs, and more.

See our ranking of the 10 best online banks for 2026>>

Happen Bank does not charge fees for its accounts, with the exception of its early withdrawal penalty for accessing funds in a CD before it reaches maturity.

Read more: What are bank fees, and how do I avoid them?

Here are some of the major pros and cons to consider before becoming a Happen Bank customer:

Pros:

Rewards checking account: The rewards checking account comes with a competitive cash back rate of 2% for on-time personal loan payments, as well as 1% cash back on all debit card purchases.

ATM fee rebates: If you make frequent trips to the ATM, Happen Bank offers unlimited ATM fee rebates for any fees charged by other banks or ATM owners.

No monthly maintenance or overdraft fees: Happen Bank does not charge overdraft fees or monthly maintenance fees.

Cons:

No physical branches: Happen Bank is an online bank and does not have any physical branches for customers to visit.

High minimum balance required to earn checking interest: To earn interest on checking account balances, customers need to have a balance of at least $2,500.

For help with checking accounts, savings accounts, and CDs, customer support is available Monday through Saturday from 5 a.m. to 5 p.m. PT by calling 800-242-0272. 

Personal loan customers can contact customer support at 888-596-3157, Monday through Friday from 5 a.m. to 5 p.m. PT and Saturday from 8 a.m. to 5 p.m. PT. 

Business loan customer service representatives can be reached via email at business@happen.com or via telephone at 855-846-0153, Monday through Friday from 7 a.m. to 5 p.m. PT. 

Customers with an auto refinance loan can reach a service representative via telephone at 888-845-0010, Monday through Friday from 6 a.m. to 3 p.m. PT.

For easier online banking, Happen Bank offers a mobile app on the App Store and Google Play where customers can monitor account balances, make payments on loans, check their credit scores, and more. The app has a rating of 4.8 stars on the App Store and 4.5 stars on Google Play.

Yes, Happen Bank is a real bank. It's the newly rebranded name for LendingClub Bank.

Yes, Happen Bank is an FDIC-insured institution. All deposits are guaranteed up to $250,000 per depositor, per institution, per ownership category.

Happen Bank's routing number is 211075086.

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