Refund Loans

Refund Anticipation Loan (IRAL)
Instant RAL (IRAL) is a product that provides individual taxpayers who are entitled to a federal tax refund an instant loan decision and immediate partial disbursement of the loan proceeds. The application decision is based on proprietary scorecard technology and occurs prior to any acceptance/acknowledgement returned by the IRS. Results of IRAL applications are available in the office in minutes. At the time the IRAL is approved, the individual seeking the loan is only charged the IRAL Fee and the Set-Up Fee. When/if the bank approves the remainder of the loan as a Classic RAL, the finance charge along with all other tax-related fees will be deducted from that second check.

Refund Anticipation Loan (RAL)
For individuals who have an immediate need for their tax refund, the RAL may be the product of choice. The bank will lend funds on the anticipation of the taxpayer's refund being deposited from the IRS to cover the loan. Typically, these loans are granted within 1-3 days. Once the loan is approved you can print the RAL check. Your fees are then deposited into your account within a few days of printing the check.

Electronic Refund Check (ERC)
The ERC is the answer for taxpayers who do not want a refund anticipation loan and who need or want a paper check. After the IRS deposits the refund (10-14 days after the return is accepted), the bank deposits your fees in your account and you print a check for the balance for the taxpayer. You get your fees and there’s no risk of loan losses.

Direct Deposit Refund Anticipation Loan (DDRAL)
Perfect for taxpayers who have an immediate need for their tax loan proceeds and have a bank account. The bank will lend funds on the anticipation of the taxpayer's refund being deposited from the IRS to cover the loan. Typically, these loans are granted in 1-2 days. Once the loan is approved, your prep fees are deposited into your bank account and the balance of the loan proceeds are deposited into the taxpayer's bank account.

Direct Deposit Refund (DDR)
Like the ERC, this product is not a loan. When the IRS deposits the refund (10-14 days after the return is accepted), the bank deposits your fees into your account and the balance into the taxpayer’s personal account. There are no checks to print.