¹ Banking services for Credit Karma Money accounts are provided by MVB Bank, Inc., Member FDIC. Let’s take the next step of building the foundation for your financial future by getting started together – start by filing your taxes with TurboTax today and look for Credit Karma Money as a deposit method for your tax refund. The sooner you file, the sooner you can enjoy the benefits of earlier funds, building low credit, or growing your savings for a rainy day. You see, these are just some of the ways that using TurboTax and Credit Karma together can help you take your tax refund further and improve your personal finances. It’s time to build that emergency fund that you’ve been thinking about this whole time. The funds in your account are FDIC insured up-to $5 million 12, so you can take comfort in knowing Credit Karma has your back. You could earn interest on your tax refund when you deposit it in a Credit Karma Money Save account and let it grow. Reach your savings goals faster with your tax refundįor those interested in reaching their savings goals sooner, Credit Karma Money Save offers a high yield interest rate. You’re eligible to apply for Credit Builder if your TransUnion credit score is 619 or below at the time of application.Ĭredit Karma also offers other financial services such as credit monitoring, credit score tracking, and personalized recommendations for your future credit card or loan needs. Putting aside just $20 per month into the Credit Builder plan could set you on a course towards better credit 8 – You could even add 21 points to your score on average in 4 days of starting the plan! 9Ī connected paycheck 10 or Qualifying Direct Deposit 11 is required. Then, get more from your everyday spending by earning automatic cash back at thousands of merchants with your debit card! 6īuilding a strong credit score is essential for improving your financial health, as it is one of many factors that could help you qualify for better loan terms, credit card offers, and other financial products.Ĭredit Karma Money Spend members can apply for Credit Builder, 7 a tool that could help improve your credit score. This perk can come in handy, especially if you are in urgent need of funds for essential expenses like rent, utilities, or medical bills. When you continue to use Credit Karma Money after tax season, you can set up direct deposits and get access to your paycheck up to 2 days early 5. 5-Day early program may change or discontinue at any time. However, if you deposit your tax refund in a Credit Karma Money account, you could receive it up to 5 days early 4 so you can get to spending earlier on whatever you might need. Typically, it can take weeks to receive your tax refund after filing your taxes with the IRS. This type of flexibility with your money can be a significant advantage, as some banks may charge fees for maintaining an account or require you to maintain a minimum balance each month to avoid fees. These accounts offer a range of year-round benefits for you to take advantage of.įree to open with no minimum balance requirements 3Ĭredit Karma Money Spend is a free to open checking account, with no monthly fees or minimum balance requirements. Credit Karma Money is offered as a direct deposit option when you decide on where to put your tax refund while filing. One of the best ways of using TurboTax and Credit Karma together is the option to direct deposit your tax refund into a Credit Karma Money TM checking 1 or savings 2 account. It’s time to file your taxes and if you’re looking for access to earlier cash, funds to pay down debt or help build your credit, or simply to earn interest on your tax refund by depositing it into a high-yield savings account to plan for a rainy day, keep reading – we’ve outlined some of the best ways to help make these happen. Did you know that TurboTax and Credit Karma are part of the same company, Intuit? This is an exciting benefit for our customers because we have some tips and tricks on how to help make filing your taxes a little less daunting and to help you improve your financial situation overall.
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