Author Topic: Did Anyone Participate: Lending Club Recurring Transfer Cash Bonus Program?  (Read 2135 times)

LCInvestor

  • Newbie
  • *
  • Posts: 3
    • View Profile
Did anyone here participate in Lending Club's "Recurring Transfer Cash Bonus Program"?

It started in August of 2010 and gave Investors 1-1.5% Bonus on the amount of recurring bank transfers that were subsequently invested.
The bonus was paid out about 75 days after the bank transfer.

I have continued to add money to my Lending Club account in this program but noticed that the bonus was missing in January (for money added in October).

Did anyone here participate and if so, did you get the Bonus in January or did you get any message that the program was terminating?




SBryantMS

  • Jr. Member
  • **
  • Posts: 95
    • View Profile
Email from LC received 2012/09/04:

LendingClub    
Discontinuation of Recurring Transfer Cash Bonus Program

Dear SBryantMS,

Thank you for participating in Lending Club's Recurring Transfer Cash Bonus Program.

After introducing this program more than a year ago and paying thousands in bonuses to investors just like you, please note that we will be discontinuing the Recurring Transfer Cash Bonus Program effective October 1, 2012.

Recurring transfers completed by September 30, 2012 that fulfill the bonus program Terms & Conditions* will still be eligible for a cash bonus. Your final bonus, if any, will be deposited into your Lending Club account by December 15, 2012.

Thank you again, and here's to earning more solid returns at Lending Club in the years to come.

Best regards,

The Lending Club Team