What is a Refund Transfer1?

With a Refund Transfer (RT) your refund will be direct deposited from the IRS or State with Republic Bank. Before being disbursed to you, Republic Bank’s Refund Transfer Fees are deducted from the refund. Additionally, all applicable Transmitter, Service Bureau, Tax Preparation, Audit Fees and other amounts are deducted from the refund and automatically forwarded to the appropriate party as authorized by you on your Bank Product Application and Agreement.

The remainder of your refund is disbursed to you by a bank check printed at the tax office, direct deposit to your personal bank account2, loaded to a Prepaid Card3, or Walmart Direct2Cash4.

How long does an RT take?

When you receive your refund depends on when the IRS or State releases the refund to Republic Bank.

Based on information published on www.irs.gov, the IRS issues most electronically filed refunds within 21 calendar days of IRS acknowledgement or within 6 weeks for paper filed returns. However, the IRS will not begin issuing refunds for Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC) related tax returns until February 15th. Visit www.irs.gov for details about your individual refund. Republic Bank & Trust Company does not guarantee whether, when or in what amount a tax refund will be issued. Once received by Republic Bank, your refund is immediately processed by deducting the amounts authorized by you and releasing the money according to the disbursement option you have chosen.

What else should I know?

What are the benefits?

CONVENIENCE

With a Refund Transfer (RT), you can have your taxes professionally prepared and pay tax preparation and other related fees with your refund money. This is a very convenient way to pay the fees associated with tax preparation and tax return filing without having to pay anything up front.

SPEED

If you don’t have a bank account, an RT allows you the benefit of having your refund processed safely as a direct deposit rather than waiting additional time for your check to be printed and mailed from the IRS or State. You can choose to receive your RT disbursed as a bank check with many low-cost options for check cashing available, a prepaid card which often provides many benefits of a traditional bank account or Walmart Direct2Cash.

SECURITY

Many customers feel most comfortable with the security and personal service of picking up a bank issued check from the safety of the tax office rather than receiving an IRS or State issued check in the mail.

What is an Easy Advance?

Easy Advance is a one-time loan not intended for long-term use. Your Easy Advance is subject to underwriting and approval by Republic Bank & Trust Company. You may receive an Easy Advance amount less than what you requested. The Finance Charge will be assessed based on your approved loan amount. Typically, your proceeds will be disbursed to you within 24 hours of Internal Revenue Service (IRS) acceptance of your tax return.2 The Easy Advance is secured by and paid back with your tax refund but is not your actual tax refund.

LOAN AMOUNTFINANCE CHARGEAPR
$6,000$104.0024.33%
$3,000$76.4435.77%
$2,000$50.9635.77%
$1,500$38.2235.77%
$500$12.74 35.77%

Disbursement Method Information:

Important Information for Joint Filers:

Other Information:

Please consult your Bank Product Application and Agreement for additional information.

  1. A Refund Transfer is a fee-based product offered by Republic Bank & Trust Company, member FDIC. A Refund Transfer Fee and all other authorized amounts will be deducted from your tax refund. Visit your tax preparer to learn about all filing and product options, including obtaining your refund at no additional cost.
  2. Based on information published on www.irs.gov, the IRS issues most electronically filed refunds within 21 calendar days of IRS acknowledgement or within 6 weeks for paper filed returns. However, the IRS will not begin issuing refunds for Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC) related tax returns until February15th. Visit www.irs.gov for details about your individual refund. Republic Bank & Trust Company does not guarantee whether, when or in what amount a tax refund will be issued.
  3. Available at participating tax offices. The Netspend Visa Prepaid Card is issued by Republic Bank & Trust Company, Member FDIC pursuant to a license from Visa U.S.A. Inc. Netspend, a TSYS® Company, is a registered agent of Republic Bank & Trust Company. This card may be used everywhere Visa debit cards are accepted. Card use is subject to activation, ID verification, and funds availability. A $5 monthly fee, transaction fees, terms, and conditions apply to the use and reloading of the Card Account. See the Cardholder Agreement at www.republictaxpayer.com/terms for details.
  4. Available at participating Walmart locations for disbursements up to $7,500. An additional one-time $7.00 fee applies.