Refund Transfer definition

Refund Transfer means a banking service offered by Bank under the Program in which Program Customers receive income tax refunds under the Program in a limited-use deposit account via direct deposit from the U.S. Treasury, from which amounts authorized by Program Customers are deducted and as further described in Schedule B (Refund Transfer Product Schedule).

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Refund Transfer means a limited-purpose deposit account offered to Taxpayers by an unaffiliated, third-party financial institution, for a fee, through which Taxpayers’ federal and, if applicable, state tax refund proceeds are deposited by the taxing authority and disbursed to the Taxpayer net of Taxpayer authorized fees and, if applicable Bank Product repayment amounts. A “Deposit Account” means a limited-purpose deposit account offered at no cost to Taxpayers by an unaffiliated, third-party financial institution, through which Taxpayers’ federal and, if applicable, state tax refund proceeds are deposited by the taxing authority and disbursed to the Taxpayer net of Bank Product repayment amounts;

Refund Transfer or "RT" means a tax refund-related deposit product offered in Retail Locations and the Digital Channel under the Program through a Refund Account established to receive a Refund Transfer Accountholder's federal and/or state income tax refund, from which payments are disbursed as directed by the Refund Transfer Accountholder, and the remaining proceeds, if any, are disbursed to the Refund Transfer Accountholder through various methods including direct deposit

Examples of Refund Transfer in a sentence

• You are not required to return to H&R Block for income tax preparation or to purchase a Refund Transfer at that time to be eligible for the Emerald Advance.

• This fee will be withheld from the Customer’s refunds and included in their Refund Transfer disclosures, as applicable.

• If you obtain a Refund Transfer, your fees are not due until after all services are complete, which is typically when your refund is received and your authorized payments are disbursed, but in any event, no more than 30 days after your tax return is e-filed.

• If you choose to return to H&R Block for income tax preparation, you have two options to pay your Emerald Advance down to zero using your refund: (1) you may purchase a Refund Transfer, direct your tax refund to, and authorize the pay down of your Emerald Advance from, the related Refund Account, or (2) open a no-fee Repayment Account, direct your tax refund to, and authorize repayment of your Emerald Advance from, that Repayment Account, and disburse the remaining proceeds to your Emerald Card.

• As used in this Refund Transfer (RT) Application and Agreement (“Agreement”), the terms “you” and “your” refer to the person signing below as the “Taxpayer” (or, if a joint return is being filed, both “Taxpayers”).

• If a ▇▇▇▇▇▇ Regulatory Event occurs, EFS shall have the right, in its sole discretion, to terminate this entire Agreement, or any of the Product Schedules with respect to Emerald Advance, Emerald Card or Refund Transfer, upon thirty (30) days' prior written notice to Bank.

• A description of the Refund Transfer product is set forth in Schedule B (Refund Transfer Product Schedule).

• Additional fees apply with Earned Income Credit and you file any other returns such a city or local law tax returns, or character you enjoy other products and services such fancy Refund Transfer.

• If you are not approved for a Refund Transfer, the service fee to prepare and file your return will be due prior to the completion of your return.

• If you choose to return to H&R Block for income tax preparation, you agree to either (1) purchase a Refund Transfer, direct your tax refund to, and authorize repayment of your Emerald Advance from, the related Refund Account; or (2) open a no-fee Repayment Account, direct your tax refund to, and authorize repayment of your Emerald Advance from, that Repayment Account, and disburse the remaining proceeds to your Card Account.

More Definitions of Refund Transfer

Refund Transfer means the direct deposit of your Refund to your Refund Account, the disbursement of payments from the Refund Account as you authorize and direct, and the disbursement of any balance of the Refund Account to you.

Refund Transfer or "RT" means a tax refund-related deposit product offered in Retail Locations and the Digital Channel under the Program through a Refund Account established to receive a Refund Transfer Accountholder's federal and/or state income tax refund, from which payments are disbursed as directed by the Refund Transfer Accountholder, and the remaining proceeds, if any, are disbursed to the Refund Transfer Accountholder through various methods including direct deposit to an external bank account or Emerald Card, or by check, as further described in Schedule B (Refund Transfer Product Schedule). For the avoidance of doubt, the term "Refund Transfer" includes any Refund Transfers and the associated Refund Accounts transferred from Axos to Meta pursuant to the Purchase Agreement.