Jackson Hewitt Refund Advance

[ATSMAN]

I just heard from a client whose her sister works at Walmart that JH is offering $200 refund advance right now via a prepaid card?

I thought no one was offering refund advance anymore?

Anyone else heard of this.

[MDEA]

refund advance

H&R has offered $500 for years only about 10% of the people receive it. You must have excellent credit.

[David1980]

I suspect every year there's at least some people doing these things. This year I received marketing emails from Refundo on a $500 advance they do.

Jackson Hewitt is advertising the $200 advance on their website. http://offers.jacksonhewitt.com/tax-...rn-advance-200
I can't tell if they advance the $200 today (prior to transmitting the return) or if the $200 comes when they get an acknowledgement back from IRS (which of course would be more like January 20th). But it is a real thing, at any rate.

[ATSMAN]

I went to the JH website and found this:

Wouldn't it be great to get $200 to help pay off some of those holiday
bills? Go to a Jackson Hewitt® office and let us prepare your tax
return. You could get a $200 Advance on your tax refund - with 0%
interest, no credit check and high approval rates. When you file with
us and if your refund is at least $1,000 you'll qualify to apply for a
$200 Advance. Offer not available in Illinois, Nevada & North Dakota.

AVAILABLE IN STORE ONLY. STARTING JANUARY 2, 2015.

So no credit checks as long as you get at least $1,000. Wonder how they underwrite the risk?

Perfect for those EITC tax returns!

[MDEA]

refund advance

REFUNDO cost the preparer $50.00 for every bank product funded. I do over 750 bank returns I would be paying $37,500 to help underwrite the $500 advances to my clients.I did not think I would gain that much added business to pay the fees.

[ATSMAN]

REFUNDO cost the preparer $50.00 for every bank product funded. I do over 750 bank returns I would be paying $37,500 to help underwrite the $500 advances to my clients.I did not think I would gain that much added business to pay the fees.

Did the Refundo price go up for 2015? I thought it was flat $27.

[MDEA]

refund advance

If you want to participate in the refund advance the price went up $50 per bank product. If not it stayed the same.

[ATSMAN]

Thanks. Got it.

Are any taxpayer ever denied the advance refund, since they do not check credit?

[MDEA]

refund advance

Don't know decided to stay with River City Bank no advance payments. Could do myself if there were not so many laws to comply with.