Free Money from Lending Club – $25 Signup Bonus
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FacebookThe good folks at Lending Club have offered to provide FCN readers with a $25 signup bonus* just for opening a Lending Club account. As you might recall, I recently gave away $100 to one lucky Lending Club account holder. This time around, there’s something for everyone!
Here’s how it works…
1. Visit Lending Club using a link in this post
2. Open and activate a lender account
3. The $25 will be automatically deposited in your account shortly
That’s it. You can then lend the money out and start earning interest. Note that there are some eligibility requirements for opening a Lending Club account (must be 18, certain states excluded, etc.), but those should quickly become apparent when you click through.
*Note: The signup page won’t say anything about the bonus, but they’ll be able to track and credit you using the special link in this post.
Published on March 26th, 2009 - 10 Comments
Filed under: Miscellany
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About the author: Nickel is the founder and editor-in-chief of this site. He's a thirty-something family man who has been writing about personal finance since 2005, and guess what? He's on Twitter!
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You can even withdraw the money! I wonder how many people will?
Thanks,
Comment by Nate @ Debt-free Scholar — Mar 26th 2009 @ 9:10 amNate
You can too withdraw – or you can go ahead and invest it on Lending Club. You just have to set up your bank account so there’s somewhere to withdraw to.
I signed up on a $25 dollar bonus freebie like this a month or two ago. I opted to invest the free money. Now I have my own referral link – and it pays out $50 to the new user. I posted it on my blog when I got it and it still works. I’d be happy to share the link here but I don’t think Nickel would appreciate it.
I wonder why some people get $50 referrals when others only get $25?
Comment by Jacqui — Mar 26th 2009 @ 9:19 amI signed up through the referral and did not realize until afterwards (as I was reading the FAQS) that some people cannot invest because of state residency. Unfortunately, the state where I reside is one of those.
Comment by Ann — Mar 26th 2009 @ 12:46 pmIn the FAQ it says you must make 70k a year to be a lender. Can those of us who don’t make 70k a year still get the sign-up bonus?
Comment by Heather — Mar 26th 2009 @ 3:49 pmHeather: I believe so. Can’t hurt to try.
I am not up to date but didn’t the Lending Club have to pause their program to file paperwork with the SEC?
Comment by Mark — Mar 26th 2009 @ 7:10 pmIt did shut down. But they reopened with a new note resale section.
And you can definitely take the money even if you don’t meet the lender qualifications. Those don’t apply to the resale notes section (anyone can buy there). Therefore, Lending Club won’t restrict you from taking the money (presumably in hopes you’ll use it buy resale notes).
Comment by Jacqui — Mar 26th 2009 @ 8:43 pmYes, I think that they may have gone into a “quiet period” while they filed paperwork with the SEC. I believe that Prosper is going through something similar right now.
Not for people in texas
.
Comment by unimax — Mar 27th 2009 @ 5:32 pmI signed up. Got my $25 and invested it in a loan. Then I found out my state wasn’t one of the ones eligible.. Now just wondering what will happen to the $25. It looks like everything is fine.. shows my investment and the accumulating interest and everything.
Comment by skep — May 22nd 2009 @ 12:01 pm