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Getting to know Credit Karma Money™

SOLVEDby TurboTaxTurboTax Online947Updated March 23, 2022

A Credit Karma Money™ Spend account1 is one of the easiest ways to get your tax refund after filing with TurboTax Online. You can access your account with the Credit Karma app and pay for purchases with the Credit Karma Visa® Debit Card,2 which can be used everywhere Visa is accepted in the U.S.—including online, by phone, and in stores.

Wondering how we get your refund into your Credit Karma Money™ account?

When you choose to get your federal tax refund deposited into a Credit Karma Money™ Spend account, TurboTax works with Credit Karma—a fellow Intuit company—and MVB Bank to get your account info to the IRS (and/or the State) so they can deposit your refund into your account. Also, after filing with TurboTax, you can use the Credit Karma refund tracker to see when your federal refund is expected to hit your account.

Not expecting a refund?

Getting a Credit Karma Money™ Spend account still provides plenty of perks you can enjoy. With Credit Karma Money™, you can receive your paycheck up to 2 days early with Early Payday3 and more.

How does Early Payday work?

Setting up direct deposit into your Credit Karma Money™ Spend account automatically makes you eligible for Early Payday. Instead of waiting until your payday to deposit the funds, your funds are posted to your account as soon as they are received, which may be up to two days earlier than the standard payroll electronic deposit. (Note that it usually takes 1 to 2 pay cycles to switch your direct deposit to a new bank account.)

Using your Credit Karma Visa® Debit Card once it’s activated
After activating your card, you can start using it while enjoying all these great features:

  • Manage your finances
    • Download the Credit Karma app to easily manage your accounts, stay up to date on important changes to your credit reports, easily monitor your credit scores and more
  • Credit Karma never charges fees4
    • Your account is free to open, with no penalties, overdraft fees or minimum balance requirements
  • Free ATM Withdrawals
    • Enjoy no fees for withdrawals at over 55,000 Allpoint® ATMs worldwide5
  • Win Instant Karma™
    • You could win reimbursements up to once daily for purchases6 made with your Credit Karma Visa® Debit Card
  • Chance to win $50K
    • Direct deposit at least $1 of your federal tax refund into a Credit Karma Money™ Spend account for the chance to win $50,0007

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

2Credit 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.

3Early 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.

4Third-party fees may apply. Please see Spend Account Terms & Disclosures for more information.

5Fees may apply for ATM transactions outside this network.

6NO 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 

7NO 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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