Author Topic: Does Lending Club process payments on the weekends  (Read 2761 times)

jd

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Does Lending Club process payments on the weekends
« on: October 13, 2017, 12:10:12 PM »
I have a few loans with a payment date of 10-14-17 (Saturday). I was just wondering if I will see a record of them on Saturday or it will be pushed back to Monday.

Thanks

BruiserB

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Re: Does Lending Club process payments on the weekends
« Reply #1 on: October 13, 2017, 02:40:51 PM »
I have a few loans with a payment date of 10-14-17 (Saturday). I was just wondering if I will see a record of them on Saturday or it will be pushed back to Monday.

Thanks

Payments show up in your account 3 business days after they are made.  Weekend payments process on Monday and show up on Thursdays.  You’ll find Thursdays are typically the highest payment days in your account because of this.  This week since Monday was Columbus Day, the payments from Saturday, Sunday, Monday, and Tuesday will all come in tonight on Friday.  So Monday bank holidays result in the payments coming on Friday rather than Thursday.

jd

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Re: Does Lending Club process payments on the weekends
« Reply #2 on: October 13, 2017, 08:05:38 PM »
Thank you so much. I figured it might be something like that.

Just to clarify will see the weekend payments on Monday but not have access to them until Thursday? Or will I not see anything about the weekend payments until Thursday?

Thanks again so much.

Eddie

lascott

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Re: Does Lending Club process payments on the weekends
« Reply #3 on: October 14, 2017, 01:50:02 PM »
Thank you so much. I figured it might be something like that.

Just to clarify will see the weekend payments on Monday but not have access to them until Thursday? Or will I not see anything about the weekend payments until Thursday?
Thanks again so much. Eddie
Example from 2015 showing thursdays.

This thread: http://forum.lendacademy.com/index.php/topic,3353.msg31784.html#msg31784
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