Warning: you will have to turn over your entire banking transaction history for 365 days +your funding bank balance -- to fund your Kabbage account, unless you're willing to pay $25 fee to wire in a funding deposit.
You will have no way to revoke the feed they have to your bank transactions access once access is granted. Be weary of any "link your bank" services, as they all operate the same way.
expired Posted by skeleton516 • Oct 25, 2021
Oct 25, 2021 5:36 AM
Item 1 of 1
expired Posted by skeleton516 • Oct 25, 2021
Oct 25, 2021 5:36 AM
New Kabbage Checking Accounts: Complete 5 Debit Card Purchases & Earn
(Within 45 Days of Acct. Opening)$300 Cash Deposit
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You should know that Plaid, Yoodle and companies like them scrape your personal bank account information using your username + password, and then they will use that for their own data mining purposes --- in addition to providing the data to the requesting company as part of their service.
- In this case they are obtaining all your bank transactions over 365 Days and your balance to make it available to Green Dot bank.
- they will maintain this access until you change your Funding Bank account password.
The only way to stop Plaid and Yoodle from harvesting your personal and financial information after you've used any "login to verify your bank" services is by changing your Bank password.
NOTE: Plaid/Yoodle etc can gain access to all your banking information, including mortgages, loans, credit cards etc. as they login to your account pretending to be you and scrape data that your bank may present to you on your bank home page. While in this case scope is limited to your transactions over 365 days and balances, other companies may try to extract as much information as possible about your finances, without you knowing.
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Since they have no other funding source option (w/o turning over my entire finances to this no-name bank, or incurring a $25 wire deposit fee) it seems like I'll have to pass on the deal.
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One thing I attempted to do after submitting is to link an account so I could transfer money. However, they wanted login username/password for linked bank as opposed to just using ACH routing and account number. That's a BIG NO. Anyone else find a way to link via ACH?
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Let's see if it deposits $300 after making 5 debit card purchases. Keeping fingers crossed.
One thing I attempted to do after submitting is to link an account so I could transfer money. However, they wanted login username/password for linked bank as opposed to just using ACH routing and account number. That's a BIG NO. Anyone else find a way to link via ACH?
Most Green Dot checking products have long check clearing windows (4-5 business days). ACH pushes $50 minimum. Hope it's worth the signup bonus!
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