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Employee
January 15, 2020
712 helpful votes

About Refund Advance

While completing your taxes with TurboTax®, you may have the opportunity to apply for a Refund Advance provided by First Century Bank, N.A. Member FDIC1 on a Turbo® Visa® Debit Card issued by Green Dot Bank, Member FDIC. If eligible and approved for the loan, you will receive a $0 fee, 0% APR loan equal to a portion of your anticipated refund in one of six amounts: $250, $500, $750, $1,000, $1,500 or $2,000. This offer is available until February 7, 2020, or until available funds have been exhausted.

How fast can I get Refund Advance?

Once the IRS accepts your e-filed return and if you are eligible and approved for Refund Advance (a 0% APR loan with $0 loan fees) and the Turbo Visa Debit Card, you’ll be able to start spending online, typically within 48 hours of the IRS accepting your return.

After you’ve been approved for Refund Advance, we'll email you instructions to set up your Turbo Card account. Once your account is set up, you'll get temporary account details you can use to spend your refund advance funds online. We'll also send you a physical Turbo Card in the mail. It should arrive within 5-10 business days. You can use your Turbo Card anywhere Visa is accepted in the U.S.

Note: Once you activate your physical Turbo Card, your temporary account information will expire.

The rest of your refund (minus any TurboTax fees or other agreed upon fees) will be loaded on the same Turbo Card as your Refund Advance, typically within 21 days from IRS acceptance.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**