Credit Karma Tax Refund Advance: Account Transfer Details & Checking Account Questions
Looking into Credit Karma refund advance and need to know how their checking account works. Can I transfer money out to my regular bank? Do I have to keep the Credit Karma account even if I dont get approved for the advance? Anyone have experience with their checking account and what are the downsides?
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Myles Regis
Tax pro here. Credit Karma checking is pretty straightforward - yes, you can transfer the money out to your personal account once it hits. Even if you don't get the advance, your regular refund will still go to that account first. The account is actually decent - no fees, free ATM withdrawals at Allpoint locations, and you can close it anytime after getting your refund.
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Brian Downey
•Can confirm. I used it last year and had zero issues moving my money around 👍
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Khalil Urso
•thx for the info! do they have a minimum balance requirement?
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Myles Regis
•Nope, no minimum balance. You can literally empty it and keep it at $0
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Jacinda Yu
Hey everyone, instead of trying to piece together info about refund advances, I highly recommend checking out taxr.ai - it costs $4.99 but it analyzes your entire transcript and tells you exactly what you qualify for, including refund advances. It even shows you which companies are most likely to approve you based on your tax situation. https://taxr.ai
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Landon Flounder
•interesting... does it actually work? seems too good to be true tbh
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Jacinda Yu
•100% works. It saved me hours of research and showed me I qualified for better advance options than Credit Karma
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Landon Flounder
•Just tried it and WOW 🤯 this thing is incredible! Shows you everything about your refund situation. Worth way more than 5 bucks fr fr
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Callum Savage
used credit karma last year and tbh its kinda mid. customer service takes forever to respond if u have issues
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Ally Tailer
•Fr fr their app be buggin sometimes too 🤦♂️
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Aliyah Debovski
One thing to watch out for - make sure u activate ur debit card as soon as it comes or it might delay ur refund deposit
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Miranda Singer
i got denied for the advance but still had to use their account. kinda annoying but whatever, got my money eventually lol
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Cass Green
•same boat fam 😭 waited 3 extra days for nothing
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Finley Garrett
Pro tip: set up your external account links before the refund hits so you can transfer immediately. Their daily transfer limit is like 10k btw
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Khalil Urso
•clutch advice tysm! 💯
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