![]() ![]() Deposits under any of these trade names are deposits with Green Dot Bank and are aggregated for deposit insurance coverage up to the allowable limits.ĥ Available to tax professionals enrolled in our Standard Refund Transfer program that processed 40+ Refund Transfers in the previous tax season. All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. GO2bank also operates under the following registered trade names: Green Dot Bank, GoBank and Bonneville Bank. Visa is a registered trademark of Visa International Service Association. Must be enrolled in the standard Refund Transfer program to qualify for standard pricing all discount programs offered through TPG are subject to other pricing.Ĥ GO2bank cards are issued by GO2bank, Member FDIC, pursuant to a license from Visa U.S.A., Inc. If enrolled through a service bureau, please check with bureau associate for details on incentive payment. $39.95 incentive paid by 6/30/23 for taxpayers with Fast Cash Advance and IRS-funded Refund Transfer deposited to a GO2bank Visa® Debit Card. IRS tax refund deposit must be received by 5/31/23. Incentive paid as long as IRS tax refund is deposited to the GO2bank Visa® Debit Card. In-season Fast Cash Advance available first day of filing.ģ Based on cost for post-acknowledgment refund advance. Offer and terms subject to change at any time without prior notice.Ģ Pre-ACK Fast Cash Advance available Jan. Potentially faster access to refunds with direct deposit into a Credit Karma Money Spend online checking account or a TurboTax Refund Advance loan Deeper insights into their income. Not all consumers will qualify for a loan or for the maximum loan amount. For example, for a loan of $2,000 with a repayment period of 30 days, the total amount payable in a single payment is $2,059.16 including principal and interest. With TurboTax Refund Advance you could get up to 4,000 instantly in as little as 1 minute of IRS E-file acceptance. All loans have an Annual Percentage Rate (APR) of 35.99%. Loans are offered in amounts from $500-$7,000 and are offered both pre-IRS acknowledgment of the tax return and post-IRS acknowledgment of the tax return. Tax returns may be filed electronically without applying for this loan. Fees for other optional products or product features may apply and will be disclosed at the time of application. ![]() 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 from the refund. “Use that windfall to pay down debt, to boost your savings or to make a retirement contribution,” McBride said.Ī better solution for those who don’t have the discipline to save: Adjust your withholdings to eliminate the big refund and take that extra money from each paycheck and have it automatically deposited into your rainy-day savings account.1 Fast Cash Advance is an optional tax-refund related loan provided by First Century Bank, N.A., member FDIC (it is not the actual tax refund) and is available at participating locations. For those who feel this way, at least be sure to put that refund to good use. Refund Advance is a loan based upon your anticipated refund and is not the refund itself. If you’re considering a TurboTax Refund Advance loan, here are a few other things to keep in mind. Certain forms make you ineligible If you need to file Forms 1310, 1040SS, 1040PR, 1040X, 8888 or 8862, you won’t be eligible. Some people insist on getting a big refund because they see it as a self-imposed savings program. If you don’t want to be limited to using TurboTax, this loan probably isn’t the best fit. preparers and banks promote 'refund-anticipation loans,' which advance you the refund you'd. “You'd either like to get a small refund or even pay a small amount and instead get your money throughout the year with each and every pay check." TurboTax includes advice from Money magazine's tax editor. 5 day early program may change or discontinue at any time. 2 If you choose to pay your tax preparation fee with TurboTax using your federal tax refund or if you choose to take the Refund Advance loan, you will not be eligible to receive your refund up to 5 days early. Maximum balance and transfer limits apply. "Ideally, you don't want to get a big refund because that means you've given an interest-free loan to the government,” McBride told NBC News BETTER. 1 Banking services provided by MVB Bank, Inc., Member FDIC. ![]()
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