DELIVER CASH FASTER TO YOUR CUSTOMERS
With a Taxpayer Refund Advance Loan1, clients get the money they need fast. This valuable program gives clients the flexibility they need to pay outstanding expenses without having to wait weeks for their refund to be processed giving you the edge you need to compete in your industry.
Our no-cost option1 eliminates any marketing fees on your end for in-season advances. Thanks to our lenders structure, we’ve raised the bar on approvals up to 90%, helping you grow your business while expanding your customer base and retaining your clients.
The Refund Advance is an optional tax-refund related loan provided by Our Banking Partners, Members® FDIC (it is not the actual tax refund) at participating locations. Program availability and loan amounts may vary based on state the provider is located. 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 features may apply. Tax returns may be filed electronically without applying for this loan. Loans offered in amounts up to $6,000.00 (where available), and up to 75% of your expected tax refund from $250 – $6,000. Loans in the amounts of $250, $500, and $1,000 have an Annual Percentage Rate (APR) of 0.00%. Loans in the amounts of 25%, 50% or 75% of your expected tax refund have an APR of 36.0% with a minimum loan of $1,250. For example, $2,500 loan representing 50% of expected refund borrowed over 29-day term, total amount payable in a single payment is $2,571.51 including interest. Availability is subject to satisfaction of identity verification, eligibility criteria, and underwriting standards.
Certain Refund Advance Loans are available at no cost to tax preparers and taxpayers and Pre-Acknowledgement Loans (approved prior to IRS Acknowledgement) have a $75 Marketing Fee