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Reimbursement Anticipation Checks

Reimbursement Anticipation Checks

Refund anticipation checks (RACs) are another tax-time product that is financial by RAL banks along with some other finance institutions.

With RACs, the lender starts a bank that is temporary into that your IRS direct deposits the reimbursement check. The consumer a paper check or prepaid debit card with the RAC proceeds, or direct deposits the refund to the taxpayer’s own account and closes the temporary account after the refund is deposited, the bank issues.