Just be mindful that unless you make a larger initial deposit, you may be hit with a fee every month the card is active. Most banks make your refund money available only after it has been received. That's because of American Express' practice of adding money to the Serve card when it gets notification of a pending IRS refund deposit. Jackson Hewitt claims you could get your refund deposited on the American Express Serve Card up to two days faster than automatic deposit into your bank account. This offers similar benefits as the other tax refund cards and comes with no fees and no minimum balance requirements. The firm also gives clients the option to receive a refund on an American Express Serve Card. Its maximum loan amount is $3,500, which is more than H&R Block and TurboTax. Jackson Hewitt also offers a similar no-fee loan that's paid off when your refund arrives. Either way, you can expect to receive your refund in about 21 days - about same amount of time it takes to receive a refund directly deposited from the IRS. H&R Block also offers to pay your tax refund (collected in the above-mentioned account) to you via a paper check, for an additional $25 fee. Capital One’s debit card, available to kids ages eight and up, charges no monthly service or subscription fees comes with no minimum balance requirements to open or maintain and has no. Again, that's expensive, and the better option is to pay the fees by using your own debit or credit card. Block charges about $40 for this convenience. Block sets up an account to receive your refund and when it's deposited, the company's fees are deducted from the account. The maximum loan limit is a more generous $3,000.Īlso, if you use the H&R Block suite of tax-prep services, you can elect to pay the fees from your refund using what's called Refund Transfer. It's a 0 percent loan with no finance charges or fees. H&R Block also offers a similar no-fee loan product called Refund Advance, which deposits your refund onto Block's Emerald Prepaid MasterCard. For such people it's a better option than getting a paper check. This product is designed for people who don't have a bank account and really need their tax refund immediately. Those without a bank account can use the card to withdraw the cash on it at thousands of no-fee ATMs in all 50 states.īut additional fees may apply when using the card for purchases, withdrawals or reloading the card with additional cash or replacing a lost or stolen card. When your tax refund arrives, it's used to first pay off the loan, and the remaining funds stay on the card.Īccording to the TurboTax website, you must be 18 or older, expect a tax refund of $1,000 or more, and prepare and electronically file your tax returns with TurboTax. The loan is directly deposited onto a Turbo Prepaid Visa Card. Loan amounts range from $250 to $1,000, depending on the amount of your anticipated refund and other factors. It also offers a no-fee loan that's paid off when your refund is processed. You're better off using a credit or debit card, or use cash, to pay the fees.

First, it lets you have any TurboTax fees directly deducted from your federal tax refund. TurboTax offers a few products to help get your refund quickly.

Does turbotax debit card refund deposit