![]() Not all consumers will qualify for a loan or for the maximum loan amount. note the term "typically" is used and it not a guarantee. read the details in the contract you signed. I believe Green Dot is even issuing new Turbo Visa Cards, which are still being offered to some non-Refund Advance customers, as online bank accounts instead of prepaid cards.)Īlthough you could be pre approved for the advance only the bank can actually approve it after you file the return. (Most tax debit cards are moving to online bank accounts this year for regulatory reasons as well as the likely future use of refund direct deposits for stimulus checks, advance CTC payments, etc. Though that was appropriate for the Turbo Visa prepaid card (reloadable but commonly disposed of after the refund is spent), it's not really appropriate for CK Money Spend which is an online bank account similar to Chime or Varo. (That's also why CK Tax, which was sold to Square / Cash App then to gain antitrust approval for Intuit buying CK, wasn't rebranded Cash App Taxes till this year.) Though CK is now part of Intuit, it remains fully separate from TurboTax.Īlso, TurboTax carried over its long-standing practice of requiring a new card for Refund Advance every year. The changeover is related to Intuit's purchase of Credit Karma, which occurred in late 2020 too late to be fully implemented last tax season. Perhaps part of the confusion is that the IRS wasn't supposed to officially accept returns till today, though it's normal for the IRS to approve certain early-filed TurboTax returns ahead of the official launch date. It is indeed First Century Bank that approves or denies the Refund Advance loan. Not to mention I also called first century bank who told me I wasn’t denied … I still have no legit answer or reasoning to why I was denied after ten years of approval same job same situation higher credit score Once again I have never been denied so I truly feel like it’s an error and something wrong with the credit karma and turbo tax deal. ![]() He just doesn’t see the normal code for people who have received the advance today. I was not only made to get a credit karma card when I already have the turbo tax card from previous years but a gentle man finally just told me I was denied… I asked the reasoning and he said he couldn’t tell me. I called today 1/24/22 twenty times and got transferred back and forth between turbo tax and credit karma who both seems to have conflicted information on who approves or denies the refund advance. This year it’s accepted my return on Friday 4:30 pm 1/21/22 and I did not receive the advance like I normally would within the hour or two. I have been doing taxes in turbo tax for 10 years now and have always got a refund advance when the irs accepts my return. It’s the worst thing they have ever done. I just want to give my persons opinion on the usage of credit karma teaming up with turbo tax this year.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |