FREQUENTLY ASKED QUESTIONS

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Once your tax return is filed, it takes the bank about 2-3 hours to  process the application.  Upon approval the money is immediately wired to your account.  Due to the nature of most banks, you will see the funds in your account the following day.

After the IRS approves and releases your tax refund, the funds will be routed to the bank to repay  the loan and our tax preparation fees.  The remaining funds are then wired by the bank to your account the same day.  This is exactly how the advance programs at H & R Block® and Jackson Hewitt® work.

No.   Approval for the cash advance is based on your past filing history.  The bank evaluates the risk that you may not receive your tax refund for any reason.  Your approval is determined via this risk assessment.  Here is a short list of reasons for denial:

• Owing the IRS
• Owing a university
• Owing child support
• Filing dependent/dependents you  have never claimed

The interest on the amount advanced to you is roughly around 3%.  This means for an advance of $2000, the total amount with interest would be around $2059.99.