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
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.
On the front of the envelope was
Kabbage
An American Express Company.
I activated the card and chose my PIN.
Is everybody just using it 5 times to add $1 to your Amazon account?
EDIT: nevermind, I googled kabbage $300 then clicked a random referral link with "Open in incognito" and finally got the blue bar saying $300 bonus.
It was probably my ad blocker blocking the promotion.
I probably know 1000 people pretty well in my life, and can think of maybe 5 that have a business.
I probably know 1000 people pretty well in my life, and can think of maybe 5 that have a business.
2020 Business Statistics: 31.7 million businesses in the United States.
The current population of the United States is 333,585,423 as of Monday, November 1, 2021 based on Worldometer elaboration of the latest United Nations data.
That's one business per 10.5 people.
Sign up for a Slickdeals account to remove this ad.
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.
2020 Business Statistics: 31.7 million businesses in the United States.
The current population of the United States is 333,585,423 as of Monday, November 1, 2021 based on Worldometer elaboration of the latest United Nations data.
That's one business per 10.5 people.
There is no standardized way to get customer information from banks, so customer information is scraped from the banks after Yoodle/Plaid logs in as if they are the customer. You give them authorization to do this in their ToS/Privacy Policy and it's how they work.
Banks did not like this and they've introducing standardized APIs recently to limit the screen scraping behavior.
Two quick articles, you can read up more on how they've operated:
https://www.fintechfutures.com/20...customers/ [fintechfutures.com]
>Plaid just agreed to settle a class-action lawsuit for $58 million...
>In late 2020, Plaid publicly committed to migrating 75% of its data volumes to application programming interfaces, as opposed to screen scraping, by the end of 2021.
https://www.businessinsider.com/p...021-7?op=1 [businessinsider.com]
once they log in, it's not like they're logging out. This doesn't work. See lawsuit, which has prompted them to change their practices, especially as they're going to be absorbed into VISA.
No idea why.
Also made 5 purchases @ Amazon
Thank you for your interest in Kabbage Checking. We need some additional information before we can proceed with our review.
Here's what we need to verify:
Personal Utility Bills (e.g. electric, gas, water)
Marital Status Document
Color Copy of SSN Card or Documentation
Personal Phone Bill
Color copy of your Government Issued ID (Driver's License, Passport, permanent resident card)
Tax Documents
Sign up for a Slickdeals account to remove this ad.
"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.
Leave a Comment