Lending Club up to $1000 IRA Bonus

by Andy Hough on February 21, 2011 · 0 comments

You can receive up to a $1000 bonus for transferring your IRA account to Lending Club. Not many people will qualify for the maximum bonus but the $100 bonus isn’t too much of a stretch for an IRA account. Here are some of the terms of the bonus.

Transfers over $250,000 receive $1,000; transfers between $100,000-$249,999 receive $500; transfers between $50,000-$99,999 receive $250; transfers between $25,000-$49,999 receive $100 (terms and conditions apply).

To receive your bonus, all funds must be (1) newly transferred within 60 days of opening the IRA, (2) continuously maintained in your Lending Club account and (3) fully invested on the Lending Club primary platform market within 90 days. The funds that qualify you for this bonus offering will be locked for investment purposes only and unavailable for withdrawal. You acknowledge and agree that Lending Club reserves the right to withdraw the full original value of the bonus amount delivered to you upon violation of any of these terms. Failure to fully invest the new funds within 90 days of opening the IRA account will result in your forfeiture of the bonus amount.

Transactions in the secondary market (the trading platform operated in by FolioFN) do not count as “investing funds” or towards unlocking the bonus. This bonus payment is taxable so please consult with your personal tax advisor. You are responsible for any taxes related to this offer. Void where otherwise prohibited. This offer may not be combined with any other offer. Limit: One bonus per tax ID with a maximum bonus of $1,000 per tax ID.

Lending Club - Start Investing Online Today!

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