Hey Everyone! I've had a LC account now for almost a year and I like it. I use LendingRobot to invest for me and my returns are well above average (according to LC's chart anyway). Unlike my other cash flow producing investments, however, there does not seem to be anyway to have my gains automatically transferred to my bank account. Are there other P2P type platforms that do have some type of mechanism for this or is this typical of this investment class?
None that I've heard of. I don't think they like that 'use case'. They want you to re-invest earnings or transfer money *FROM* your bank account *TO* them to invest more.
Hi Crisemmons,
Our platform
LiquidP2P.com has a investment setting called "Constant Account Value" that will allow you to set an investment amount and receive dividends via a weekly or monthly transfer to your registered Lending Club bank account.
See Reinvesting on
https://liquidp2p.com/how-it-works#Section1.