Since the beginning of this year, I have been reading about all of these people with locked Ibotta accounts which means that they cannot withdraw their monies. I watched SavingWithSha‘s most recent YouTube video on how her Ibotta account has been locked for a second time in two weeks.
Lots of people on social media have been complaining on Facebook, Twitter, Instagram and YouTube about how their Ibotta account has been locked.
How most find out that their account is locked is when they go to request a pay out via PayPal or a gift card and the person will see a “account is lock” message.
The rebate apps are not banks nor a 401(k) plan and consumers are not protected by the FDIC (Federal Depost Insurance Corporation). Once you reach the minimum requirement to make a withdrawal do so.
I will continue to use Ibotta because common sense makes good cents.