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What features does a Credit Karma Money Spend account offer?

SOLVEDby TurboTax306Updated February 03, 2022

When filing your taxes with TurboTax, you have the option to receive your federal and state refund via direct deposit with a checking account1 with Credit Karma Money™, also known as a Credit Karma Money™ Spend account.

Here are some of the features.

Credit Karma never charges fees.

No withdrawal fees. No inactivity fees. No annual fees. No overdraft fees.2  Free withdrawals at over 55,000 Allpoint® ATMs worldwide.3 

Early Payday

Get access to your paycheck up to 2 days earlier.4

Instant Karma™ 

You could win reimbursements up to once daily for purchases5 made with your Credit Karma Visa® Debit Card.6

Early Refund

When it’s time to file, have your tax refund direct deposited with Credit Karma Money™, to receive your funds up to 5 days early.7

5-day early program may change or discontinue at any time.

Chance to win $50,000

When you deposit $1 or more of your federal refund into a Spend account.8 No purchase necessary, exclusions apply, see sweepstakes rules.

1 Banking services provided by MVB Bank, Inc., Member FDIC. Maximum balance and transfer limits apply.

2 Third-party fees may apply. Please see Account Terms & Disclosures for more information.

3Fees may apply for ATM transactions outside this network.

4Early 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.

5NO PURCHASE NECESSARY. Sponsored by Credit Karma, LLC. Ends last day of month. Entrants must be at least age of majority & legal resident of 50 US or DC (except FL & NY residents are not eligible). Void where prohibited. To enter, use applicable debit card or enter by mail to Credit Karma, LLC, P.O. Box 937 Pineville, NC 28134-0030. Official Rules at https://www.creditkarma.com/lp/ik 

6Credit 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. 

7If you choose to pay your tax preparation fee with TurboTax using your federal tax refund or if you choose to take the Refund Advance loan, you will not be eligible to receive your refund up to 5 days early. 5-day early program may change or discontinue at any time. Up to 5 days early access to your federal tax refund is compared to standard tax refund electronic deposit and is dependent on and subject to IRS submitting refund information to the bank before release date. IRS may not submit refund information early.

8NO PURCHASE NECESSARY. Sponsored by Credit Karma, LLC. Entrants must be at least age of majority & legal resident of 50 US or DC. Void where prohibited. Ends May 20, 2022 at 11:59 pm PT.  2 methods of entry: file your taxes with TurboTax and direct deposit at least $1 of your federal tax refund into a Credit Karma Money Spend account or send email to filing-checking-sweepstakes@creditkarma.com with “$50k Filing and Checking Sweepstakes” in the subject line, entrant’s complete name, and state of residence. Full main and email entry info incl. in Official Rules at https://www.creditkarma.com/lp/filingchecking-sweepstakes

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