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
- Apply and be approved for a Kabbage Checking Account
- Note, account must be opened between October 1-December 15, 2021
- 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
- Your Kabbage Checking account must be open and in good standing at the time of fulfillment
- 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 
Top Comments
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.
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515 Comments
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That paper check "feature" is a problem. They need to rectify that.
.
My previous checking account at Ally was only getting .25% and the Ally high yield savings account was only getting .5% so this has been nice. Granted, Ally used to be 2.2%, so hopefully this stays up there!
Solo Proprietor and the industry is Retailer/Online Retailer.
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I was instantly approved. My business category was Retail (I forget the exact terminology used in the application), sole proprietor, using my SSN to identify my business. Like many others, I buy and sell products on eBay, and that is what I claim as my business. I am not incorporated and have no tax records to back up my claims. So, it's a very loose assertion that I own a business. But I've been using that to claim a business since 2013 and haven't been turned down for a new account yet.
So, why was I approved when others (with legitimate businesses) were not?
Maybe Kabbage liked my FICO scores, 800-plus. Maybe they liked my low credit utilization rate, 2%-3%. Or maybe they just automatically approve anyone that applies under Retail, sole proprietor, and SSN?
https://www.trustpilot.
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https://www.trustpilot.
FU(KING RUN.
I had an Uber debit card/checking account with one of their subsidiaries, GoBank.
Got hit with fraud, someone got my account info & made some unauthorized Venmo purchases (I had never had a Venmo account at the time). Several transactions totaling something like $200. Disputed the charges, and they were found to be valid. Did a 2nd dispute, same thing.
I went as far to google their corporate HQ and call them. Managed to get someone that looked into my issue. He literally called me back and told me that they denied my dispute because VENMO WAS CLOSED. You know, because it's so hard to google a business to find their hours.
Thankfully, he actually called me & got Venmo on the line. Venmo was able to confirm that my account wasn't used to make the purchases (I had obtained a Venmo account using a different checking account in that time) & I didn't even have a Venmo account at the time of the purchases.
This resulted in a conditional credit of the amount lost, which I immediately withdrew from an ATM upon hanging up the phone. Once they approved my dispute, I closed the account and ran screaming.
Never again will I have a GoBank/GreenDot account, and I could never recommend them to anyone. Several "gig" checking accounts (Uber, Amazon Flex, etc) use them.
"Balances up to $100,000 in your Kabbage Checking account, including balances in Reserves, currently earn 1.10% APY. "
This is more than double the current average rate of 0.40% in most interesting earning saving accounts (Ally, etc.).
This alone is worthy to put money into and not to mention the $300.
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