When you take out a refund anticipation loan, you are borrowing money against your tax refund. If your tax refund is less than expected, you may still owe the entire amount of the loan. If your refund is delayed, you do not pay additional costs. YOU CAN GET YOUR REFUND 21 DAYS WITHOUT PAYING ANY EXTRA FEES AND TAKING OUT A LOAN. You can have your tax return filed electronically and your refund direct deposited into your own financial institution account without obtaining a loan or paying fees for an extra bank product.
A Refund Anticipation Loan (“RAL”) is not your actual refund; it is a short-term loan in anticipation of YOUR income tax refund being paid by the United States Department of Treasury. With a “RAL”, instead of transmitting the entire tax refund to YOUR account, your tax preparer instructs the “IRS” to transmit YOUR refund to an Electronic Refund Deposit (ERD) Account established for YOUR benefit to pay any outstanding fees.
Price: The Fast Cash Advance is an optional tax-refund related loan provide by our banking affiliate (it is not the actual tax refund). The amount of the loan and applicable interest will be deducted from tax refunds and reduce the amount that is paid directly to the taxpayer. Fees for other optional products or product features may apply. Tax returns may be filed electronically without applying for this loan.
Loans offered in the amount of 25%, 50%, or 75% of your expected tax refund from $500 - $6,000. Loan in the amount of 25% of your expected refund has an Annual Percentage Rate (APR) of 0.00%. Loan in the amounts of 50% or 75% of your expected tax refund have an APR of 36%. For example, $2,000 representing 50% of expected refund borrowed over 24-day terms, total amount payable in a single payment is $2,047.34 including interest. Availability is subject to satisfaction of identity verification, eligibility criteria, and underwriting standards. Tax preparation fees apply and are non-refundable regardless of bank's loan decision. Please be responsible and consider all options including the IRS free e-filing option before applying for any tax related bank products.
Loan Disclosure: WHEN YOU TAKE OUT A TAX REFUND ANTICIPATION LOAN ADVANCE, YOU ARE BORROWING MONEY AGAINST YOUR TAX REFUND. IF YOUR TAX REFUND IS LESS THAN EXPECTED, YOU WILL STILL OWE THE ENTIRE AMOUNT OF THE TAX REFUND ANTICIPATION LOAN ADVANCE. YOU CAN GET YOUR REFUND IN 8 TO 21 DAYS WITHOUT PAYING ANY EXTRA FEES AND TAKING OUT A TAX REFUND ANTICIPATION LOAN ADVANCE. YOU CAN HAVE YOUR TAX RETURN FILED ELECTRONICALLY AND YOUR REFUND DEPOSITED INTO YOUR OWN.