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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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.
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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.
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
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"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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