Don’t want it snail mailed?
Don’t want it laying in your mailbox?
Don’t want to pay a hefty fee for cashing it ?
Don’t have a traditional bank account for direct deposit?
A solution is in the works to get your tax refund expeditiously loaded on a new full-service reloadable prepaid card account.
American Express and Intuit are enabling many tax preparers to register you for the new option during the tax return preparation process. Clients can receive their eligible IRS refund onto their new American Express Serve Card as soon as the funds are transferred from the IRS.
American Express Serve is a full-service reloadable prepaid account that does not require a credit check, includes free ATM withdrawals at over 24,000 ATMs nationwide, free Direct Deposit, free online bill pay, and free Mobile Check Deposit for a monthly fee of $1 that can be waived with Direct Deposit.
With Serve, clients will also be able to access a number of features including the ability to set money from their IRS refund aside for future purchases in a linked Reserve account, spend using their permanent Serve Card virtually anywhere American Express Cards are accepted and withdraw funds using the MoneyPass ATM network.
When tax preparers renew or purchase Intuit’s ProSeries and Lacerte they can enroll to offer their clients the ability to apply for an American Express Serve Card and to have their federal refund directed to that Card. The process is easy and automated and eligible clients will receive a permanent Serve Card in the mail as soon as they are registered by the tax preparer and their application is approved. Their refund will be directly added to their new Account once the funds are transferred from the IRS.