Rapid Cash can process your taxes at any of our office, and as a registered IRS E-FILER, we transmit your tax return electronically so you get your refund as fast as possible.
Get the benefit of your tax money when you need it!
Fast RAL (Refund Anticipation Loan)
Fast, usually 24 hours or less, But if you File by 11am, your Loan can be ready by 7pm that day!
With a Refund Anticipation Loan (RAL), you don’t have to wait weeks to get your tax refund. A RAL is a loan made by a bank, based on the amount of your Federal tax refund. You can have a RAL check within 24 hours after we file your tax return electronically, and may also qualify for an advance up to $500 till you recieve your refund.
When you’re approved for a RAL, the bank will automatically set up a Bonus Account to receive your refund. When your refund is ready, the IRS deposits it to the bank by direct deposit. The refund pays off the RAL, and any additional funds are provided to you in a second check from our tax office.
Tax preparation fees can be deducted from the loan amount, so you do not have to pay any up-front preparation fees. You pick up your RAL check at our office and we a standard fee you can walk out with cash in hand. Get up to 100% of Earned Income Credit at no additional charge.
Instant Refund Anticipation Loan
Fast as Fast Can Be, Mini-Loans in 10 Minutes!
You pay nothing up front as the fees are withheld from your refund. Based on Bank Criteria, if your refund exceeds $2,250, you may qualify for a Mini-Refund Loan up to a maximum of $1,250 (less tax preparation, application & bank fees). Since this loan is made prior to IRS accepting your tax return, it is a higher risk loan with higher loan fees and as a result, fewer clients will qualify for this loan compared with the Refund Anticipation Loan.
If you do qualify, you will receive a check in our office in about 10 minutes after your return has been completed.
Since this loan is limited to $1,250, you can receive the balance of your refund as either an Electronic Refund or a Refund Anticipation Loan. If your Instant Refund Anticipation Loan is declined, the higher loan fees will be removed & you will be automatically considered for a Refund Anticipation Loan and may still receive your loan in 24 hours or less.
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