up to $6,0001,2,3,4,5,,5,7,8
Frequently asked questions
What is the Refund Advance?
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.
When is the tax Refund Advance Loan available?
The Refund Advance was available in participating Polydor Financial Services from the first week of January through ending of Feburary.
How much does it cost?
What are the criteria for approval?
You first must meet certain eligibility requirements such as having a sufficient tax refund from the IRS, and provide appropriate identification. You then submit an application to MetaBank, the lender. The bank will evaluate your application based on standard underwriting criteria and makes the decision to approve or deny your application.
Will Refunnd Advance affect my credit score?
No. The bank review your credit report as part of your application, but the review will not impact your credit score.
How quickly will I get the money if I am approved?
If your application is approved, in most cases, the funds will be available the same day you apply for the Refund Advance.
How do I get the money if I am approved?
The Refund Advance loan proceeds will be placed on the Check or FasterMoney Visa Prepaid Card is issued by MetaBank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Learn more about the FasterMoney Visa Prepaid Card here.
Can I have the tax advance transferred directly to my bank account?
How do I repay the Refund Advance if i am approved?
The amount will be deducted from your refund.
Where can I catch my Refund Advance check?
RA and RAL Full Disclosures
1 Tax refund and e-filing are required in order to receive bank product. Bank fees apply. Product terms and conditions are subject to change without notice. Program availability varies by software and state. The Refund Transfer is an optional tax refund-related product offered by MetaBank, Member FDIC. The Refund Transfer is not a loan. E-filing of tax return is required to be eligible for the product. Fees apply.
2 FasterMoney Visa Prepaid Card is issued by MetaBank, Member FDIC, pursuant to a license from Visa U.S.A. Inc.
IMPORTANT INFORMATION FOR OPENING A CARD ACCOUNT: To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens a Card Account. What this means for you: When you open a Card Account, we will ask you for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see a copy of your driver’s license or other identifying documents.
3 While this feature is available for free, certain other transaction fees and cost terms, and conditions are associated with the use of this Card. See cardholder agreement for more details. Feature available after identity verification is completed.
4 For each out-of-network ATM withdrawal, FasterMoney charges a $1.99 fee. Plus, the ATM owner may charge a fee.
5 Benefits like Social Security, Disability/SSI, Veterans or Civil Service payments.
6 Faster access to funds is based on comparison of traditional banking policies and deposit of paper checks versus deposits made electronically.
7 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, $1,000, 25%, 50%, or 75% of your expected tax refund from $500 - $6,000. Loans in the amounts of $500 and $1,000 have an Annual Percentage Rate (APR) of 0.00%. Loans in the amounts of 25%, 50% or 75% of your expected tax refund have an APR of 36.0% with a minimum loan of $1,250. For example, $2,500 loan representing 50% of expected refund borrowed over 25 day term, total amount payable in a single payment is $2,561.64 including interest. Availability is subject to satisfaction of identity verification, eligibility criteria, and underwriting standards.
8 Certain Refund Advance Loans are available at no cost to tax preparers and taxpayers, however other options include a marketing fee and consumer fee.
9 If you request a check, then a $25 check fee.