Taxpayers may receive the FastCashADVANCE by cashier's check or Walmart MoneyCard.
Taxpayers that ask to receive their money on a Walmart MoneyCard will leave the tax professional’s office with aWalmart MoneyCard card in hand. Funds for the advance amount will be loaded onto the taxpayer’s card upon loan approval. Remaining tax refund proceeds will be loaded onto the card upon IRS and/or state funding.
Taxpayers that ask to receive their money by cashier's check must return to your office to pick up a check which is printed at the tax professional's office. Remaining tax refund proceeds will be issued by a check printed out of the tax professional's office upon IRS and/or state funding.
Because the card is offered in-office taxpayers will receive a Walmart MoneyCard before they leave the tax professional’s office, and a personalized card will be printed in the name of the primary taxpayer and mailed to the residence of qualified taxpayers. The spouse can request a second personalized card through the Walmart MoneyCard website once the initial card has been received.*.
How can a taxpayer access funds on the cards without incurring any fees?
The Walmart MoneyCard offers numerous convenient methods for consumers to access their funds at no cost to the consumer.
- The first ATM withdrawal is free
- Purchase transactions are free
- Taxpayers can withdraw cash at any Walmart Customer Service Center for free
- There is no monthly charge for the first 30 days.
The Walmart MoneyCard has higher daily withdrawal limit of $3,000 to accommodate the unique needs of taxpayers during the tax season.
Do I have to request Walmart MoneyCards?
Walmart MoneyCards will be shipped to tax professionals that have opted-in to FastCashADVANCE with card volume based primarily on prior year Refund Transfer (RT) volume. New clients will provide prior year RT volume upon enrollment. If card inventory is depleted during tax season, additional cards can be ordered through our website.
*A second card fee of $4.95 may apply.
The Refund Advance is an optional tax-refund related loan provided by MetaBank (it is not the actual tax refund) at participating locations. The amount of the loan and applicable interest will be deducted from tax refunds and reduce the amount that is paid directly to the taxpayer. Fees for other optional products or product features may apply. Tax returns may be filed electronically without applying for this loan. Loans offered in amounts of $500 or 25%, 50%, or 75% of your expected tax refund from $500 - $6,000. Loan in the amount of $500 or 25% of your expected refund has an Annual Percentage Rate (APR) of 0.00%, a minimum loan amount of $500 and a maximum loan of $2,000. Loan in the amounts of 50% or 75% of your expected tax refund have an APR of 36.0%. For example, $3,000 representing 50% of expected refund borrowed over 24 day terms, total amount payable in a single payment is $3,071.01 including interest. Availability is subject to satisfaction of identity verification, eligibility criteria, and underwriting standards.