Are 1st time turbo tax users given the option for a refund advance

[bluedeb · Accepted solution]

Yes, if you qualify.  You must e-file your return and choose the Refund Advance option before you transmit your return.

• If you’re receiving a federal refund, you could be eligible for a Refund Advance on a Turbo® Visa® Debit Card issued by GreenDot Bank, Member FDIC. If approved, you will receive temporary card info for online use within 48 hours of the IRS accepting your e-filed federal return. This temporary card info will work for 15 days or until you activate your physical Turbo® Visa® Debit Card, which will arrive in 5 to 10 business days of IRS acceptance and loan approval. 0% APR & $0 loan fees. This offer is available until February 7, 2020, or until available funds have been exhausted, whichever comes first. Availability subject to change without further notice.

Refund Advance is a loan based upon your anticipated refund and is not the refund itself. To apply for the Refund Advance, you must file your taxes with TurboTax. Availability of the Refund Advance is subject to satisfaction of identity verification, certain security requirements, eligibility criteria, and underwriting standards. Refund Advance is provided by First Century Bank, N.A., Member FDIC, not affiliated with Intuit or Green Dot Bank, Member FDIC.

Separate fees apply if the taxpayer selects a Refund Transfer. A Refund Transfer is not required for the Refund Advance loan.

• Not all consumers will qualify for a loan or for the maximum loan amount. If approved, your loan will be for one of six amounts: $250, $500, $750, $1,000, $1,500 or $2,000. Your loan amount will be based on a portion of your anticipated federal refund. You will not receive a final decision of whether you are approved for the loan until after you file your taxes. Loan repayment is deducted from your federal tax refund and reduces the subsequent refund amount paid directly to you.