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.
***
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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Could I just buy 5 separate Amazon gift card top ups in separate transactions? Any reason why that shouldn't work?
Cut and paste the following URL into your web browser:
"https://www.kabbage.com/checking/"
Note: The SlickDeals interface seems to be messing with hot links posted in this discussion thread. Pretty much every link associated with Kabbage.com is redirected to the deal webpage.
https://www.trustpilot.com/review...eendot.com [trustpilot.com]
FU(KING RUN.
…
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.
...
I, too, trust American Express. However, some of the recent SD experiences with Kabbage (even under the parentage of American Express!) leave me skeptical. Also, the seemingly random nature of their application approval process under the current deal does nothing to reassure me about the present state of their business practices.
I did an initial funding of $100, with plans of maxing out the account at $100K. However, with all the negative reports, I think I'll just keep the original $100 already in the account. My T-Mobile checking gives me 1%, I'll leave the $100K parked there. For an additional 0.1%, it doesn't seem to be worth the risk.
Note: To preempt information mining, I had done the funds transfer process through an intermediate bank as suggested by SomeoneFromEarth. So, I'm covered in that respect.
P.S. I had second thoughts about the security of my intermediate bank. I have subsequently changed its password to preempt Kabbage from accessing the account.
Could I just buy 5 separate Amazon gift card top ups in separate transactions? Any reason why that shouldn't work?
I, too, trust American Express. However, some of the recent SD experiences with Kabbage (even under the parentage of American Express!) leave me skeptical. Also, the seemingly random nature of their application approval process under the current deal does nothing to reassure me about the present state of their business practices.
I did an initial funding of $100, with plans of maxing out the account at $100K. However, with all the negative reports, I think I'll just keep the original $100 already in the account. My T-Mobile checking gives me 1%, I'll leave the $100K parked there. For an additional 0.1%, it doesn't seem to be worth the risk.
Note: To preempt information mining, I had done the funds transfer process through an intermediate bank as suggested by SomeoneFromEarth. So, I'm covered in that respect.
1) Confirmed banner at top.
2) Used Standard application process (not via the Amex route even though I have an Amex Business card).
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I, too, trust American Express. However, some of the recent SD experiences with Kabbage (even under the parentage of American Express!) leave me skeptical. Also, the seemingly random nature of their application approval process under the current deal does nothing to reassure me about the present state of their business practices.
I did an initial funding of $100, with plans of maxing out the account at $100K. However, with all the negative reports, I think I'll just keep the original $100 already in the account. My T-Mobile checking gives me 1%, I'll leave the $100K parked there. For an additional 0.1%, it doesn't seem to be worth the risk.
Note: To preempt information mining, I had done the funds transfer process through an intermediate bank as suggested by SomeoneFromEarth. So, I'm covered in that respect.
https://slickdeals.net/e/12374914-t-mobile-money-1-00-on-all-balances-to-4-00-apy-on-3k-balance#comment
(The difference being that in 2018, there were better interest rates being offered elsewhere. Now, 1% is hard to come by.)
Current link to T-Mobile Money:
https://www.t-mobilemoney.com/en/home.html?
Note: 4% interest rate only applies to existing T-Mobile customers AND only to the first $3,000 in deposits. You do not need to be a T-Mobile customer to sign up for this account. (For example, I am Cricket Wireless customer and still signed up.)
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.
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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