What is an Instant Refund Anticipation Loan?
It is an advance on a Refund Anticipation Loan. A refund anticipation loan is a loan in an amount equal to your anticipated federal income tax refund. How does it work? You have your income tax return preparation by one of our tax professionals, we will then apply for a refund anticipation loan for the amount of your income tax refund and electronically file your income tax return and application for processing. Once approved (usually within a few minutes) you will receive your refund anticipation loan check, its that simple, you’ve got money! Once the IRS deposits your tax refund into the participating bank account, the bank will apply your income tax refund to your refund anticipation loan and pay the loan off. This allows you to receive up to $1,500 of your income tax refund instantly, providing you with a fast secure way of receiving your refund with no out-of-pocket costs to you.
