ByThe Hassle-Free Way to Get Radius Bank Fees Waived
From overdraft fees to transfer fees to ATM fees, the typical American loses over $100 each year on bank fees. However, fighting those monthly bank fees will get you the cash you deserve back in your pocket. Since LendingClub Bank acquired Radius Bank in 2021, the process for getting waived can be confusing on your own. Lucky for you, DoNotPay is here to help.
DoNotPay offers an automated, less frustrating way to fight . Our straightforward process makes waiving all types of bank fees a breeze. You'll never have to worry about spending hours waiting on hold to dispute Radius Bank/LendingClub charges again.
How the Recent Acquisition of Radius Bank by LendingClub Bank Affects Fees Charged
Since LendingClub Bank recently acquired Radius Bank, original Radius Bank account holders may be confused about finding the cost of common bank fees. Customers cannot visit a physical location for assistance as an online-only bank. Therefore, you must reference the fee structure on LendingClub Bank's website to understand each type of transaction charge. For navigating how to dispute unrecognized bank fees on your Radius Bank account, you'll need to contact LendingClub Bank via phone, chat, or mail.
Common Radius Bank Charges
The fee types charged by Radius Bank/LendingClub Bank are fairly standard among what you find across the industry.
Radius Bank/LendingClub Bank Overdraft Fees
An overdraft fee occurs when you make a payment that surpasses your current bank account balance, but your bank agrees to lend you the money to cover it. Your bank may label it as an authorized or unauthorized overdraft, depending on whether they were notified before the overdraft occurred. At LendingClub Bank, you are not charged an overdraft fee for single overdraft items of $5.00 or less.
Insufficient Funds Charges
While it sounds similar to an overdraft fee, nonsufficient funds (NFS) happen when you exceed your account balance when making a payment, and your bank refuses to cover it. Ways to avoid this infuriating charge by Radius Bank is by:
- Opting into your bank's overdraft program
- Turn on low balance alerts for your account
- Make a refund request to Radius Bank for the charge
Transfer Fees and Foreign Transaction Fees Charged by Radius Bank
Wire transfer fees are one way to move money from one bank account to another or make a payment for personal or business purposes. It is an excellent way to send a large sum of money or quickly move money, but it often comes with a high cost. The cost can vary for incoming and outgoing foreign transfers because of the interbank rate for trading large amounts of foreign currency.
ATM Fees
Since LendingClub Bank is a member of MoneyPass and SUM, members can use their LendingClub Bank debit and ATM cards at over 37,000 ATMs without paying a surcharge. Typically, when using an ATM that is not affiliated with your bank, you'll incur an ATM fee to get cash from the machine.
Account Maintenance Fees Charged by Radius Bank
As the name implies, this fee is to help maintain your account. However, some banks, including LendingClub Bank, offer a waiver for the account maintenance fee when keeping a minimum amount in your account.
Radius Bank/LendingClub Bank Fees Explained
Understanding the types of fees Radius Bank charges is only one piece of the puzzle. The next natural question is how much you can expect to pay for the bank fees. We've broken down the common Radius Bank fees and their costs in an easy-to-understand table.
Common Radius/LendingClub Bank Fees
| Daily Overdraft Fee (Members Rewards Checking are excluded from this fee) | $5.00 per day |
| Paid Non-Sufficient Funds Charge (excluding Members Rewards Checking) | $25.00 per item |
| Deposited Item Reversal | $8.00 |
| Returned Item Charge | $25.00 per item (ex. check, debit) |
| Stop Payment | $25.00 |
| Domestic Wire In | $10.00 |
| Domestic Wire Out | $20.00 for consumers $18.00 for business |
| International Wire In | $10.00 |
| International Wire Out | $40.00 |
| Out of Network ATM Fee | $2.50 (Member Rewards Checking only) |
| Expedited ATM Card or Debit Card | $35.00 |
| Money Order | $3.00 |
| Levy | $75.00 |
| Treasurer's Check | $8.00 |
| Summons | $75.00 |
| Subpoena | $75.00 |
| Research | $25.00 per hour |
| Abandoned Property | $50.00 per account |
| Canadian Item Collection | $7.00 |
| Foreign Item Collection | $30.00 |
Monthly Radius Bank Charges
| Dormant Service Charge | $5.00 |
| Maintenance Fee for Tailored Checking accounts carrying under $5,000 | $10.00 |
| Service Charge for Essential Checking only | $9.00 |
How You Can Get Radius Bank Fees Waived
While some Radius Bank/Lending Club Bank fees are necessary, it never hurts to try to get a refund for certain fees. Whether you believe Lending Club Bank wrongly charged your account or you made a mistake when making changes to your account, you can contact Radius Bank/Lending Club Bank to get to the bottom of the charge. Without any physical locations, you have three options to request a waiver of monthly Radius Bank fees.
- Call LendingClub Bank at 800-242-0272.
- Chat with a LendingClub customer service agent about your bank account charges.
- Write and mail a letter to Radius Bank. You can mail your request letter to P.O. Box 55063, Boston, MA 02205-5063
It's important to note that when contacting Radius/LendingClub Bank by phone or website chat, you'll need to call/chat between 8:30 AM-12:00 AM ET Monday through Friday or Saturday and Sunday from 8:00 AM-8:00 PM ET.
Regardless of the method of contact you choose, the likelihood of successfully getting your Radius Bank fee waived varies on a case-by-case basis. The process of requesting a refund for surprise bank fees can be overwhelming and difficult to navigate for average consumers. Once you contact the right person at Radius Bank, knowing the right wording and text to use to get your fees waived is a mystery to most. Luckily, DoNotPay takes the hassle out of getting bank fees waived by contacting the bank on your behalf automatically to fight the fees and get you more money in your account at the end of each month.
You Can Get LendingClub Bank Fees Waived With the Help of DoNotPay
Are you tired of paying outrageous bank fees to Radius Bank/Lending Club every month but don't know how to fight the fees alone? DoNotPay is the perfect solution to save you the hassle and headache of asking for waived Radius Bank fees. You can let DoNotPay automatically appeal all bank fees on your behalf each month.
Use the Fight Bank Fees product to run in the background, and our bots will automatically appeal your fees without any extra effort on your part. Fighting Radius Bank/Lending Club bank fees on your own is time-consuming and difficult. DoNotPay provides the fast, simple solution for getting the cashback you deserve for all types of bank charges.
How to Get Radius Bank Fees Waived Quickly with DoNotPay
Don't know where to begin to get a refund for Radius Bank/LendingClub Bank fees? DoNotPay has you covered in 4 easy steps:
- Open the DoNotPay Fight Bank Fees product.
- Enter the name of your bank.
- Verify the last 4 digits of your bank account.
- Choose which fees you want to waive, including overdraft, ATM, and transaction fees.
It's that simple! DoNotPay will help you get cashback for fees charged by Radius Bank/LendingClub Bank. Contact us today to help you you feel was a mistake.
DoNotPay Handles All Your Bank Fee Disputes
While DoNotPay can make getting rid of your Radius Bank fees easy, we can also help with monthly bank charges across all institutions.
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