A Refund Transfer is a financial service provided by banks that lets taxpayers cover their filing fees using their federal tax refund, rather than paying upfront. This option is available only if you choose to e-file your return and are expecting a refund. Bank transfer products are optional.
FileYourTaxes.com is a tax software company that allows taxpayers to construct their tax return to be e-filed and transmit their refund with transfer services. The bank transfer & refund settlement products we offer a third party service provided by Santa Barbara Tax Products Group, LLC("SBTPG"), a division of Green Dot Corporation, and Green Dot Bank ("Bank"). SBTPG and Bank handle the administration of your refund. This service allows taxpayers to file their tax return without needing to pay for our service fees upfront. If opted into this service, taxpayers will need to refer to SBTPG when seeking updates on the progress of their refund.
There is a $29.95 Refund Processing Fee for a refund Transfer, in addition to any existing service fees associated with your tax return.
How to apply for refund transfer products on FileYourTaxes.com
1) Sign the Consent to Use Of Tax Return Information agreement. This will be shown at the beginning of the construction process and if needed, it can be added later by searching Consent to Use Of Tax Return Information in the search tool.
2) To apply this service, you must complete all the required fields to reach the Checkout Summary page in your tax return. Select Use my refund.
3) Provide additional personal information, read and sign a Consent to Disclosure Of Tax Return Information agreement and a Consent To Conduct Business Electronically. Confirm the banking information required by the bank in order to process the refund transfer.
4) Once the bank requirements are completed, the return can be e-filed.
Important note:
- When applying for a Refund Transfer (RT), the application is processed by Santa Barbra Tax Products Groups (SBTPG).
- FileYourTaxes.com is not the provider of refund transfer products, therefore our role is limited to the transmission of the Refund Transfer application. The application is submitted and processed by SBTPG. Once processed and approved, SBTPG pays us our service fee and disburses the remainder of your refund.
- This is an optional but convenient payment and disbursement option.