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Edited October 28, 2021
at 08:29 AM
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https://www.kabbage.com/
-Banner up top advertises the promo. Banner click takes you here
https://www.kabbage.com/checking/
-It is a business checking account but you can just use your social and call yourself a sole proprietor.
New accounts can earn a cash deposit of $300
Earn a $300 cash deposit into your Kabbage Checking account after you complete a total of 5 debit card purchases within 45 days of account opening. (You must apply and be approved for an account opened between 10/1/2021 and 12/15/2021. Terms apply. 4
4) This promotion is being offered by American Express Kabbage Inc. ("we", "us" or "our"). The Kabbage Checking account is provided by Green Dot Bank. Green Dot Bank will deposit a $300 cash deposit into your Kabbage Checking account subject to the terms of this offer as stated below. To be eligible to earn the $300 cash deposit, you must 1) apply and be approved for a Kabbage Checking account opened between October 1, 2021 and December 15, 2021 at 11:59 p.m. ET, and 2) successfully complete 5 debit and/or virtual card purchases within 45 calendar days of the opening of your Kabbage Checking account. Only transactions that clear within 45 calendar days of Kabbage Checking account opening will qualify. Transactions that do not clear within this 45-day period will not qualify. To receive the $300 cash deposit from Green Dot Bank, 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, the $300 cash deposit will be deposited into your Kabbage Checking account between 45 to 90 calendar days from the date your Kabbage Checking account was opened. Limit one offer per new Kabbage Checking account. This offer (i) is not available to existing Kabbage Checking customers, (ii) is non- transferable, and (iii) cannot be combined with any other offer. If we determine in our sole discretion that you have engaged in abuse, misuse, fraudulent activity, or gaming in connection with the offer in any way or that you intend to do so, you may not receive the $300 cash deposit. We may also cancel this Kabbage Checking account and other accounts you may have with us. The $300 cash deposit may be taxable income to you and may be reported on IRS Form 1099. You are responsible for any federal or state taxes resulting from the $300 cash deposit. Please consult your tax advisor if you have questions about the tax treatment of the $300 cash deposit. We reserve the right to modify or revoke this offer at any time. If you have any questions regarding this offer, please call 888-986-8263.
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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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Their FAQ says: "To be eligible to enroll in mobile deposits, you will need to first make an ACH deposit into your Kabbage Checking account. You will also be subject to additional identify verification procedures upon enrollment."
How much more did they hassle you for the additional identity verification?
That's what I meant. Typo
And it looks like sending them an email is sufficient to close the account?
And it looks like sending them an email is sufficient to close the account?
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Never opened a business checking before, so I'm wondering if the tax paperwork / form is any different.
Update: Got my $300 today, exactly 7 weeks from first 5 transactions.
Update: Got my $300 today, exactly 7 weeks from first 5 transactions.
Took mine less than a month
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5th transaction done: Jan/01/21
No bonus yet.