Each month, Lendtable releases Lendtable Cash payouts the business day before the 1st and the 15th directly to your linked bank account. You should see these payouts within 1-3 business days.
Are these payout dates guaranteed?
If you are using our 401(k)+ service and connected your retirement account via Plaid, yes. Our team will be able to verify your contributions and release your payout automatically.
If you have not connected your account via Plaid, you must manually upload a recent paystub (issued within the last 30 days) once a month to release both payouts.
When should I upload my paystub each month?
To guarantee on-time payouts for the entire month, you must upload a valid paystub on or before either the 26th or the 11th.
Prior to these dates each month, you will be prompted to upload a paystub to your dashboard so our team can verify your contributions and release your next payout.
If you do not upload your paystub on time, your payment will be delayed until you do. Once you have uploaded your paystub, you will see your delayed payout on the next pay date.
What happens if I miss an upload deadline?
To guarantee your payout release for the 1st, you must upload a valid paystub by the 25th of the previous month.
To guarantee your payout release for the 15th, you must upload a valid paystub by the 11th of that month.
If you miss one upload deadline, you can upload any time on or before the alternative deadline to receive both payouts on the following payout date.
For example, if you usually upload your paystub on the 26th of each month but miss the deadline, you can still upload your paystub before the 11th and receive both your delayed payout (originally scheduled for the 1st) as well as your regular payout on the 15th.
If you miss two upload deadlines in a row, an administrator will have to work with you directly to release your payouts. If this happens, please contact our team via live chat with details on your situation.
When will I receive my first payout after signing my contract?
Depending on when you complete your onboarding process by signing your contract, you will enter one of two paystub upload and payout schedules.
If you signed your contract before the 25th, you will receive your first payout on the 1st of the following month.
Because each paystub upload is good for two payouts, you will automatically receive the next payout on the 15th. To guarantee on-time payouts for the next month, you must upload your next paystub on or before the next 26th.
If you signed your contract before the 11th, you will receive your first payout on the 15th.
Because each paystub upload is good for two payouts, you will automatically receive the next payout on the 1st of the following month. To guarantee on-time payouts for the next month, you must upload your next paystub on or before the next 11th.
A note on this product update
Previous to February 2022, customers who had not linked their 401(k) accounts via Plaid had received their payouts on a rolling basis. Beginning February 2022, all payouts will be released the business day before the 1st and the 15th each month, and customers will see these payments in their linked bank accounts within one business day. This update was rolled out alongside an update to our policy on manually uploading files to verify contribution to a 401(k) or ESPP account.