What Happened to the LendingClub Bonus?
The image above is our original code image, kept for the record — that $150 investor bonus is no longer offered. We’re not generating a new code card because we couldn’t confirm a current sign-up bonus or referral program on Happen Bank’s site (details below).
LendingClub launched in 2007 as a peer-to-peer lending marketplace: everyday investors could put money into consumer loans and earn interest, and this page’s original $150 bonus rewarded people who deposited at least $5,000 to invest that way. LendingClub discontinued that retail notes platform for individual investors in December 2020, after acquiring Radius Bank and becoming a chartered bank itself. The $150-for-$5,000-invested bonus described on this page has not been offered since.
More recently, the company has folded its consumer-facing brand into Happen Bank. Visiting lendingclub.com now redirects to happen.com, and the Happen Bank app in the App Store is published by LendingClub Corporation — so this is a rebrand, not a shutdown. LendingClub as a chartered bank is alive and operating; the specific referral-bonus mechanic this page used to promote is gone.
Related on Couponsuck
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- Personal loans up to $75,000, with advertised APRs starting around 6.53% (rate varies by creditworthiness)
- A “LevelUp Savings” account advertising 4.00% APY on accounts with at least $250 in deposits
- CDs and debt-consolidation loans
We checked Happen Bank’s site for an active refer-a-friend or new-account bonus and didn’t find one publicly advertised at last check. Our original referral link still forwards through to Happen Bank’s site with the same referrer ID it always used, so we’re leaving it in place in case that’s honored — but we can’t confirm it triggers any bonus today, so don’t sign up expecting the old $150.
Looking for an Active Bank Sign-Up Bonus Instead?
If what you actually want is a working sign-up bonus for a personal loan or online bank account, SoFi’s current offer is a closer match to what this page originally promised — SoFi combines personal loans with bank accounts and, at last check, has an active new-account bonus. See our SoFi Bank Bonus post for current terms. Current and Chime are also active if you’re just looking for a fee-light bank account bonus rather than a loan product.
What Happen Bank Actually Offers Now
This is factual product information, not financial advice — compare rates and terms for your own situation before applying anywhere. As of last check, Happen Bank’s site advertised:
Frequently Asked Questions
Is the LendingClub $150 bonus still available?
No. That bonus was tied to LendingClub’s peer-to-peer notes investing platform, which was discontinued for individual investors in December 2020. It has not been reinstated under the Happen Bank rebrand.
Is LendingClub still a real company?
Yes. LendingClub is a chartered bank (it acquired Radius Bank in 2021) and its consumer brand now operates as Happen Bank — “Happen Bank, formerly LendingClub,” per the company’s own site. It’s alive, just rebranded and refocused on loans and deposit accounts rather than peer-to-peer investing.
Can I still invest in consumer loans through LendingClub/Happen Bank?
Not as an individual retail investor buying notes the way this page originally described. That marketplace shut down in December 2020. Happen Bank today offers personal loans, savings accounts, and CDs — you’d be a depositor or borrower, not a peer-to-peer note investor.
Does the old referral link on this page still work?
It still redirects through to Happen Bank’s site and carries our original referrer ID in the URL, but we could not confirm it triggers any current bonus. Treat it as a plain link to Happen Bank rather than a guaranteed bonus link.
The LendingClub offer is history.
The record lives here.
The original details are preserved above — and the intro points to what still works today.
See the current alternative