H. Prepaid Cards
To be able to make use of the speed of IRS’s typical eight- to refund that is fifteen-day taxpayers should have a banking account into that your reimbursement could be direct deposited. Taxpayers without having a banking account should always be motivated to start a free account to get their reimbursement, but there are some other options too. Taxpayers with out a bank-account may have their reimbursement deposited to a prepaid credit card, including any existing payroll or reloadable prepaid card that the taxpayer currently has.
Last year, the U. S. Department of Treasury conducted a pilot task providing 600,000 low-cost cards that are prepaid families whom might not have had a bank-account to get their income tax refunds. 52 Customer advocates supported the Treasury pilot, together with hoped it might be expanded nationwide in 2012.
