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What happens when you get a Rapid Refund from say HR Block. Is that classified as a direct deposit or a check-by-mail?
Wiki User
∙ 15y ago
HR Block will first lend you an amount equal to your anticipated refund minus fees. It will give you this loan in the form of a check or a prepaid debit card.
You will sign a piece of paper authorizing HR Block (or its bank) to open a bank account in your name and you will give them power of attorney to make withdrawals from the bank account. HR Block will put down on your tax return that you want your refund direct deposited into the bank account that you just authorized them to open. The IRS will direct deposit your refund into the bank account. HR Block (or its bank) will then immediately withdraw your refund from the bank account and use the money to repay the loan they gave you earlier. If, for any reason, the IRS does not direct deposit your refund into the bank account or deposits less than expected, then HR Block (or its bank) will pursue you directly to repay the loan.
Wiki User
∙ 15y ago
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Is a check for the refund of your deposit a correct sentence?
A correct sentence would have a verb and a subject such as: "This is a cheque for the refund of your deposit."
What happens to your stimulus rebate if the bank account that your tax refund was credited to is no longer open?
If they are unable to direct deposit it, they will mail you a check.
How can I get my tax refund back fast?
There's a couple ways you can get your tax refund back fast. You can go to a professional tax service that offers "refund anticipation loan." If you don't want to do that, you, you can offer direct deposit when you file so IRS can just electronically deposit your refund.
How soon does your tax refund come back with direct deposit?
Gdoyshxohxo
Can I direct deposit using the free Turbotax online?
Don't worry. If you had your refund direct deposited to your account, your refund will be direct deposited.
Is a check for the refund of your deposit a correct sentence?
A correct sentence would have a verb and a subject such as: "This is a cheque for the refund of your deposit."
What happens to your stimulus rebate if the bank account that your tax refund was credited to is no longer open?
If they are unable to direct deposit it, they will mail you a check.
Do I have to refund a deposit on a deal gone bad?
A deposit may be either refundable or nonrefundable, depending on the wording used in the contract. Read the contract, if it states that the deposit is nonrefundable then you won't refund it. Otherwise you will likely have to refund the deposit, as the absence of a nonrefundability clause is usually taken to imply that the deposit was refundable. If there was no written contract it might just be best to refund it to avoid an argument and remember to use a written contract with an explicit nonrefundability clause in it next time if you want to avoid refunding the deposit.
You had your tax refund direct deposit to your rush card will your stimulus payment be direct deposit too?
Only if you didn't have a refund anticipation loan or had any fees deducted from your refund. If either was the case, you'd be getting a check instead.
How can I get my tax refund back fast?
There's a couple ways you can get your tax refund back fast. You can go to a professional tax service that offers "refund anticipation loan." If you don't want to do that, you, you can offer direct deposit when you file so IRS can just electronically deposit your refund.
Can your girlfriend sign your name on your state refund and deposit into your bank?
NO
How soon does your tax refund come back with direct deposit?
Gdoyshxohxo
Can I direct deposit using the free Turbotax online?
Don't worry. If you had your refund direct deposited to your account, your refund will be direct deposited.
What day of the week does NC deposit refund?
i saw something that said on Fridays.
Consider Receiving a Direct Deposit?
Choosing to receive a direct deposit refund can reduce the amount of time you wait for a refund. With a direct deposit refund, the government will deposit funds right into one of your accounts within a few days. If you decide to receive a check from the government, you will have to wait at least two to three weeks to receive the check. Direct deposit saves you from the hassle of having to check the mail and make sure you have received your check from the government. In addition, the odds that your check is lost in the mail are eliminated.
How quick can you get your income tax?
If you mail your tax return to the IRS, and the IRS decides that it is complete and accurate, they will issue you a refund check or direct deposit within six weeks of the date they received your forms. If you file your return electronically, the IRS will issue your refund check or direct deposit within three weeks of the date they acknowledge your return. The fastest way to get your tax refund is to file electronically and request direct deposit. Please note that the Refund Anticipation Loans offered by some income tax preparers are loans, and not your refund. Your refund will go to the preparer to pay back the loan, including interest and fees.
What is a refund?
A split refund allows you divide your refund, in almost any proportion you would like, and direct deposit the funds into as much as three different accounts with U.S. banking institutions. Use Form 8888, Allocation of Refund, to request to possess your refund split.
