Does GreenDot Bank issue federal tax refunds?
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cloner3
New Member

Does GreenDot Bank issue federal tax refunds?

I received a check from Green Dot Bank and states it is my federal tax refund. I want to be sure this is legitimate
2 Replies
DoninGA
Level 15

Does GreenDot Bank issue federal tax refunds?

If you requested to have the TurboTax account fees deducted from your federal tax refund, the IRS will send the refund to a third party processor to have the fees and the service charge deducted. The third party processor will deduct the TurboTax fees plus the service charge and then attempt to direct deposit the remaining refund balance into the account that you entered on your tax return.

 

The third party processor is Santa Barbara Tax Products Group, a wholly owned subsidiary of Green Dot Bank

Critter-3
Level 15

Does GreenDot Bank issue federal tax refunds?

If they could not direct deposit the refund successfully then they convert it to a check mailed to the address on the tax return for an extra fee.  Check your account here : 

 

Santa Barbara Tax Products Group, LLC  (SBTPG) is the bank that handles the Refund Processing Service when you choose to have your TurboTax fees deducted from your refund. This option also has an additional charge from the bank that processes the transaction. 

                 

You can contact them SBTPG, toll-free, at 1-877-908-7228 or go to their secure website www.sbtpg.com 

https://ttlc.intuit.com/questions/2580357-who-provides-the-refund-processing-service

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