☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Feb 5, 2021 6:58:06 AM

Does the Credit Karma Money Spend option have any fees or special requirements?

It doesn't explain exactly how this works.

0 2 3066
2 Best answers
Level 15
Feb 5, 2021 8:02:18 AM

See the following:

 

We never charge fees

(

5)

Credit Karma Money™ Spend is 100% free to open with no hidden fees or penalties. Enjoy no minimum balance requirements, no overdraft fees, and free withdrawals from a network of over 55,000 Allpoint® 

ATMs (6)

https://www.creditkarma.com/checking

Level 15
Feb 5, 2021 8:04:14 AM

Also, see the following:

  • Banking services provided by MVB Bank, Inc., Member FDIC. Maximum balance and transfer limits apply per account.
  • 1NO PURCHASE NECESSARY. Exclusions apply. Click here for Instant Karma for purchases sweepstakes rules.
  • 2NO PURCHASE NECESSARY. Exclusions apply. Click here for Instant Karma for saving sweepstakes rules.
  • 3Maximum 6 withdrawals per monthly savings statement cycle.
  • 4Credit Karma Visa® Debit Card issued by MVB Bank, Inc., Member FDIC, pursuant to a license from Visa U.S.A. Inc. Visa terms and conditions apply.
  • 5Third-party fees may apply. Please see Account Terms & Disclosures for more information.
  • 6Fees may apply for ATM transactions outside this network.
  • 7Early access to paycheck is compared to standard payroll electronic deposit and is dependent on and subject to payor submitting payroll information to the bank before release date. Payor may not submit paycheck early.
  • 8The balance in your savings account may be moved to one or more network banks where it is eligible for FDIC insurance up to $5,000,000 once the funds arrive at a network bank. Actual insured amounts may be lower or adversely affected based on any balances you hold at a network bank. Learn more at: https://www.fdic.gov/deposit/deposits.

2 Replies
Level 15
Feb 5, 2021 8:02:18 AM

See the following:

 

We never charge fees

(

5)

Credit Karma Money™ Spend is 100% free to open with no hidden fees or penalties. Enjoy no minimum balance requirements, no overdraft fees, and free withdrawals from a network of over 55,000 Allpoint® 

ATMs (6)

https://www.creditkarma.com/checking

Level 15
Feb 5, 2021 8:04:14 AM

Also, see the following:

  • Banking services provided by MVB Bank, Inc., Member FDIC. Maximum balance and transfer limits apply per account.
  • 1NO PURCHASE NECESSARY. Exclusions apply. Click here for Instant Karma for purchases sweepstakes rules.
  • 2NO PURCHASE NECESSARY. Exclusions apply. Click here for Instant Karma for saving sweepstakes rules.
  • 3Maximum 6 withdrawals per monthly savings statement cycle.
  • 4Credit Karma Visa® Debit Card issued by MVB Bank, Inc., Member FDIC, pursuant to a license from Visa U.S.A. Inc. Visa terms and conditions apply.
  • 5Third-party fees may apply. Please see Account Terms & Disclosures for more information.
  • 6Fees may apply for ATM transactions outside this network.
  • 7Early access to paycheck is compared to standard payroll electronic deposit and is dependent on and subject to payor submitting payroll information to the bank before release date. Payor may not submit paycheck early.
  • 8The balance in your savings account may be moved to one or more network banks where it is eligible for FDIC insurance up to $5,000,000 once the funds arrive at a network bank. Actual insured amounts may be lower or adversely affected based on any balances you hold at a network bank. Learn more at: https://www.fdic.gov/deposit/deposits.