Slickdeals is community-supported.  We may get paid by brands for deals, including promoted items.
Heads up, this deal has expired. Want to create a deal alert for this item?
expired Posted by skeleton516 • Oct 25, 2021
expired Posted by skeleton516 • Oct 25, 2021

New Kabbage Checking Accounts: Complete 5 Debit Card Purchases & Earn

(Within 45 Days of Acct. Opening)

$300 Cash Deposit

Kabbage
516 Comments 150,230 Views
Visit Kabbage
Good Deal
Save
Share
Deal Details
Kabbage is offering New Kabbage Checking Account Members: Earn a $300 Cash Deposit/Balance into your Kabbage Account after your complete a total of (5) debit card purchases within 45 days of account opening or when following the instructions listed below.

Thanks to community member(s) skeleton516 & bvbootyking for finding this deal
  • Note, offer valid for New Kabbage Checking Accounts only; must apply and be approved for this promotional offer to be active
Deal Instructions
  • To earn the $300 cash deposit into your Kabbage Checking Account
    1. Apply and be approved for a Kabbage Checking Account
      • Note, account must be opened between October 1-December 15, 2021
    2. Successfully complete (5) required Debit and/or virtual card purchases within 45 calendar days of opening your Kabbage Checking account
      • Note, only transactions that clear within 45 calendar days will qualify
    3. Your Kabbage Checking account must be open and in good standing at the time of fulfillment
    4. Once you have completed all the above eligibility requirements, a $300 cash deposit will apply to your Kabbage Checking account
      • Note, please allow up to 45-90 calendar days for this deposit to apply
Kabbage Powered by American Express

Editor's Notes

Written by SlickDealio | Staff
  • Offer valid for New Kabbage Checking's account only; account opening is subject to identity verification and approval by Green Dot Bank
  • The benefits of Kabbage now back w/ the powerful American Express; Kabbage will offer a border set of cash flow management tools to millions of businesses
  • Limit of one offer per new Kabbage Checking account
  • Offer does not apply to existing Kabbage Checking customers, non-transferable and cannot be combined with any other offers
  • For out of network ATMs, the ATM operator may charge a fee
  • Other fees and limits may apply [Details]
  • If you have any questions regarding this offer, please call 1-800-986-8263
  • Offer valid through December 15, 2021 or while promotion last
Additional Note
  • Retailer fees and limits may apply; see FAQs
  • The $300 cash deposit may be taxable income to you and may be reported on your IRS Form 1099
  • Please refer to the forum thread for additional details - Discombobulated

Original Post

Written by skeleton516
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
Kabbage is offering New Kabbage Checking Account Members: Earn a $300 Cash Deposit/Balance into your Kabbage Account after your complete a total of (5) debit card purchases within 45 days of account opening or when following the instructions listed below.

Thanks to community member(s) skeleton516 & bvbootyking for finding this deal
  • Note, offer valid for New Kabbage Checking Accounts only; must apply and be approved for this promotional offer to be active
Deal Instructions
  • To earn the $300 cash deposit into your Kabbage Checking Account
    1. Apply and be approved for a Kabbage Checking Account
      • Note, account must be opened between October 1-December 15, 2021
    2. Successfully complete (5) required Debit and/or virtual card purchases within 45 calendar days of opening your Kabbage Checking account
      • Note, only transactions that clear within 45 calendar days will qualify
    3. Your Kabbage Checking account must be open and in good standing at the time of fulfillment
    4. Once you have completed all the above eligibility requirements, a $300 cash deposit will apply to your Kabbage Checking account
      • Note, please allow up to 45-90 calendar days for this deposit to apply
Kabbage Powered by American Express

Editor's Notes

Written by SlickDealio | Staff
  • Offer valid for New Kabbage Checking's account only; account opening is subject to identity verification and approval by Green Dot Bank
  • The benefits of Kabbage now back w/ the powerful American Express; Kabbage will offer a border set of cash flow management tools to millions of businesses
  • Limit of one offer per new Kabbage Checking account
  • Offer does not apply to existing Kabbage Checking customers, non-transferable and cannot be combined with any other offers
  • For out of network ATMs, the ATM operator may charge a fee
  • Other fees and limits may apply [Details]
  • If you have any questions regarding this offer, please call 1-800-986-8263
  • Offer valid through December 15, 2021 or while promotion last
Additional Note
  • Retailer fees and limits may apply; see FAQs
  • The $300 cash deposit may be taxable income to you and may be reported on your IRS Form 1099
  • Please refer to the forum thread for additional details - Discombobulated

Original Post

Written by skeleton516

Community Voting

Deal Score
+83
Good Deal
Visit Kabbage
Leave a Comment
To participate in the comments, please log in.

Top Comments

anyone that is connecting their account should be aware this firm, like many others, is using Yoodle to verify your bank information.

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.

***

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.
My kabbages!
never heard of this, and sounded like a garbage account ...

516 Comments

Sign up for a Slickdeals account to remove this ad.

Oct 26, 2021
2,203 Posts
Joined Dec 2008
Oct 26, 2021
ZeeOhhSix
Oct 26, 2021
2,203 Posts
Quote from Scooter83 :
Please put "Business Checking Account" in the title, I connected with AMEX and gave my info only to find out I needed a Business to complete the sign up.
have you read this thread? tons of people have no issue doing a sole proprietorship using their own SSN.
Oct 26, 2021
3,236 Posts
Joined Jun 2004
Oct 26, 2021
ieee488
Oct 26, 2021
3,236 Posts
Quote from Scooter83 :
Please put "Business Checking Account" in the title, I connected with AMEX and gave my info only to find out I needed a Business to complete the sign up.
You can just claim to be a sole proprietor.
Side gig making money doing odd jobs or something.
If you are lucky they'll approve your application.
Oct 26, 2021
6,657 Posts
Joined Mar 2004
Oct 26, 2021
practicalme
Oct 26, 2021
6,657 Posts

Our community has rated this post as helpful. If you agree, why not thank practicalme

Quote from ZeeOhhSix :
sorry, but you're wrong. they are both counted as taxable income. many or maybe all bonus programs explicitly even tell you that in their terms and conditions. Will anything happen to you if you don't report it to the IRS? Who knows, but it's income none-the-less.
It's not that black and white. IRS treats rewards with qualifying activities as rebates or discounts on what you purchased. If you get a bonus for just opening an account, nothing else, then yes, it's taxable income. As always, consult your tax advisor for your particular situation.
1
Oct 26, 2021
2,184 Posts
Joined Aug 2014
Oct 26, 2021
Cmurphy16
Oct 26, 2021
2,184 Posts
Quote from isobro :
This account has been a total PIA for me. Needed to literally send them a tax return, they wanted voided checks for other accounts, and wanted to see my articles of incorporation (for a sole proprietorship). My account was also locked and took forever to unlock. Never got $300, and customer service just doesn't seem to respond to requests. Big thread on this over at DOC. This IS NOT worth it: https://www.doctorofcredit.com/ka...to-100000/
I read through that thread, many successfully getting the bonus. Some posters have more requirements than others, possibly because of the type of industry they listed. Reading the thread actually convinced me to jump on the deal.
Oct 26, 2021
1,535 Posts
Joined Nov 2012
Oct 26, 2021
LEGOProBuilder
Oct 26, 2021
1,535 Posts
Looks like they recently launched the Small Business Checking product: https://about.americanexpress.com...fault.aspx
Oct 26, 2021
312 Posts
Joined Jan 2004
Oct 26, 2021
QuasarDJ
Oct 26, 2021
312 Posts
Wells Fargo just notified me that my no-monthly-minimum business checking account of over 30 years (originally opened with Norwest Bank) was discontinuing & being converted to a $25/month with a balance under $10,000. I called & they have no no-feee business checking account options to which to move. I've already mostly finished closing that account (gotta wait a couple of weeks to verify no more deposits will go in) & this pops up! Perfect timing. Thanks OP!!!
Oct 26, 2021
3,236 Posts
Joined Jun 2004
Oct 26, 2021
ieee488
Oct 26, 2021
3,236 Posts
Quote from isobro :
This account has been a total PIA for me. Needed to literally send them a tax return, they wanted voided checks for other accounts, and wanted to see my articles of incorporation (for a sole proprietorship). My account was also locked and took forever to unlock. Never got $300, and customer service just doesn't seem to respond to requests. Big thread on this over at DOC. This IS NOT worth it: https://www.doctorofcredit.com/ka...to-100000/ [doctorofcredit.com]
When I applied a few months ago, that's what they wanted.
I had applied as a LLC.
I stopped and did not provide the documentation.
Eventually Kabbage cancelled my application.

This time I applied as a sole proprietor.
I used a completely different email address than my American Express credit card account.
And this time I was approved "instantly".
No demand about tax returns, etc.
I have funded it with $50, and I am waiting for the debit card.
The 1.1% interest is very nice.

.

Sign up for a Slickdeals account to remove this ad.

Oct 26, 2021
4,915 Posts
Joined Dec 2009
Oct 26, 2021
rdcrds
Oct 26, 2021
4,915 Posts
Is there a min balance without a fee?
Oct 26, 2021
368 Posts
Joined Feb 2009
Oct 26, 2021
xxjeffdoggxx
Oct 26, 2021
368 Posts
Worked great for me, piece of cake. I do have an LLC and a tax ID for my company for anyone wondering.

edit-I've been waiting for almost 40 days for my debit card so it doesn't look like I'll be able to get my $300 since I have 5 days left every time I call I get the runaround they say they'll send a new card and I never get it. my account is open and I transferred money into it but have no way to use the debit card that it says I should have.
Last edited by xxjeffdoggxx December 7, 2021 at 05:20 PM.
Oct 26, 2021
3,236 Posts
Joined Jun 2004
Oct 26, 2021
ieee488
Oct 26, 2021
3,236 Posts
Quote from rdcrds :
Is there a min balance without a fee?
https://www.kabbage.com/business-...g-pricing/
Oct 26, 2021
4,915 Posts
Joined Dec 2009
Oct 26, 2021
rdcrds
Oct 26, 2021
4,915 Posts
Pro
Oct 26, 2021
737 Posts
Joined Jul 2008
Oct 26, 2021
tptiburon
Pro
Oct 26, 2021
737 Posts

Our community has rated this post as helpful. If you agree, why not thank tptiburon

I opened an account 2 months ago as a sole prop. The cust svc isn't the best, but they're working on it. I think there will be a lot of changes with AmEx looking over their shoulder now. I haven't had any issues with money going in or out with direct deposits or CC payments. Tomorrow will be my 2nd month of getting the 1.1% interest so I can confirm that part is legit and they don't plan on lowering it so far, seems to be the highest I have found.

One downside for paper checks is you have to order their checks. No other options, and no customization. The checks are from Deluxe. When the check clears, your transaction history just says "Paper Check Adjustment" and the amount. It doesn't show you the check number, an image, or the recipient, so that's been a recent pain.

Another downside is that they use Green Dot Bank and that isn't accepted everywhere. If you're selling on ebay, ebay won't let you use your Kabbage account for deposits. But it's fine for Amazon, Walmart and Paypal so far.

The $300 offer wasn't available at the time I signed up, so if you can get that it's a nice bonus. Hopefully AmEx will force them to keep improving. But so far so good.
2
Oct 26, 2021
852 Posts
Joined Nov 2015
Oct 26, 2021
EdOz
Oct 26, 2021
852 Posts
"Your business is not currently eligible for a Kabbage Checking™ account
Thank you for your interest. Please check back with us at a later date."

AFTER going thru submitting pages of personal info - best of luck to the rest of you Smilie
Oct 26, 2021
3,236 Posts
Joined Jun 2004
Oct 26, 2021
ieee488
Oct 26, 2021
3,236 Posts
Quote from tptiburon :
I opened an account 2 months ago as a sole prop. The cust svc isn't the best, but they're working on it. I think there will be a lot of changes with AmEx looking over their shoulder now. I haven't had any issues with money going in or out with direct deposits or CC payments. Tomorrow will be my 2nd month of getting the 1.1% interest so I can confirm that part is legit and they don't plan on lowering it so far, seems to be the highest I have found.

One downside for paper checks is you have to order their checks. No other options, and no customization. The checks are from Deluxe. When the check clears, your transaction history just says "Paper Check Adjustment" and the amount. It doesn't show you the check number, an image, or the recipient, so that's been a recent pain.

Another downside is that they use Green Dot Bank and that isn't accepted everywhere. If you're selling on ebay, ebay won't let you use your Kabbage account for deposits. But it's fine for Amazon, Walmart and Paypal so far.

The $300 offer wasn't available at the time I signed up, so if you can get that it's a nice bonus. Hopefully AmEx will force them to keep improving. But so far so good.
The 1.1% interest is really nice if they can keep it up.

That paper check "feature" is a problem. They need to rectify that.

.

Sign up for a Slickdeals account to remove this ad.

Oct 26, 2021
82 Posts
Joined Dec 2012
Oct 26, 2021
jvondiel
Oct 26, 2021
82 Posts
Sign up was easy with existing Amex account I use for business credit card.

Related Searches

Popular Deals

View All

Trending Deals

View All