AccountNow, which is one of the prepaid card industries leading card providers has partner with ezTaxReturn.com this tax season to offer nearly 40 million consumers a reliable and inexpensive option for filing and receive their tax refund. About 40 million consumers in the United States are considered to be in the unbanked or underbanked category, which means they do not have a traditional banking relationship. This presents these consumers with less options when it comes to their financial stability. Prepaid credit cards can fill this void and provide these consumers with many of the benefits that traditional bank accounts offer and that credit cards offer. Prepaid cards are able to offer many of the same options, but without the risk, making it a safe option for those who can’t or don’t participate in the banking system as we know it.
Low income families often have to pay high fees for getting their taxes done and in many cases are not getting some of the credits they deserve, such as the Earned Income Credit. As a result, AccountNow and ezTaxReturn.com have formed their relationship and are providing consumers with an inexpensive way to file their taxes and an AccountNow prepaid card to receive their refund on. The companies claim, tax payers will be able to file and receive their refund within 8 days. Consumes will have the option to file their taxes at ezTaxReturn.com and AccountNow will be providing them with their refund on their tax refund card. Consumers will have to pay a fee for the service, but if they are not satisfied they will receive their money back. By receiving their refund on an AccountNow card, consumers will avoid having to pay an additional check cashing fee and they won’t have to wait for their refund in the mail.
The companies say on average most people should be able to complete their tax return and have it filed with the IRS in about 30 minutes. You can try the program out for free, and if you decide to use it then you will pay a fee. Again, anyone that is not completely happy with the service has the option to receive their money back, guaranteed. This sounds like a great option for the 40 million unbanked or underbanked consumers out there. Prepaid cards offer a variety of benefits such as direct deposit of your paycheck, the ability to make purchases, and pay bills.
No comments yet.