What is a Refund Transfer?

With a Refund Transfer (RT) your refund will be direct deposited from the IRS or State with Republic Bank. Before being disbursed to you, Republic Bank’s Refund Transfer Fees are deducted from the refund. Additionally, all applicable Transmitter, Service Bureau, Tax Preparation, Audit Fees and other amounts are deducted from the refund and automatically forwarded to the appropriate party as authorized by you on your Bank Product Application and Agreement.

The remainder of your refund is disbursed to you by a bank check printed at the tax office, direct deposit to your personal bank account, loaded to a Prepaid Card, or Walmart Direct2Cash.

How long does an RT take?

When you receive your refund depends on when the IRS or State releases the refund to Republic Bank.

Based on information published on www.irs.gov, the IRS issues most electronically filed refunds within 21 calendar days of IRS acknowledgment or within 6 weeks for paper filed returns. However, the IRS will not begin issuing refunds for Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC) related tax returns until February 15th. Visit www.irs.gov for details about your individual refund. Republic Bank & Trust Company does not guarantee whether, when or in what amount a tax refund will be issued. Once received by Republic Bank, your refund is immediately processed by deducting the amounts authorized by you and releasing the money according to the disbursement option you have chosen.

What else should I know?

  • You may choose to receive your refund as a Refund Transfer which is a fee-based product provided by Republic Bank & Trust Company.
  • A Refund Transfer is not necessary to obtain your refund.
  • If you have an existing bank account, you can file a tax return electronically and receive your refund by direct deposit within a similar time frame and without paying the additional fees associated with an RT.
  • If you choose a Refund Transfer, a Refund Transfer Fee and all other authorized amounts will be deducted from your tax refund.
  • If you choose a Refund Transfer, you will be charged a fee for your state refund or each additional funding. Please consult your tax preparer for specific details.
  • You may be charged a Transmitter Fee and/or a Service Bureau Fee. Please consult your tax preparer for specific details.
  • Tax preparation fees are determined by your preparer and disclosed to you on the Bank Product Application and Agreement.
  • Prepaid Card usage fees may apply. Consult your Cardholder Agreement for details.

Do you have any questions?
Would you like to set up an appointment? 

Office: 931-551-3074 
Email: kwiktax@charter.net