If you are filing your taxes via TurboTax and expect to receive a tax refund, you can earn a $50 bonus when you direct deposit your tax refund and a paycheck with Credit Karma Money.
Credit Karma Money is a free checking account and savings account with zero fees that helps you manage your money better.
To earn a $50 bonus, you’ll need to direct deposit your tax refund and a paycheck with Credit Karma Money, but you must file your taxes via TurboTax in order to access this promotion.
If you are interested in this Credit Karma $50 Direct Deposit Bonus, you can also get a TurboTax 20% Referral Discount when you file your taxes with TurboTax.
Credit Karma Money Save
- Free savings account with zero fees.
- Earn 0.20% APY on your savings.
- Up to $5 million, or $250K per bank, in FDIC insurance.
- Automatically enter to win a $20k savings boost when you deposit at least $1 into your Save account.
- Banking services provided by MVB Bank, Inc., Member FDIC.
Credit Karma Money Spend
- Free checking account with zero fees.
- Unlimited free withdrawals at 55,000+ ATMs by Allpoint.
- Get paid up to 2 days early.
- No minimum balance requirement.
- No overdraft fees.
- Set up direct deposit to get your paychecks up to 2 days early.
- Every Visa debit card has a chance to get reimbursed by Credit Karma Money.
Credit Karma $50 Direct Deposit Bonus
If you are filing your taxes via TurboTax and receiving a tax refund, you can access this offer from the refund section within TurboTax (where you enter your banking info or choose to receive your refund via check).
To qualify for the Credit Karma $50 Direct Deposit Bonus, you must:
1. Open your new Credit Karma Money Spend account from March 15, 2021, through and including April 15, 2021 (I would expect this to be extended until the new tax deadline on May 17, 2021).
2. Deposit all or part of your federal or state income tax return.
3. Receive a Qualifying Direct Deposit by May 9, 2021.
4. If eligible, you will automatically receive the $50 Direct Deposit Bonus in your Credit Karma Money Spend account on May 10, 2021.
Promotional Terms
- Offer not available to existing Credit Karma Spend account holders.
- This offer is available only online for account applications completed using the option from the TurboTax page.
- Your Credit Karma Money Spend account must be open and in good standing at time of payout.
- The value of the bonus may be reported on the applicable IRS form.
- A Qualifying Direct Deposit is one electronic deposit of a regular periodic payment (such as salary, pension, Government Benefits, or other monthly income) made into your Credit Karma Money Spend account.
If you are filing your taxes via TurboTax and expect to receive a tax refund, and you are interested in trying out Credit Karma Money, take advantage of this offer to earn an extra $50 bonus.
You can learn more about Credit Karma Money on CreditKarma.com, but you must apply through the TurboTax refund page in order to qualify for this $50 bonus.
Laura says
Found this page after wondering where my $50 was. I also missed the DD clause. HOWEVER, I got a new job that started on 4/26, and will receive my first paycheck on the 15th. I like to split my money between accounts anyway, and my chase checking was closed, so I set up small direct deposit into my CK account just to see if in fact I would get my check early. So I did, and hopefully it will qualify me for the $50 bonus.
Paul Stowe says
Slipped the paycheck requirement clause right past a lot of people…pretty shady stuff in my opinion…I’ll be changing my banking info back to my actual bank with the IRS tomorrow..and won’t be using turbo tax in the future..
max says
Didnt get the bonus. People who got the bonus, do you mind sharing what you did?
Ka says
Is there any amount requirement to make the Direct deposit to be “qualified”?
Stephanie Oxendine says
This is false advertising they didn’t say anything about a paycheck being deposited I got a screenshot of it bad for business
Ray says
I, too, didn’t see any indication of adding a direct deposit is a must. Very sneaky, very disappointed. I don’t have enough time to add one now.
Denisha Kirk says
It’s May 10th (as of this comment) and there’s still time (have until June 10th for ddeposit).
I emailed Credit Karma and received this back today:
After reviewing this offer, it appears a qualifying direct deposit must be set up on your Credit Karma Spend account by 06/10. Qualifying direct deposits include forms of monthly income such as salary, pension and government benefits. If this has been set up, the $50.00 will be deposited into your Credit Karma Spend account on 06/11.
I have attached the terms and conditions for the $50.00 TurboTax offer below.
Bonus Offer Terms and Conditions: Sponsored by Credit Karma, LLC. Not transferable. Offer not available to existing Credit Karma Spend account holders. This offer is available only online for account applications completed using the option from the TurboTax page. To qualify for the Credit Karma $50 Direct Deposit Bonus you must: (1) open your new Credit Karma Money Spend account from April 16, 2021 through and including May 17, 2021; and (2) deposit all or part of your federal or state income tax return; and (3) receive a Qualifying Direct Deposit by June 10. If eligible, you will automatically receive the $50 Direct Deposit Bonus in your Credit Karma Money Spend account on June 11. Your Credit Karma Money Spend account must be open and in good standing at time of payout. The value of the bonus may be reported on the applicable IRS form. Qualifying Direct Deposits are electronic deposits of regular periodic payments (such as salary, pension, Government Benefits, or other monthly income) made into your Credit Karma Money Spend account.
KK says
Hi Denisha,
Can you post the screenshot. I am in the same boat as you. The Credit Karma customer support is asking for a screenshot of the offer.
Jennifer says
I too, feel the same. There was absolutely no indication of needing to have a paycheck direct deposit along with tax refund, this is false advertising. Frustrating and very irritated at the misleading under this pretense.
Jessica says
I also feel mislead as there was no indication of needing a direct deposit. I contacted credit karma about the promo and they asked for a screen shot which I did not take.
Paul Stowe says
AGREED! Very shady practices.
Cary says
This Paycheck requirement was not advertised. Very sneaky
Risa Yamamoto says
I received refunds thru turbo tax cuz they promised $50 bonus cash when I applied carma card; however, today is 5/12 and I was supposed to receive $50 by 5/10, I never received anything. False advertising!!
Danielle Baskerville says
Hello,
I told myself before choosing the option to receive the bonus of $50 to read some articles and I came across this one. So towards the bottom before clicking continue after selecting the “New! Recommended Option for CKM” it states the info about how to obtain the $50 bonus (They extended applying to May 17,2021) maybe they just added this on because I see a lot of people didn’t see this or just missed the information. Either way it can be very confusing I would call for more details. I will add what it states on TurboTax just in case someone comes across this, I hope it helps.
“¹Bonus offer terms and conditions: Sponsored by Credit Karma, LLC. Not transferable. Offer not available to existing Credit Karma Spend account holders. This offer is available only online for account applications completed using the option from the TurboTax page. To qualify for the Credit Karma $50 Direct Deposit Bonus you must: (1) open your new Credit Karma Money Spend account from April 16, 2021 through and including May 17, 2021; and (2) deposit all or part of your federal or state income tax return; and (3) receive a Qualifying Direct Deposit by June 10, 2021. If eligible, you will automatically receive the $50 Direct Deposit Bonus in your Credit Karma Money Spend account on June 11, 2021. Your Credit Karma Money Spend account must be open and in good standing at time of payout. The value of the bonus may be reported on the applicable IRS form. A Qualifying Direct Deposit is one electronic deposit of a regular periodic payment (such as salary, pension, Government Benefits, or other monthly income) made into your Credit Karma Money Spend account.“
Paul R. says
In no way, shape, or form do they express the need to also direct deposit a paycheck to receive the $50 when the offer pops up on Turbo Tax. False advertisement and poor overall service. They have wasted my time, and I will be closing my account as there are minimal to no upsides for keeping such an account.
Gabriella says
I feel the same. There was no indication of needing to have a direct deposit so this is false advertising. Frustrating would be an understatement.
Brendan says
Agreed. I thought I just got 50 extra bucks until I read this.
A mak says
I filed my taxes with turbo tax and had my deposit transferred to a new credit karma spend account for the $50 bonus. When I signed up for the credit karma spend account it did not say that I needed to have direct deposit paycheck as well as tax refund send to credit karma account.
I am not currently employed and do not have a paycheck. I would not have opened up this account had I known. VERY DISAPPOINTED
Robyn says
I didn’t know about the paycheck either or I also would have reconsidered as I’m unemployed as well. The lack of clarity is disappointing but there’s always a catch somewhere..