Instant Refund Anticipation Loan
Client receives a portion of their expected refund amount within minutes of bank approval. The Advance is disbursed using the same disbursement method selected by the client to receive their federal product. The remaining balance available upon RAL approval or IRS funding.
Refund Anticipation Loan (RAL)
The Refund Anticipation Loan (RAL) is a fast method for you to receive money based on your federal tax refund. Upon receipt of IRS accepted acknowledgement and upon meeting bank loan approval criteria, funds are quickly disbursed to you in the form of a cashier’s check or check card. If you prefer, the funds can be direct deposited into your checking or savings account at your local bank. With a check or cash card, money is available within 24 hours, usually the same day you visit our office. RAL direct deposit will reach your bank account within 1 to 2 business days after bank approval. All fees are deducted from your refund.
Refund Anticipation Check (RAC)
The Refund Anticipation Check is a quick and cost effective method for you to receive money based on your federal tax refund. IRS deposits your refund into a temporary account with a bank of our choosing. Federal tax refund is usually deposited within 7 to 14 days from the date the IRS accepts your tax return. Upon IRS funding our fees are deducted from the refund and the balance is disbursed to you in the form of a casher’s check or check card or direct deposit into our checking or savings account at your local bank. Funding times may vary depending on IRS processing procedures.
This stored value card is similar to an ATM/debit card. The Cash Card is given to you before you leave our office. All disbursements are loaded to the same Cash Card so you will not have to return to our office. Funds are available from any ATM or Point of Sale terminal that supports the Star, Cirrus or Maestro systems within 30 minutes of bank approval (RAL) or IRS funding (RAC).
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Tax Associates, Inc.
1509 8th Avenue North
Birmingham, Al 35203
Phone: (205) 251-9013
Fax: (205) 251-4801