Search
  • Monique Huizar

Did You Know RAL's...


The only other form of Direct Deposit, besides those made to qualifying accounts of eligible financial institutions, are those that are opened in the process of applying for a Refund Anticipation Loan. Once popular, nowadays these programs have been discontinued by most financial institutions while it has remained a profitable product for large tax preparation franchises, whom often charge a hefty fee for advancing you the refund.

If the purpose of opting for an RAL is to receive your refund faster than you would by mail, consider opening a prepaid card from greendot.com, if you haven't already tried opening a bank account. In 2013, the IRS was processing refunds with direct deposit within 10 business days. Current statistics indicate that the IRS will process 9 out of 10 tax returns in less than 21days. The most you'll wait is 21 days but it's likely that you'll receive your refund within two weeks. If it can wait, why not save the fee of opening an RAL?


1 view

Recent Posts

See All

Individualism vs. Communitarian

The current civilization with its vast talent of every race ought to be in a peaceful state if it wasn’t because said talent goes to waste. Instead of exploiting the talent that every accomplished adu

Retiring From Life is Easy

Here’s a pair of good Bible quotes, ordered in steps, that you can reflect on when considering if you’re worthy of the Kingdom of God. Good news is that you don’t have to have been practicing Faith fo

The Threat of the Fig Tree

Eternity is the present. What we do now, as we speak, will be as useless as anything we did as newborns. The predominant force on earth is malicious. Those that serve others relinquish evil and malice

Contact Me