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
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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
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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.
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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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And after sending in all my documents a week or so ago (social security card, id photocopy, etc), today they now asked for copy of business license and something else, i forgot what it was now. Forget it
Just keep asking for more and more personal info until you give up. Then the business gets to keep all the info and not have to pay out any bonus. Brilliant business model.
If a business was reputable they'd ask for everything in one request so that you can make a decision whether or not to proceed. But to do it in steps by asking for important personal info first and then following up with additional subsequent fluff requests is quite ingenious.
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Has anybody had any luck?
Has anybody had any luck?
F or get about it
Much easier to push the money in from another bank (can do $72K in one ACH transfer), one which lets you add the Kabbage account with trial deposits instead of Plaid.
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