Income Tax Refund Anticipation Loans
Get Money Faster
Get money faster with Liberty’s e-filing system and our Refund Anticipation Loan (RAL)1 or Electronic Refund Check (ERC)1. After IRS acceptance, your income tax refund anticipation loan is available in as little as 1 business day.
Qualified Liberty Tax Service® customers can apply for a Refund Anticipation Loan (RAL). To qualify for a Refund Anticipation Loan, several requirements will be considered including the customer’s anticipated tax refund.
No Upfront Costs
If you choose a Refund Anticipation Loan (RAL) or Electronic Refund Check (ERC) there are no out-of-pocket payments required at the time of your tax preparation because all your fees can be withheld against the refund or loan amount.
When your loan is approved, tax preparation fees can be deducted from the loan amount and the balance of the loan is given to you. Your refund is used to pay back your loan.
How Do You Want Money?
Refund Anticipation Loan (RAL)- 24-48 hours; loan funds available through paper-check picked up in store or loaded on debit card2; no required out-of-pocket fees3; immediate e-filing of your return
Electronic Refund Check (ERC) - 8-15 days; funds available through direct deposit, paper-check picked up in store or debit card2; no required out-of-pocket fees3; immediate e-filing of your return
Electronic Filing (E-File)- 8-15 days (direct deposit)/15-22 days (checks mailed); electronic filing of tax return with IRS; funds available through direct deposit, check mailed, debit card2; immediate e-filing of your return
Paper Filing- 3-5 weeks (direct deposit)/4-6 weeks (check mailed), we prepare your return, you sign/mail/return paperwork to IRS, funds available through direct deposit, mailed check
Go Electronic
E-filing with Liberty offers the most up-to-date and rapid processing of your tax return. Liberty Tax Service is an authorized IRS e-filer.
Can’t find the filing option that fits your needs? Ask your Liberty Tax Service tax professional to explain all the product options available.
1 Loans are made by Republic Bank & Trust Company. All loans are subject to bank credit approval. Tax Refund Administration Fee and Finance Charge applies. In Maine, tax refunds can be obtained without a loan or extra fees if tax returns are electronically filed with direct deposit. You may be declined BY THE BANK issuing the loans. If the bank declines your application for a RAL then you will automatically be converted to an ERC. There is a fee associated with the check and tax refunds can be obtained without a loan or extra fees if tax returns are electronically filed with direct deposit. For information on why the bank declines an application, you must contact the bank directly. See the contact information on the bank product application. If you have a prior unpaid debt in connection with a loan from any service bank, you should only apply for a RAL or ERC if you want the RAL to be declined and converted into an ERC, and, in either case, you want your tax refund proceeds to first pay off the prior unpaid debt and then the balance, if any, after fees, to be paid to you by an ERC check issued in our office. Your bank product application will authorize this payment. ”
2 Valid at participating offices. Application fee applies.
3 Bank fees are charged. If we perform tax preparation services for you and you elect to receive a RAL or ERC, you may either pay for the tax preparation services at the time such services are performed or pay later by an automatic deduction to the tax refund at the time it is received by the bank.
