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.
expiredskeleton516 posted Oct 25, 2021 05:36 AM
Item 1 of 1
expiredskeleton516 posted Oct 25, 2021 05:36 AM
New Kabbage Checking Accounts: Complete 5 Debit Card Purchases & Earn
(Within 45 Days of Acct. Opening)$300 Cash Deposit
Kabbage
Visit KabbageGood Deal
Bad Deal
Save
Share
Leave a Comment
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.
515 Comments
Sign up for a Slickdeals account to remove this ad.
Will make 5 bogus debit transactions and close account after 90 days. Thanks !
business type: recreational or something like that
You may skip linking your personal checking account to Kabbage for the sake of privacy.
The other ways of funding your Kabbage account is through Paypal / Xoom. When you are logged into Paypal, you can select on "Pay & Get Paid", then select "send to a bank account", then select a debit card option and enter your Kabbage debit card. I tried this with my temporary debit card but did not work so I ended up using Paypal/Xoom to transfer money to my Kabbage checking through my bank account which charged me a fee of 50 cent.
You may skip linking your personal checking account to Kabbage for the sake of privacy.
The other ways of funding your Kabbage account is through Paypal / Xoom. When you are logged into Paypal, you can select on "Pay & Get Paid", then select "send to a bank account", then select a debit card option and enter your Kabbage debit card. I tried this with my temporary debit card but did not work so I ended up using Paypal/Xoom to transfer money to my Kabbage checking through my bank account which charged me a fee of 50 cent.
Sign up for a Slickdeals account to remove this ad.
Sign up for a Slickdeals account to remove this ad.
How do I open a Kabbage Checking account?
Click here to apply to open an account. We will ask you to provide basic information about your business.
Leave a Comment