Refund Anticipation Loans (RALs) may be a thing of the past.

Though the national chains will not be offering RALs for the 2011 tax year, Fiscal Tax can still provide them if that’s what you need in your particular circumstances.

Getting a RAL is fast and easy. Your check is ready within 24 hours after Fiscal Tax e-files your return with the IRS. However, there are additional fees involved. There are bank fees for the loan – after all, the bank is loaning you money equal to your refund, but the loan isn’t paid back until the IRS releases your refund. Then there are check cashing fees once you get your check. So if you don’t need your money back within 24 hours, you may want to opt for the latest option.

Prepaid Debit Cards are here!

For the first time ever you can now choose to receive your IRS and State refunds in the form of a prepaid debit card. Fiscal Tax will be offering a Money Clip Prepaid VISA Debit Card.
What are the advantages to choosing a Money Clip Prepaid VISA Debit Card?

1. You receive a $20 refund from the issuing bank.
2. Your Money Clip Prepaid VISA Debit Card is good anywhere VISA is accepted – even online.
3. You save $40 in bank loan fees compared to a RAL which has bank fees of $61.22.
4. You Save up to 4% of your refund in check cashing fees. With the average refund being $3,000, that’s an additional savings of $120.
5. There is no limit to the amount of your refunds compared to a RAL that has a limit of $1,500.
6. Your Money Clip Prepaid VISA Debit Card will be loaded with your Federal and State refunds.
7. Indiana refunds are loaded to your Money Clip Prepaid VISA Debit Card within 5 to 7 days, Federal refunds within 8 to 14 days.
8. You can use your Money Clip Prepaid VISA Debit Card year-round.
9. You can withdraw cash anytime at any ATM with 22,000 ATMs fee free.
10. You can reload your Money Clip Prepaid VISA Debit Card anytime.
11. You can get CASH BACK on purchases at retailers who accept VISA.
12. Don’t have a bank account? You can register for FREE for online bill pay and pay bills from your Money Clip Pre-Paid VISA Debit Card.

Have questions about the Money Clip Prepaid VISA Debit Card?

The Prepaid Debit Card is a new way of getting your refunds. You probably have questions we haven’t addressed in this blog. We would like to encourage you to post your questions as a comment to this blog and we will answer them so others with the same questions can also see our response. Or, you can call us at 317-895-2282 and we will be happy to answer them over the phone. You can also click here to email us your questions.