Do You Expect A Tax Refund? NexTax offers several Options.
Refund Anticipation Loan (RAL)
An RAL is actually a bank loan which allows you to receive funds in less than 48 hours, and in many cases the same day. The amount of your refund is reduced by service and bank fees. Since this is actually a loan, there is a chance the bank may reject the loan application. The funds can be directly deposited or check printed by NexTax. Note: Due to the 2009 financial crisis, RALs may have limited availability in 2010.
Refund Transfer (RT)
The RT is the preferred way of processing your refund, as it is less expensive than an RAL and usually is received within 8 to 16 days. This is not a loan, so there are no bank fees and it cannot be rejected. Your refund is processed by the IRS and directly deposited into your bank account.
US Mail
Although we do not recommend it, you always have the option for the IRS to process your tax return and mail your refund to you. This can take up to two or three months before you see the check in your mail box.