What is Refund Anticipation Loan (RAL) ?
A. A Refund Anticipation Loan (RAL) is a check or direct deposit issued to you by a bank in the amount of your tax refund less your tax return preparation fee and banks processing fee. The maximum amount of RAL is $3,000. If your refund is greater than $3,000 you will get a second check for the remaining portion once the IRS has funded your account. You will receive RAL faster than RAC.
