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What happens after a Fast Cash Advance is approved?

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You will receive a check print record for any approved Fast Cash Advance1 that is disbursed by check. Taxpayers that requested direct deposit will receive their advance within 1-2 business days of loan approval.

Taxpayers that selected a GO2bank™ Visa® Debit Card2 will receive their advance within 1-2 business days of loan approval. They will be notified directly when the Fast Cash Advance has been deposited to their account, if the taxpayer's contact information is provided in the software. 

 

Approved advances may also be viewed by logging onto the TPG website, selecting Reports from the left side menu and viewing the FCA Summary report.

 

How is the rest of the taxpayer's refund issued?

Whether your client is approved or denied for the Fast Cash Advance, the balance of their refund will be issued by the disbursement method selected at the time of filing.

 

How is the fee paid?

TPG will deduct the fee from your tax preparation fees only on approved advances. Logon to our website and visit the report page to track your fees (reports available soon).

 

1 Fast Cash Advance is an optional tax-refund related loan provided by First Century Bank, N.A., member FDIC (it is not the actual tax refund) and is available 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 from the refund. Fees for other optional products or product features may apply and will be disclosed at the time of application. Tax returns may be filed electronically without applying for this loan. Loans are offered in amounts from $500-$7,000 and are offered both pre-IRS acknowledgment of the tax return and post-IRS acknowledgment of the tax return. All loans have an Annual Percentage Rate (APR) of 35.99%. For example, for a loan of $2,000 with a repayment period of 30 days, the total amount payable in a single payment is $2,059.16 including principal and interest. Not all consumers will qualify for a loan or for the maximum loan amount. Offer and terms subject to change at any time without prior notice.

Fast Cash Advance is an optional tax-refund related loan provided by First Century Bank, N.A., member FDIC (it is not the actual tax refund) and is available at participating locations. The amount of the loan will be deducted from tax refunds and reduce the amount that is paid directly to the taxpayer from the refund. Fees for other optional products or product features may apply, and will be disclosed at the time of application. Tax returns may be filed electronically without applying for this loan. Loans are offered in amounts of $500 and $1,000 and are offered upon IRS acknowledgment of the tax return. All loans have an Annual Percentage Rate (APR) of 0%. For example, for a loan of $1,000 with a repayment period of 30 days, the total amount payable in a single payment is $1,000.00. Not all consumers will qualify for a loan or for the maximum loan amount. Offer and terms subject to change at any time without prior notice.

2 GO2bank™ cards are issued by GO2bank, Member FDIC, pursuant to a license from Visa U.S.A., Inc. Visa is a registered trademark of Visa International Service Association. GO2bank also operates under the following registered trade names: Green Dot Bank, GoBank and Bonneville Bank. All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. Deposits under any of these trade names are deposits with Green Dot Bank and are aggregated for deposit insurance coverage up to the allowable limits.

 

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