![]() ![]() You can do that online at the prepaid card’s website or via the prepaid card’s mobile application. Whether you have a temporary prepaid card or a permanent card with your name printed on it, the next step is to activate your prepaid card. You can also visit the prepaid card’s website and request a permanent card, which will have your name printed on it. Upon activation, they will mail you a permanent card with your name on it within 7-10 business days. If you are purchasing a prepaid card from the store, you will purchase a temporary card, which you will have to activate online. You can pick up a reloadable prepaid card at retail stores like Walmart, Target or Best Buy or at Pharmacies like CVS, Walgreens, Rite Aid, and grocery stores like Kroger and Safeway. You will need to purchase a reloadable prepaid debit card, with your name printed in front of the card.Ī reloadable prepaid card is a prepaid card that you can add money to after the initial amount loaded on the card is spent.įor a list of reloadable prepaid cards, click here. The first step is to get a prepaid debit card. Step 1: Purchase or Request your Prepaid Debit Card Here’s the step by step process to get your tax refund via a prepaid card. Setting up direct deposit of your tax refund to a prepaid card no different than setting up direct deposit of a paycheck to a bank account. Third, if you do not have a bank account, getting your refund through a prepaid debit card helps you avoid expensive check-cashing fees.įinally, with a prepaid debit card, you can get access to your tax refund faster than waiting for a check to clear. That is why the IRS recommends e-file with direct deposit to an account. Second, a prepaid debit card is more secure than getting a check in the mail.Įach year, thousands of refund checks are returned to the IRS each year as undeliverable due to address issues. Here are the reasons why getting your tax refunds via a prepaid debit card is better than receiving a check in the mail.įirst, you can get your refund much faster, typically in about 8 to 10 days when you set up your refunds to be direct deposited on your prepaid debit card versus a check in the mail. Why Tax Refunds on Prepaid Card is Better than a Check We will walk you through a step by step process on how to receive your refunds using a prepaid card. However, if you do not have a bank account, the other option of receiving your refund is through a prepaid debit card. If you have a bank account, you can set up a direct deposit when you file your taxes and have your refunds deposited into your bank account. This is the fastest way to get your refunds and the money could be in your account in as little as two weeks. ![]() Second, you can receive your IRS or state refunds electronically through Direct Deposit into an account. However, this is slow and there is fear that checks could get lost in the mail, further delaying your refunds. There are two ways to receive your tax returns.įirst, you can receive your refunds by check. Getting Your Tax Refund on a Prepaid Card ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |