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Have you ever used a refund anticipation check?
Have you ever used a refund anticipation loan, or a refund anticipation check?
Unbanked customers may also consider a "refund anticipation check," -- but only if it's free, Ms. Wu said.
Banks typically charge $30 to $55 for a refund anticipation check, and tax preparers add on their own fees, ranging from $25 to hundreds of dollars.
This year, for example, the report said, H&R Block charges $24.95 for a refund anticipation check delivered on its Emerald Card; $34.95 if delivered by direct deposit to another bank account; and $54.95 if delivered by paper check.
Fees for the refund anticipation check and for tax preparation are paid out of the account, and the customer then gets a check, or a prepaid card, for the balance.
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Some firms also offer a related item called refund anticipation checks.
The fees can be significant for the lower-income consumers who tend to use refund anticipation checks.
H&R Block, which stopped offering the refund anticipation loans last year, is offering free refund anticipation checks until Feb. 4, if customers get their refunds on Block's prepaid Emerald Card.
Refund anticipation checks aren't any faster than a direct deposit of a refund into a bank account, but they allow customers pay for their tax preparation fee out of their refund, instead of paying it upfront.
Phelan, whose team is 4-4 over all and 2-2 in the Northeast Conference, is curious to see Whitaker in action, but has been able to keep his anticipation in check.
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CEO of Professional Science Editing for Scientists @ prosciediting.com