Quick Summary
- Competitive online banking products (and app-based products)
- One of the few banks that offers interest-earning checking
- Online business bank accounts for small businesses
Pros
Cons
Happen Bank is the new name for LendingClub Bank, with an official rebrand expected to launch in the summer of 2026. This isn't its first rebrand. It was previously Radius Bank, before being acquired by LendingClub in 2021.
Regardless of the name changes, Happen/LendingClub/Radius has always been well known for its peer-to-peer lending products, but has since shifted to great free checking and business banking.
It's been focused on offering top-notch online checking options, and recently started offering really competitive online business banking products.
Happen Banking is continually named to our list of best free checking accounts. And they're also on our list of best business bank accounts. Learn more if Happen Checking is right for you in our Happen Banking review below!
What Is Happen Banking?
Happen Banking is an online bank but has one branch in Boston, MA. It was originally known as Radius Bank. Radius was founded in 1987 and was acquired by LendingClub in 2021, before rebranding as Happen in 2026. Regardless of its most recent changes, the online financial institution maintains some of the best online banking options available to consumers.
What Do They Offer?
Happen Banking serves personal, business, and institutional clients. It offers a full suite of financial products, including checking, savings, CDs, loans, mortgages, insurance, credit cards, and more. In this article, we’ll focus on their checking and savings products.
Savings
Happen LevelUp High-Yield Savings accounts earn up to 4.40% APY. Like Rewards Checking, High-Yield Savings requires $100 to open and does not have a monthly fee.
You get six pre-authorized transactions per statement period. A free ATM card is also available.
See how they compare to the top high yield savings accounts here.
Bank Name | APY | Get Started |
|---|---|---|
 | At Western Alliance Bank, Member FDIC | |
 | At AXOS Bank, Member FDIC | |
 | At CIT Bank, Member FDIC |
Bank Name | APY |
|---|---|
At Western Alliance Bank, Member FDIC | |
At AXOS Bank, Member FDIC | |
At CIT Bank, Member FDIC |
CDs
Happen Banking offers several CDs with terms ranging from three months to five years.
All of their CDs require a $2,500 minimum to open. Those numbers also coincide with the minimum balance required to earn the listed APY.
See how they compare to the best bank CDs here.
Business Checking
Happen offers one of the best online business checking accounts - the Tailored Checking Account. This account requires a $500 minimum balance to have the $10 monthly maintenance fee waived. You must have at least $100 to open an account.
Plus, you'll earn 1.00% APY on balances up to $99,999.99 and 0.10% APY on account balances after that. That makes it competitive with even the best business savings accounts.
You also get a cash-back debit card with Tailored Checking. You earn unlimited 1% cash back on all purchases.
How Does Happen Banking Compare?
Happen is one of the most well-rounded online banks that you'll find today. It's unusual to find so many excellent personal and business banking products available under one (online) roof.
That said, a few other banks can compete with Happen. The table below shows how it compares to two other top online banking options.
Header |  |  |  |
|---|---|---|---|
Rating | |||
Top Savings APY | 4.00% | 3.65% | 0.61% |
Interest-Earning Checking | |||
Cashback Checking | |||
Business Checking | |||
Business Savings | |||
Cell |
Are There Any Fees?
While there are no monthly fees, the accounts do have service charges. Here are a few of the more common fees:
- There is a Daily OD (overdraft) fee of $5 per day for all accounts, other than Rewards Checking, that remain negative after an overdraft. The fee starts on the 5th day of the month after an overdraft.
- If you don’t use your checking account for 12 months, you’ll incur a $5/month Dormant Service Charge.
- Stop Payment is $25.
- Domestic wires are $10 incoming and $20 outgoing
Happen Banking allows you to link up to three accounts to pull funds from in the case of an overdraft. You can also apply for an overdraft line of credit.
The overdraft feature is not enabled automatically. You must fill out a PDF form and send it to Happen before the feature is available to you. Note that if an overdraft pulls from your savings account and causes its balance to fall below zero, the savings account can incur a maintenance fee.
How Do I Open an Account?
You can visit the Happen website to open an account online.
Is My Money Safe?
Yes — Happen Banking uses 256-bit encryption and is FDIC-insured.
Contact
Happen provides daily customer service support to its banking customers via phone, live, chat, or secure message. Its customer service hours are Mon–Fri: 8:30 AM-12:00 AM (ET) and Sat–Sun: 8:00 AM–8:00 PM (ET).
To get in touch with Happen by phone, you'll call 800-434-0330. You can visit this page to send a message. Happen has a remarkable 4.8/5 rating on Trustpilot our of over 2,000 reviews and is rated A- by the Better Business Bureau (BBB).
Happen Bank's headquarters are located at the following address:
88 Kearny Street, Suite 600
San Francisco, CA
94108
Is It Worth It?
Happen Banking offers a large suite of financial products for a near purely online bank. It offers some of the best free online checking accounts, and its savings account rates are competitive. But if you're looking for a bank that offers in-person support at local branches, you’ll want to look elsewhere.
Common Questions
Let's answer a few of the most common questions that we hear about Happen Banking.
Does Happen Banking support cash deposits?
Yes, customers can deposit cash at any Happen Bank ATM, MoneyPass, or NYCE® Shared Deposit Program ATM.
Does Happen Banking work with mobile wallets?
Yes, debit cards can be loaded on to Apple Pay®, Google Pay™, and Samsung Pay®.
Are there any credit cards offered by Happen Banking?
Yes, the company offers one credit card, but it's only available to business owners.
Does Happen Banking give bonuses to new customers?
No, Happen is not currently offering cash bonuses on any of its banking products.
Happen Banking Review
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Interest Rates
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Fees and Charges
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Customer Service
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Ease of Use
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Tools and Resources
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Products and Services
Overall
Summary
Happen Bank is a full-service online bank that offers competitive personal and business products.
Pros
- Free interest-bearing checking account
- Mobile-first banking
- Unlimited ATM fee rebates
Cons
- CD rates are mediocre
- $2,500 balance required to earn interest on checking or to receive the highest APY on savings
Editor: Clint Proctor Reviewed by: Chris Muller
Robert Farrington is the founder of The College Investor and is widely recognized as one of the nation’s leading voices on student loan debt and saving for college. He holds an MBA from UC San Diego Rady School of Management and has spent over 15 years researching, writing, and advising on student loans, 529 plans, financial aid programs, and saving and investing for young professionals.
Robert has been featured in the The New York Times, The Wall Street Journal, The Washington Post, NBC News, and Forbes, where he has been a regular personal finance contributor for over a decade. His work combines both professional expertise and personal experience – he successfully navigated his own student loan repayment journey and has helped thousands of readers do the same.
He is committed to making the intersection of personal finance and education transparent and accessible. You can learn more about Robert on the About Page or on his personal site RobertFarrington.com.