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Kabbage Announces New Checking Account Solution for Small Businesses

July 29, 2020 / Samson Haileyesus

Kabbage has announced the launch of its new checking account solution targeting small businesses. The new offering provides small businesses access to digital banking services including electronic wallets, free ATM access and bill payments. According to Kabbage, these are the same capabilities,convenience and security businesses can expect with a traditional checking account. This offering comes without monthly fees.  And it offers a 1.10% Annual Percentage Yield (APY) – touted as one of the highest rates in the industry.Applying for a checking account according to Kabbage takes less than 10 minutes. All you need is just basic information about you and your business. Kabbage checking accounts will be issued by its partner bank Green Dot Bank. Kabbage also allows businesses to connect other business services such as Intuit QuickBooks, eBay, Amazon and PayPal.