Happen Bank logoLC Logo

What is Happen Bank and what do we do?

less than a minute read

Happen Bank is the only full-spectrum financial technology (fintech) marketplace bank and the first public US neobank. We offer consumer and commercial loan products for every credit bracket and a full suite of deposit products designed to help you keep more of the money you earn and earn more on what you keep.

We're transforming the banking industry to make it more transparent, efficient, and customer-friendly. For more details, read about Happen Bank’s acquisition of Radius Bank.

How Happen Bank is regulated

All loans are made by Happen Bank, N.A., which operates under federal banking law. Happen Bank is FDIC-insured and is subject to consumer lending regulations, including the Truth in Lending Act, the Equal Credit Opportunity Act, and the Fair Credit Reporting Act.

No application or broker fees

Applying for a Happen Bank loan is absolutely free, and no loan broker or other service is authorized to charge a fee on our behalf. We'll never ask you to pay any type of up-front application fee or other advance payment to apply for a loan.

If someone else asks you for a broker or application fee, please call 888-596-3157 so we can investigate. We’re here Monday – Friday from 5 am – 5 pm, and Saturday from 8 am – 5 pm Pacific Time.

Depending on the type of loan you want, you may pay a fee when your loan is issued. See the articles below to learn more about rates and fees.

Why you pay lower rates

When you apply for a Happen Bank loan, you benefit from an efficient, streamlined process that reduces administrative costs. We pass these savings on to you in the form of a lower annual percentage rate (APR) than the average credit card1 and a faster turnaround time on your loan.

Happen Bank Resources

Related Articles
5 factors that may affect personal loan approval
Getting approved for a personal loan depends on more than just your credit score. Lenders look at your full financial picture—income, existing debt, application accuracy, and the amount you're requesting. Understanding these factors can help consumers better understand what lenders may consider when evaluating an application.
Personal Loan
Aug 31, 2026
4 min read
Personal Loan Market Hero Image
How to consolidate debt without hurting your credit score
When people worry about debt consolidation hurting their credit, they’re usually thinking about how a loan application affects their credit score. What may negatively affect a credit score is a missed payment, a closed account that shortens your credit history, or new spending on the cards you just paid off.
Personal Finance
Aug 31, 2026
4 min read
rc debtconsolidation hero
Fixed vs. variable rate personal loans: which is right for you in 2026?
When you consider taking out a personal loan, there are two ways in which your rate can be structured. The choice affects not just your monthly payment, but the total cost of borrowing over the full term, particularly if your loan runs several years.
Personal Loan
Aug 31, 2026
4 min read
interest-rates and fees header latest
5 reasons why loan applications are delayed and how to address them
Most people who experience a loan delay don't see it coming. The process feels straightforward—fill in the details, upload the documents, wait for approval. In most cases, it indeed is. But small gaps in an application can pause things at any stage, and the fixes are simpler than most people expect.
Personal Loan
Aug 31, 2026
4 min read
interest-rates and fees header latest
Debt-to-income ratio: what it is and how to improve yours before applying
Your DTI ratio changes when your debts change, when your income changes, or both. There are concrete steps you can take before you apply that can move it in the right direction. In this article, we cover what the metric is, what the generally accepted thresholds look like, and how to lower it. 
Personal Finance
Aug 31, 2026
4 min read
What Is Debt-to-Income Ratio? (+ How to Improve It)
Related Impact
It's Official—Radius Joins Happen Bank!
Today, we are thrilled to announce the completion of our acquisition of Radius Bancorp, Inc. (“Radius”). In February 2020, we announced our intent to acquire Radius and shared how we can grow and deepen our customer relationships with a marketplace bank.
Company News
Jan 30, 2021
2 min read
Radius Officially Joins LendingClub
Related FAQ's
What is phishing?
Phishing is an attempt to steal your personal and financial information, perpetrated by bad actors posing as a trusted company or individual, to lure you into clicking a malicious link or providing sensitive information over the phone.
General FAQ
Feb 18, 2026
2 min read
Privacy and Security
We take the privacy and security of our members, investors, and partners seriously. Here are some answers to frequently asked questions about Happen Bank’s privacy policies.
General FAQ
Jun 7, 2023
2 min read
When and why did Happen Bank acquire Radius Bank?
On February 1, 2021, Happen Bank, N.A., closed the acquisition of Radius Bancorp and its wholly-owned subsidiary, Radius Bank, becoming the only full-spectrum financial technology (fintech) marketplace bank and the first public U.S. neobank.
General FAQ
Jun 7, 2023
2 min read
How do I manage my loan account?
You can view and manage most of your account information by signing in on the web or using the Happen Bank mobile app, including your password, phone number, physical address, loan documents, payment methods, and two-factor authentication settings.
Personal Loan FAQ
Aug 12, 2026
6 min read
How Do I Send a Domestic and International Wire? Are There Fees or Limits?
Personal Banking Customers: Our Elite and Reserve Tier customers can place a wire via Online banking or the Happen Bank Mobile app. For all other customers, they can reach out to Customer Service at 800.242.0272 to initiate a wire. 
Checking Accounts FAQ
Jul 13, 2026
less than a minute read
Related Glossary
Revolving Credit
{noun} A type of credit that allows the borrower to make charges and payments against a set borrowing limit, paying interest only on outstanding balances.
R Letter Term
Sep 6, 2023
4 min read
Accrued Interest
{noun} The amount of unpaid interest that has accumulated as of a specific date, either on a loan or an interest-bearing account or investment. 
A Letter Term
Mar 21, 2023
4 min read
Annual Percentage Rate (APR)
{noun} The total annual cost to borrow money, including fees, expressed as a percentage.
A Letter Term
Mar 21, 2023
3 min read
Charge-Off
A debt that is written off as a loss because the financial institution or creditor believes it is no longer collectible due to a substantial period of nonpayment.
C Letter Term
Feb 7, 2023
3 min read
Fixed Interest Rate
{noun} An interest rate that remains the same for a set time, usually for the life of the loan.
F Letter Term
Feb 4, 2023
3 min read
4.8QR Code7K+ App Store Reviews
Apple App Store IconGoogle Play Store Icon
iPhone 14 Pro Perspective Mockup copy 1
new lc logo

88 Kearny Street, Suite 600
San Francisco, CA 94108

  • 1Between April 2026 and June 2026, on average, the APR for a Happen Personal Loan was 18.40% with an origination fee of 6% and a principal amount of $15,262 for loans with term lengths of 36 months, based on current credit criteria and an analysis of historical borrower data. Between January 2026 and March 2026, the average APR for credit cards was 21.00%, according to publicly available information published by Federal Reserve Federal Reserve Board - Consumer Credit - G.19 If a borrower pays off a credit card balance of $14,346 with an APR of 21.00% over 36 equal monthly payments, the borrower will pay $5,112 in total finance charges. If the borrower obtains a Personal Loan with a term of 36 months and an amount financed of $14,346 (principal amount of $15,262 with an origination fee of $916 )at 18.40% APR, the borrower’s monthly payment will be $522 and the borrower will pay $4,429 in total finance charges over the term of the loan, a savings of $682 as compared to the average credit card finance charges over the same 36-month term for Happen Personal Loan borrowers with average credit scores.


For Personal Loans, APR ranges from 5.96% APR to 35.96% APR and origination/processing fee ranges from 0.00% to 8.00% of the loan amount. APRs and origination/processing fees are determined at the time of application. The lowest APR may be available to borrowers with excellent credit, subject to additional factors including, but not limited to, loan amount, loan term, and sufficient investor commitment. Advertised rates and fees are valid as of July 06, 2026, are subject to change without notice, and may not be available for all Personal Loan products and/or through all application channels or platforms.

A representative example of payment terms for a Personal Loan is as follows: a borrower receives a loan of $15,262 for a term of 36 months, with an interest rate of 13.99% and a 6% origination fee of $916, for an APR of 18.40%. In this example, the borrower will receive $14,346 and will make 36 monthly payments of $522. Loan amounts range from $1,000 to $75,000 and loan term lengths range from 24 months to 84 months. Some amounts, rates, and term lengths may be unavailable in certain states, and may not be available for all Personal Loan products and/or through all application channels or platforms.

Credit eligibility is not guaranteed. APR and other credit terms depend upon credit score and other key financing characteristics, including but not limited to the amount financed, loan term length, and credit usage and history.

Unless otherwise specified, all credit and deposit products are provided by Happen Bank, N.A., Member FDIC, Equal Housing Lender (“Happen Bank”), a wholly-owned subsidiary of Happen, Inc., NMLS ID 167439. Credit products are subject to credit approval and may be subject to sufficient investor commitment. Credit union membership may be required. Deposit products are subject to approval, which may include credit approval. 

Our mailing address is: Happen Bank, N.A., 88 Kearny Street, Suite 600, San Francisco, CA 94108. 

“Happen” and the “H” symbol are trademarks of Happen Bank.

© 2026 Happen Bank. All rights reserved.

Equal Housing LenderMember FDIC