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  Kabbage Checking

Best Of Product

Kabbage Checking
in Checking Accounts from Kabbage
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Kabbage Checking

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U.S. Bank Smartly™ Checking
U.S. Bank Smartly™ Checking

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10 reviews
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Highlights
Cashback Rewards N/A
APY (Annual Percentage Yield) Up to 1.10%
Monthly Fee $0
Minimum Balance to Avoid Monthly Fee N/A

Kabbage Checking Review

Kabbage Checking is offered by Kabbage, a direct lender founded in 2008 and based in Atlanta, GA. Kabbage Checking are available in 50 states (and Washington, DC).

Key Takeaways

  • Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 1.10%, which is much higher than the average for a checking account.
  • $0 monthly fee. This account does not charge any monthly account fees.
  • No minimum initial deposit. There is no minimum balance required to open an account online.
  • No ATM fees. Kabbage Checking does not charge fees on ATM transactions.
  • ATM fee rebates. This account will reimburse you for ATM fees (see terms and conditions for details).
  • Bill pay. Pay your bills to practically anyone in the United States through Kabbage.

Kabbage checking Pros & Cons

Pros Cons
  • Available in all 50 states.
  • High variable APY.
  • Access to physical branches.
  • Free debit card and the option to lock/unlock the card if lost or stolen
  • No signup bonus.
  • Higher than average wire transfer fees.

Kabbage checking FAQ

Are checking accounts from Kabbage federally insured?

Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does Kabbage checking offer?

Kabbage does not provide interest rate information until a customer applies for a new account.

What are the account minimums for Kabbage checking?

Kabbage checking does not require a minimum initial deposit.

Kabbage Checking Minimums
Description
Minimum Opening Deposit $0

What fees does Kabbage checking charge?

The good news is that this account does not have a monthly Service Charge.

Kabbage Checking Fees
Description
Monthly Fee $0
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $0
Foreign Transaction Fee (Debit Card) 3%
Wire Transfer Fee - Domestic (Outgoing) $25
Online Bill Pay Fee $0
Debit Card Replacement Fee $0
Early Account Closure $0

What features and perks does Kabbage checking offer?

This account includes the following features:

  • ATM rebates - This account will reimburse you for any domestic ATM fees.
  • Check images with statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks.
  • Fraud monitoring - Kabbage checking monitors transactions for potentially unauthorized activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Kabbage checking allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.

What is the customer support email for Kabbage checking?

The customer support email for Kabbage checking is support@kabbage.com.

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Message From Kabbage checking

We recently interviewed Kathryn Petralia, President and Co-Founder of Kabbage, and this is what she had to say about Kabbage Checking.

Kabbage Checking is the first checking account offered by American Express and is now available for any eligible U.S. small business to apply for and open an account. It’s also the first of several new digital cash-flow products to come from American Express which continue to push it well beyond a Card company.

What are the top three features of Kabbage Checking for small business owners?

The top three features our customers appreciate most are the 1.1% APY on balances up to $100,000, convenient deposit options, including mobile check deposits and cash deposits at over 90K participating retailers nationwide—many of which have longer operating hours than bank branches—and Reserves, which allows customers to set aside funds to save towards business goals or taxes. But we’re also glad to offer no monthly fees, no maintenance fees, no minimum balance requirements, free in-network ATM access, debit cards, checks, bill pay and easy account management all in the Kabbage app!

Why should a small business owner choose Kabbage Checking over a traditional business checking account with a brick-and-mortar bank?

Kabbage Checking is designed to give small businesses the benefits of both mobile and traditional banking. With in-app account management, mobile check deposits, and the Reserves feature, small businesses get the flexibility they need, while in-person cash deposits and free in-network ATM access give conveniences they’d expect. Adding to the fact there are no monthly fees, no maintenance fees and we offer a 1.1% APY on balances up to $100,000, a small business would be hard pressed to find the same benefits from a traditional bank.

Are there any new services or features in the pipeline for Kabbage?

In June, we began offering Kabbage Funding to existing small business customers, providing flexible lines of credit between $1,000 and $150,000. Together, the products are the first of several new cash-flow management products that use real-time data and automation to give customers a digital tool kit to help run and grow their companies.

Contact

Hours of Operation

  • Sunday All Day
  • Monday All Day
  • Tuesday All Day
  • Wednesday All Day
  • Thursday All Day
  • Friday All Day
  • Saturday All Day

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Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Minimum Opening Deposit $0
Monthly Fee $0
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $0
Foreign Transaction Fee (Debit Card) 3%
Wire Transfer Fee - Domestic (Outgoing) $25
Online Bill Pay Fee $0
Debit Card Replacement Fee $0
Early Account Closure $0
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Government Issued Photo ID
  • Social Security Number
Account Features
  • No ATM Fees
  • Free Bill Pay
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • ATM Reimbursement
  • Nationwide ATM Network
  • Check Images with Statement
  • Mobile Banking
  • Fraud Monitoring
  • Debit Card Lock/Unlock
  • Fraud Protection
  • Debit Card
  • Branch Access
  • Member FDIC
APY (Annual Percentage Yield) Up to 1.10%

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