Refund Anticipation Loan
A refund anticipation loan (RAL) is a loan given in anticipation of a tax refund being deposited by the IRS. After your return has been prepared, electronically filed and accepted by the IRS, the bank will process the RAL request. If approved, any authorized fees will then be subtracted by the bank, and either a Direct Deposit will be made to your bank account or a paper check will be made available to you. The best part is that this process takes less than 24 hours. All fees, including finance, processing and preparation are withheld from the loan. Once the refund is directly deposited by the IRS at the bank, the loan is paid off.
Rapid Refund Anticipation Loan
With a Rapid Refund Anticipation Loan , you can receive a same day partial refund. You will receive the remainder of their refund in 7-10 days.
QIK RAL is a product that provides you an instant loan decision and same day partial disbursement of the refund. The application decision occurs prior to any acceptance or acknowledgement returned by the IRS. Results of the QIK RAL applications are available in my office in minutes. At the time the QIK RAL is approved, you will receive a same day partial refund. You will receive the remainder of their refund in 7-10 days
Refund Anticipation Check
After your return has been prepared, electronically filed and accepted by the IRS, a deposit will be made to the bank. Any authorized fees will then be subtracted by the bank, and either a Direct Deposit will be made to your bank account or a paper check will be made available to you. This will take approximately 7-10 days, depending on when the return was filed. The best part is that all fees, including finance, processing, and preparation, are withheld from the QIK Fund.