Available nationwide, you have the opportunity to get 1.10% APY on balances up to $100,000 with a Kabbage Checking Account.
Continue reading below to learn everything about the Kabbage Checking Account for your business.
Table of Contents
About Kabbage
Since October of 2020, Kabbage has become an American Express Company. Customers have access to various checking accounts, methods of loan funding, payment opportunities and additional financial insights.
I’ll review the Kabbage Checking Account below.
Note: Interested in Bank Bonuses? See our favorite banks including HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, BBVA or CIT Bank.
Kabbage Funding $150 Bonus
- What you’ll get: $150
- Where it’s available: Nationwide
- How to earn it:
- Available to any U.S. small business.
- Apply and be approved for a Kabbage Funding line of credit between now and the expiration date at 11:59pm EST.
- Then, verify your designated business bank account on or before the expiration date.
- When it expires: 4/29/2022
(Click to learn more about promotion)
Fine Print
- This offer is provided by Kabbage from American Express,.
- Kabbage Funding™ loans are issued by American Express National Bank (AENB).
- AENB will deposit $150 into the verified business bank account you’ve successfully linked to Kabbage Funding within 30 calendar days from the date the designated business bank account is verified.
- Limit one offer per new Kabbage Funding account.
- This offer (i) is not available to existing Kabbage Funding customers, (ii) is non-transferable, and (iii) cannot be combined with any other offer.
- They reserve the right to modify or revoke this offer at any time.
- You may not receive the offer, if we determine in our sole discretion that your account is not in good standing, has a disconnected bank account, and/or 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.
- They may also cancel your Kabbage Funding account and other accounts you may have with them.
- The offer 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 offer.
- Please consult your tax advisor if you have questions about the tax treatment of the offer.
- They reserve the right to modify or revoke this offer at any time.
Kabbage Checking Account 1.10% Rate
- Account Type: Checking
- Interest Rate: 1.10% APY
- Minimum Balance: None
- Maximum Balance: None listed
- Availability: Nationwide
- Credit Inquiry: Soft pull or Hard Pull?
- Opening Deposit: None required
- Credit Card Funding: Unknown. Let us know.
- Monthly Fee: No monthly service fees
- Early Termination Fee: None listed
(FDIC Insured)
American Express® High Yield Savings Account - You earn a competitive interest rate along with no minimum deposits or monthly fees. Amex High Yield Savings account has been my favorite Hub account for the past 7 years. Using this account to Pull/Push your money is absolutely necessary when you have many accounts. Here's why: *No dollar limitations for ACH transfers - When you find a top bank rate account, you don't want to be limited to just $5K or $10K transfers. Amex Savings will let you transfers as much as you want whether you are pulling or pushing money from and to an external bank account. *1 to 2 business days ACH transfers speed - With top-notch user interface, you get your money to another external account or pull money from another bank account within a day or two. *No loss of interest during transfers - On the day you initiate your transaction on the high yield savings account website, the funds will be reflected in your Current Balance and begin earning interest. Some other features from American Express® High Yield Savings account include Free Wire Transfers, 3 maximum linked accounts, and maximum 6 ACH withdrawals per month. |
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Savings account offers are frequently updated. Find the best nationwide Savings/Money Market rates here, and the best Savings account bonuses here. The Axos Bank and CIT Bank accounts offer great rates available nationwide which I recommend. |
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| PROMOTIONAL LINK | OFFER | REVIEW |
| Discover Bank Online Savings | $200 Bonus + 0.60% APY | Review |
| Aspiration | $150 Bonus + 1.00% APY | Review |
| Axos Business Savings | $200 Bonus + 0.20% APY | Review |
| Quontic Bank High Yield Savings | 1.01% APY | Review |
| Axos Bank High Yield Savings | Up to 0.61% APY | Review |
| CIT Bank Money Market | 0.70% APY + Amazon Prime Offer | Review |
| American Express® High Yield Savings account | 0.65% APY as of 5/25/22 | Review |
Kabbage ACH Capabilities & Limits
| ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
| Push | ? | ? | ? | ? |
| Pull | ? | $6K/day | $50K/mo | ? |
Editor’s Note: Help us with the table above in the comment section if you have experience with their ACH capabilities.
- H/T to Gio Sal for the information.
How to Earn the Kabbage Checking Rate
- Open a Kabbage Checking Account
- Provide all the required details including your contact and relevant basic business information.
- Earn 1.10% APY on aggregate balances of up to $100,000 from your primary Kabbage Checking Account and Reserve Accounts
- The average daily balance method is used to calculate interest.
| Balance | APY |
|---|---|
| <$100,000 | 1.10% APY |
Kabbage (An AmEx Company) $300 Checking Bonus (Expired)
Earn a $300 Checking Bonus
Kabbage is offering a $300 checking bonus when you open a new account and complete a total of 5 debit card purchases within 60 days of account opening.
- Account Type: Checking
- Availability: Nationwide
- Credit Inquiry: Soft pull or Hard Pull?
- ChexSystems: Unknown
- Opening Deposit: None required
- Credit Card Funding: Unknown. Let us know.
- Monthly Fee: No monthly service fees
- Early Termination Fee: None listed
(Expires December 15, 2021)
| If you're looking for more advanced features for a checking account, you may want to compare this offer to the following: Citigold® Checking Account (Up to $1500 Cash Bonus), HSBC Premier Checking ($450 Bonus), Huntington 25 Checking ($300 Bonus), and PNC Bank Virtual Wallet (Up To $400 Bonus). |
How to Earn $300 Bonus
EARN BONUSACCOUNT FEATURESWAIVE THE MONTHLY FEEFINE PRINT
- To be eligible to earn the $300 cash deposit, you must
- 1) Apply and be approved for a Kabbage Checking™ account by 12/15/2021 and
- 2) Successfully complete 5 debit card purchases within 45 calendar days of the opening of your Kabbage Checking account.
- Any balance up to and including $100,000 will earn the 1.10% APY
- No minimum balance requirements
- No monthly maintenance fees
- Free in-network ATM access
- Deposit eligible checks using the Kabbage mobile app
- There are no monthly service fees.
- Kabbage Checking account opening is subject to identity verification and approval by Green Dot Bank.
- This promotion is being offered by Kabbage, an American Express company, (“we”, “us” or “our”). The Kabbage Checking account is provided by Green Dot Bank, and as such, Green Dot Bank will deposit the $300 cash deposit into your account.
- 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 cash deposit. We may also cancel this account and other accounts you may have with us if we determine in our sole discretion that any of the aforementioned behavior has occurred.
- The 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 cash deposit. Please consult your tax advisor if you have questions about the tax treatment of the 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.
Bottom Line
Check out this offer to begin earning this incredible checking account rate! When you utilize Kabbage through a primary and checking account you will earn 1.10% APY on balances up to $100,000! Additionally, enjoy the perks of no minimum balance requirements and no monthly fees.
For more bank offers, see the complete list of Best Bank Rates and the Best Rewards Checking Accounts!
Be sure to check back on this page to view the latest info regarding the Kabbage Checking Account.
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this is a targeted promo only
Hey – just a quick typo under the Kabbage Logo – you have 1.1% on $1,000 whereas in the rest of the doc you have it correctly at $100,000
Thank you for pointing this out, John! It has been corrected.
Kabbage is available for Business Checking ONLY, no personal accounts.
Inbound ACH max … a paltry $6K/day, $50K/mo.
Thank you for the information, Gio Sal!