Check Cashing Alternatives
Transcription
Check Cashing Alternatives
Check Cashing Alternatives Tax professionals can now provide clients with a variety of flexible disbursement options. In addition to the traditional printed check and ACH direct deposit options, taxpayers can receive funds in cash at a Western Union Agent location or at any ATM or POS using the SBBT Cash Card. No other bank offers as many innovative disbursement options. These options give your unbanked clients the opportunity to conveniently receive funds without the higher fees associated with check cashing establishments. R Western Union R RAL funds are available in cash at a participating Western Union (WU) Agent location within 30 minutes of IRS acceptance and bank approval, and RT funds are available within 30 minutes of IRS funding. Your client walks out the door of a participating WU with cash in hand. In the case of multiple disbursements, your client goes to any participating WU Agent without needing to return to your office. Help your clients avoid higher check cashing fees. Click the WU link on our Customer Information Support Center (CISC) website at www.sbbtral.com to search for the nearest participating WU agents. Benefits Features Access to funds securely and easily obtained by presenting Government issued ID/SSN to the WU agent Secure and Easy WU program's special fee schedule is much lower than typical check cashing fees Low Fees Choose from thousands of participating WU agents nationwide Convenient Taxpayer doesn't have to return to your office to pick up a check Reduce Office Traffic Western Union Fee Schedule R $1-250 $12 $251-500 $16 $501-1,000 $19 $1,001-2,000 $23 $2001-3,750 $27 $3,751-5500 $30 Program and pricing subject to change at SBBT or WU's discretion. SBBT Cash Card (Stored Value Card) The SBBT Cash Card acts like an ATM/debit card. Customers may withdraw funds at any ATM nationwide, or use the Cash Card point of sale (POS) at any location nationwide that are a part of Cirrus, Maestro or Star Systems. Cash Cards are provided upon request to tax professionals before the tax season begins. Each Cash Card comes in a sealed envelope that includes an access PIN and disclosures. You provide the client with the Cash Card before they leave your office. (In the case of multiple disbursements, all disbursements are loaded onto the same Cash Card so your client doesn't need to return to your office.) Benefits Features Funds ready within minutes Funds available within 30 minutes of RAL approval or within 30 minutes of state or federal funding for RTs Easy for multiple bank product disbursements Convenient withdrawal May be used at any ATM or point of sale (POS) terminal that supports Star, Cirrus or Maestro systems High daily withdrawal limits Safe Cash Card can accept multiple loads from SBBT without requiring the client to return to the tax professional's office Client may withdraw up to $5,500 per day. (Multiple transactions can occur at the same machine or other ATMs) Client is not required to withdraw cash in one lump sum. PIN protected to prevent misuse of stolen or lost cards ATM or POS fees apply. Program and pricing subject to change at SBBT's discretion. E-Filing Financial Ser vices P.O. Box 1390 . Solana Beach, CA 92075 800.779.SBBT [7228] . fax 858.622.4098 CISC/website: www.sbbtral.com