Refund Anticipation Loans (RALs)
A Refund Anticipation Loan (RAL) is a loan to you, the taxpayer, based on the amount of your anticipated tax refund. You receive the RAL proceeds typically within 24 hours or less after filing your tax return electronically.
When the IRS (or State taxing authority, if applicable) Direct Deposits your actual tax refund, the refund pays off the loan and any additional funds are given to you. If you have no prior bank product history still are eligible for full loans.
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