Federal Refund Anticipation Check1 (Federal RAC)
You could get money quickly and conveniently with an H&R Block Bank Refund Anticipation Check. You could get up to $9999 FAST1 with a Federal RAC and pay nothing out of pocket at the time of your tax preparation. A Federal RAC offers you a convenient way to receive money faster than a mailed federal refund check from the IRS when H&R Block prepares and electronically files your taxes. Receive the balance of your refund, minus fees, on an H&R Block Emerald Prepaid MasterCard®2, Direct Deposit or check in approximately 7 to 14 days from IRS acceptance of your efiled tax return.
Benefits of a Free Federal RAC:
Receive up to $9999 FAST!(equivalent to the amount of your federal tax refund, minus fees).
Pay nothing out of pocket, have tax preparation fees deducted from your RAC funds
Typical release of RAC funds to you in 7-14 days
Multiple methods of disbursement are available (Direct deposit, H&R Block Emerald Prepaid MasterCard®2 or check ($20 additional fee for check))
State Refund Anticipation Check3 (State RAC)
A State RAC enables you to receive money faster than getting your state tax refund from a mailed tax return. You can receive your state RAC via the disbursement option you selected for your federal RAC when H&R Block prepares and electronically files your taxes.There is a $13 State RAC fee.
Learn More About Your Tax-Refund Related Product Options
H&R Block Emerald Prepaid MasterCard®
When you get your taxes prepared at an H&R Block tax office, you can load your tax refund or FREE Refund Anticipation Check (RAC) directly onto the Emerald Card ® and use your card anywhere Debit MasterCard® cards are accepted. This year you could save money and avoid expensive check-cashing fees.
Benefits of the Emerald Prepaid MasterCard®
Make purchases anywhere Debit MasterCard ®cards are accepted including online retailers.
You can get cash back for FREE when you make purchases at everyday merchants like grocery, discount or pharmacies
You can avoid ATM owner surcharge fees by using the Allpoint ATM network4
Get access to your pay faster with payroll direct deposit
1Comparison based on mailed check from IRS, which normally arrives 18–25 days after IRS acceptance of your return. Normal time to receive a Refund Anticipation Check (RAC) is 7–14 days after IRS acceptance. Provided by H&R Block Bank, a Federal Savings Bank, member FDIC. Fees apply. You must meet legal requirements for opening a bank account. A RAC is a bank deposit, not a loan, and is limited to the size of your refund less applicable fees. You can electronically file your return and receive your refund without a RAC, a loan or extra fees. H&R Block Maine License Number: FRA2. Available at participating offices. ©2012 HRB Tax Group, Inc.
2 The H&R Block Emerald Prepaid MasterCard is issued by H&R Block Bank, a Federal Savings Bank, Member FDIC, pursuant to a license from MasterCard International Incorporated. Fees may apply. MasterCard is a registered trademark of MasterCard International Incorporated. Emerald Card is a trademark of HRB Innovations, Inc. This product may not be available at some locations.©2012 HRB Tax Group, Inc.
3Availability of funds vary by state. Funds will be applied to your selected method of disbursement once they are received from the state taxing authority.
4 If you use an ATM not owned by us for any transaction, including a balance inquiry, you may be charged an additional surcharge fee by the ATM operator even if you do not complete a withdrawal. Surcharge fees are generally $1.50 to $3.00. When you use an Allpoint ATM, you avoid this fee. ATM fees noted in your cardholder agreement still apply.