The short answer
A transaction for CREDIT KARMA* MONEY represents an ACH transfer, deposit, or debit card transaction via Credit Karma Money (powered by MVB Bank, Inc. / Intuit Inc.).
Why it shows up like this
An entry reading CREDIT KARMA* MONEY on your bank statement signifies an electronic funds transfer, account deposit, or debit activity linked to Intuit Inc. / MVB Bank, Inc. Credit Karma, widely known for credit score monitoring, provides consumer banking products under the Credit Karma Money umbrella, which includes the Credit Karma Money Spend checking account and Save savings account. Because banking services are operated through partner institution MVB Bank, Inc., Member FDIC, this descriptor reflects real banking movements rather than a subscription service fee.
This line item surfaces when an external checking or savings account initiates or settles a money transfer. For example, if you connected an external bank to fund your Credit Karma Money Account Transfer / Spend balance, scheduled an automatic recurring savings deposit, or moved money to cover debit card transactions, the linked bank registers the pull as CREDIT KARMA* MONEY. It can also appear if you used an linked debit card to add funds immediately into your Credit Karma balance.
Because Credit Karma Money accounts do not charge monthly service fees, you should verify whether an automated deposit or scheduled transfer was triggered in your app. Log in to your Credit Karma profile, select the Money section, and inspect your transaction ledger. If you do not have an active Credit Karma Money account or recognize this debit, contact your primary bank immediately to contest the ACH transfer under electronic banking guidelines.
Common reasons for this charge
Debit entries typically reflect scheduled transfers between linked accounts rather than unexpected vendor billing. Confirm whether a family member or joint account holder set up recurring deposits into a Credit Karma savings wallet.
- An automated recurring transfer to fund your Credit Karma Money Save high-yield savings account.
- A point-of-sale purchase made using your Credit Karma Visa debit card.
- An ACH transfer pulled by Credit Karma to settle a bill payment.
How to locate the invoice and cancel
- Open Credit Karma App Launch the Credit Karma app or sign in at creditkarma.com.
- Select Credit Karma Money Tap on Money > Account Details.
- Manage Transfers Review recent transactions or cancel recurring automated deposits under Transfer Settings.
Frequently Asked Questions
Is Credit Karma Money a paid subscription?
Credit Karma Money has no monthly maintenance fees. Charges on your linked account represent transfers or deposits you scheduled.
Which bank holds my Credit Karma Money deposits?
Banking services are provided by MVB Bank, Inc., Member FDIC.
Dispute Rights & Fraud Prevention
If you did not initiate a transfer or maintain a Credit Karma Money account, report the transaction to your financial institution immediately.
ACH and banking transfers are protected under Regulation E, requiring notification within 60 days of the statement date.
How do I report an unauthorized Credit Karma transfer?
Contact your primary bank to stop the ACH transfer and report unauthorized access to Credit Karma support.
How long does a Regulation E investigation take?
Banks generally complete electronic fund transfer dispute investigations within 10 to 45 business days.
Independent reference — not affiliated with Intuit Inc. / MVB Bank, Inc.. Billing names and policies change; verify with the merchant or your bank before acting.
Verified sources
Every claim on this page is checked against official sources — open them to confirm before you call your bank.
- Credit Karma Money Account Terms https://www.creditkarma.com
- CFPB: Regulation E & Electronic Fund Transfer Protections https://www.consumerfinance.gov
Reviewed Aug 15, 2026 · high · About UnknownCharges