What is a Refund Transfer?
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
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?
You may choose to receive your refund as a Refund Transfer which is a fee-based product
provided by Republic Bank & Trust Company.
A Refund Transfer is not necessary to obtain your refund.
If you have an existing bank account, you can file a tax return electronically and receive
your refund by direct deposit within a similar time frame and without paying the additional
fees associated with an RT.
If you choose a Refund Transfer, a Refund Transfer Fee and all other authorized amounts
will be deducted from your tax refund.
If you choose a Refund Transfer, you will be charged a fee for your state refund or each
additional funding. Please consult your tax preparer for specific details.
You may be charged a Transmitter Fee and/or a Service Bureau Fee. Please consult your
tax preparer for specific details.
Tax preparation fees are determined by your preparer and disclosed to you on the Bank
Product Application and Agreement.
Prepaid Card usage fees may apply. Consult your Cardholder Agreement for details.
What are the benefits?
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
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.
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.
You can file your tax return electronically and have the IRS or state issue your tax refund
directly to your existing account without applying for an Easy Advance.
According to the IRS, if you file a tax return electronically and do not obtain an Easy
Advance, you can expect to receive a tax refund within 21 days by direct deposit or mail.
However, the IRS will not begin issuing refunds earlier than February 15th for Earned
Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC) related tax returns. If you
mail your return and do not obtain an Easy Advance, you can expect to receive a tax
refund within 6 weeks by direct deposit or mail.
To receive an Easy Advance, you are not required to choose a Refund Transfer.
To be eligible for the Easy Advance, your expected Federal refund must be above the set
minimum threshold after any fees you have authorized are deducted. Additionally, your tax
return and credit bureau information will be evaluated to determine the likelihood that it
will be funded by the IRS. Your application for the Easy Advance may be denied if you
have any delinquent child support or outstanding unpaid taxes, student loans or other
If approved, repayment of the Easy Advance loan amount and Finance Charge is due upon
receipt of your 2018 tax refund from the IRS and/or state taxing authority, which will
reduce the amount of your refund received from the IRS and/or State. The remainder of
your refund will be disbursed to you in the same manner you select on your Bank Product
Application and Agreement.
LOAN AMOUNT FINANCE CHARGE APR
$6,000 $104.00 24.33%
$3,000 $76.44 35.77%
$2,000 $50.96 35.77%
$1,500 $38.22 35.77%
$500 $12.74 35.77%
You may rescind the Easy Advance within 48 hours of your receipt of the Easy Advance
proceeds by contacting Republic Bank at 866-581-1040.
If declined, you will not be charged a Finance Charge for the Easy Advance and your tax
refund will still be routed to Republic Bank and disbursed to you in the same manner you
select on your Bank Product Application and Agreement. If declined and you applied for an
Easy Advance and Refund Transfer, you will still receive and be charged for the Refund
Your tax preparer pays a fee to Republic Bank & Trust Company for each approved Easy
Advance. Your tax preparer is prohibited from passing this fee on to you.
The IRS and/or state taxing authority do not guarantee the amount or time of payment of
An Easy Advance may cost more than other sources of credit. Before applying for an Easy
Advance, you should consider whether an Easy Advance is consistent with your personal
needs and financial circumstances.
Disbursement Method Information:
If you choose an Easy Advance without a Refund Transfer, then the disbursement options
available for you to receive your Easy Advance proceeds and tax refund are Direct Deposit
or Prepaid Card3.
If you choose a Refund Transfer in addition to the Easy Advance, your disbursement
options are Bank Check; Direct Deposit; Prepaid Card; or Walmart Direct2Cash4. You will
receive both the Easy Advance and Refund Transfer proceeds by the same disbursement
If you choose a Prepaid Card and are approved for an Easy Advance a $5 monthly Plan fee
will begin 30 days after receipt of the Easy Advance proceeds and your first Over the
Counter Cash Withdrawal Fee will be waived.
Important Information for Joint Filers:
All Easy Advance applications are on an individual basis so only one taxpayer can apply.
It is solely your choice in determining who applies for the Easy Advance.
Only the applicant’s name will appear on the Easy Advance check.
For additional information about tax refund processing, please consult www.irs.gov or the
applicable tax authority’s website.
Go to www.joinbankon.org for information about low-cost “starter” or “second chance”
bank accounts and access to financial education resources.
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 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.
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.