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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 150,660 Views
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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
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Top Comments

rangerz
988 Posts
427 Reputation
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.
AViciousTurtle
53 Posts
29 Reputation
My kabbages!
yourr8
2277 Posts
282 Reputation
never heard of this, and sounded like a garbage account ...

515 Comments

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Oct 26, 2021
30 Posts
Joined Jun 2017
Oct 26, 2021
deron_b
Oct 26, 2021
30 Posts
Just saw and clicked on a sidebar webpage ad for Kabbage and was directed the Kabbage website which had a blue banner at top that said "Checking account welcome bonus. New accounts can earn $300 cash bonus...." I didn't see this when i signed up earlier I hope this offer was applied.
Oct 26, 2021
452 Posts
Joined Nov 2015
Oct 26, 2021
phairest
Oct 26, 2021
452 Posts
Quote from 1dash1 :
Reading through all the reports of rejected applications makes me wonder what criteria Kabbage uses to screen new accounts. It doesn't seem that they are using lack of documentation as a basis, not when so many applicants have provided them with the information requested. Nor does it seem that holding an AmEx business credit card gives you an automatic ticket to approval.

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?
FWIW I also have high credit and low utilization but was denied- I entered sole prop with category 'transportation.' I'll try again tomorrow and see if retail category works.
Oct 26, 2021
19,051 Posts
Joined Sep 2003
Oct 26, 2021
beowulf7
Oct 26, 2021
19,051 Posts

Our community has rated this post as helpful. If you agree, why not thank beowulf7

Interesting that there's no minimum deposit required. In theory $6 with five $1 debit transactions at Dollar Tree would suffice (adding the extra dollar to account for tax).
1
Oct 26, 2021
88 Posts
Joined Feb 2009
Oct 26, 2021
bullonwallst
Oct 26, 2021
88 Posts
Didn't work for me either. I also put in my ebay ID and did it under Sole Proprietor and didn't work. I also have an American Express account so not sure why it didn't work?
Oct 26, 2021
88 Posts
Joined Feb 2009
Oct 26, 2021
bullonwallst
Oct 26, 2021
88 Posts
Quote from phairest :
FWIW I also have high credit and low utilization but was denied- I entered sole prop with category 'transportation.' I'll try again tomorrow and see if retail category works.
Likewise here! I have 830 credit, less than 1% monthly on total credit utilization, and an American express account. Very strange
Oct 26, 2021
288 Posts
Joined Feb 2015
Oct 26, 2021
Ohdang
Oct 26, 2021
288 Posts
After reading the thread I signed up as a sole proprietor and selected retail as my business. After entering all of my info I was instantly approved. Linked my Capital One 360 checking account and deposited $50. So far so good.
Oct 26, 2021
14 Posts
Joined Mar 2019
Oct 26, 2021
Armando2828
Oct 26, 2021
14 Posts
All signed up, the promotion is on the front page of the website. Says 5-7 business days for the card to come in. I will use it 5 separate times when I get it and hopefully I get the $300 bonus.. I'll keep you all posted..

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Oct 26, 2021
34 Posts
Joined Dec 2014
Oct 26, 2021
MikeL7821
Oct 26, 2021
34 Posts
Quote from yourr8 :
never heard of this, and sounded like a garbage account ...
Yes, it is indeed garbage bank. I received the invitation few months ago, was lured by the $300 bonus and opened the account. But received tons of frustration after the account opening. These guys really give you trouble and make it extremely difficult to do business with them. They would hold your money after you set up ACH and transfer the money in. Even though the link account has been verified during the set up (through Plaid link on their website), they insisted I have to provide them all my other bank's statements and my drive license. Otherwise they would not post the fund to my account. I told them to cancel my account and return the money to the sourcing bank, they wouldn't do it either. In terms of the bonus, I have completed the requirements (5+ debit transactions) already. It has been 45 days now, still see no sign of the bonus.
Oct 27, 2021
947 Posts
Joined May 2004
Oct 27, 2021
Bunduckie
Oct 27, 2021
947 Posts
Quote from MikeL7821 :
Yes, it is indeed garbage bank. I received the invitation few months ago, was lured by the $300 bonus and opened the account. But received tons of frustration after the account opening. These guys really give you trouble and make it extremely difficult to do business with them. They would hold your money after you set up ACH and transfer the money in. Even though the link account has been verified during the set up (through Plaid link on their website), they insisted I have to provide them all my other bank's statements and my drive license. Otherwise they would not post the fund to my account. I told them to cancel my account and return the money to the sourcing bank, they wouldn't do it either. In terms of the bonus, I have completed the requirements (5+ debit transactions) already. It has been 45 days now, still see no sign of the bonus.
I will initiate bank transfer from an external account so i don't have potentially deal with this BS. They won't be requiring all this crap since the transfer was initiated by another bank.
Oct 27, 2021
77 Posts
Joined Aug 2011
Oct 27, 2021
BigJobber87
Oct 27, 2021
77 Posts
I was immediately approved as a sole proprietor for retail.
Oct 27, 2021
144 Posts
Joined Jul 2019
Oct 27, 2021
someonefromearth
Oct 27, 2021
144 Posts

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

Finally found the terms of the promo:

This promotion is being offered by American Express Kabbage Inc. ("we", "us" or "our"). The Kabbage Checking account is provided by Green Dot Bank. Green Dot Bank will deposit a $300 cash deposit into your Kabbage Checking account subject to the terms of this offer as stated below. To be eligible to earn the $300 cash deposit, you must 1) apply and be approved for a Kabbage Checking account opened between October 1, 2021 and December 15, 2021 at 11:59 p.m. ET, and 2) successfully complete 5 debit and/or virtual card purchases within 45 calendar days of the opening of your Kabbage Checking account. Only transactions that clear within 45 calendar days of Kabbage Checking account opening will qualify. Transactions that do not clear within this 45-day period will not qualify. To receive the $300 cash deposit from Green Dot Bank, 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, the $300 cash deposit will be deposited into your Kabbage Checking account between 45 to 90 calendar days from the date your Kabbage Checking account was opened. Limit one offer per new Kabbage Checking account. This offer (i) is not available to existing Kabbage Checking customers, (ii) is non- transferable, and (iii) cannot be combined with any other offer. If we determine in our sole discretion that you have engaged in abuse, misuse, fraudulent activity, or gaming in connection with the offer in any way or that you intend to do so, you may not receive the $300 cash deposit. We may also cancel this Kabbage Checking account and other accounts you may have with us. The $300 cash deposit may be taxable income to you and may be reported on IRS Form 1099. You are responsible for any federal or state taxes resulting from the $300 cash deposit. Please consult your tax advisor if you have questions about the tax treatment of the $300 cash deposit. We reserve the right to modify or revoke this offer at any time. If you have any questions regarding this offer, please call 888-986-8263.
1
Oct 27, 2021
988 Posts
Joined Jan 2012
Oct 27, 2021
rangerz
Oct 27, 2021
988 Posts

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

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.
Last edited by rangerz October 26, 2021 at 06:25 PM.
6
Oct 27, 2021
144 Posts
Joined Jul 2019
Oct 27, 2021
someonefromearth
Oct 27, 2021
144 Posts
Quote from rangerz :
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.
That sounds like very good advice. Thank You.

However, What I have done to overcome this is that I always maintain a "middleman "checking account to overcome this problem. So in this case:

Your real checking account >> Middleman Checking Account >> Kabbage

And if the middleman checking account can be paired up with something like a Zelle, then you can transfer funds instantly between accounts without having to wire them and incurring a wire charge. This way they can pull as much history as they want and will get almost nothing

Right after I connected my middleman checking account to Kabbage, I got this message from Kabbage saying that "thank you for linking a business service to Kabbage, When we have a full picture of your datasources, we can provide most relevant products and services". This is crazy data collection!!
Oct 27, 2021
8,535 Posts
Joined Nov 2011
Oct 27, 2021
iBoo
Oct 27, 2021
8,535 Posts
Instant approved for kabbage checking. Signed in with AMEX account. Linked a random bank account im churning bonus for to fund the account.

Will make 5 bogus debit transactions and close account after 90 days. Thanks !
1

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Pro
Oct 27, 2021
1,529 Posts
Joined Jun 2013
Oct 27, 2021
boofat
Pro
Oct 27, 2021
1,529 Posts
The feedback on DOC is not very encouraging. https://www.doctorofcredit.com/ka...to-100000/

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