How soon can I get my tax refund using a Refund Transfer?

Generally less than 21 days. First you prepare and electronically file your tax return. The IRS must then accept your return, which takes about 24-48 hours. When the IRS approves your refund, your refund is deposited with the bank. The bank then deducts the tax preparation fee and the Refund Transfer processing fee. Using direct deposit, the bank will deposit the balance of your refund directly to your bank account.

According to the IRS website most refunds are disbursed in less than 21 days. Refund Transfer is a deposit product offered by Green Dot Bank, Member FDIC, that enables authorized amounts to be deducted from taxpayer’s refund, with the remaining balance then paid to the taxpayer. Fees apply. Refund Transfers are not loans. Tax refund and e-filing are required to receive Refund Transfer. Terms and conditions are subject to change without notice. Visit www.irs.gov/filing about other IRS e-file options, some of which are provided at no additional cost.