Federal Refund Anticipation Check1 (Federal RAC)
With our Federal RAC, your fees are deducted from your tax refund. It's a quick and convenient way to get all the money you deserve without having to pay up front. Receive the balance of your refund, minus fees, on an H&R Block Emerald Prepaid MasterCard®2, Direct Deposit or check in approximately 8 to 21 days from IRS acceptance of your efiled tax return. Also, get a $10 discount on your Federal RAC when you place your refund on an Emerald Card®.
Benefits of a Federal RAC include:
Pay nothing out of pocket, have your fees deducted from your RAC refund
Typical release of RAC funds to you in 8-21 days
Multiple methods of disbursement are available (Direct deposit, Emerald Card®2 or check ($20 additional fee for check))
$10 Discount on your Federal RAC when placing your refund on your Emerald Card®
State Refund Anticipation Check1 (State RAC)
A State RAC also allows you to get all the money you deserve without having to pay up front. You can receive your state RAC via the disbursement option you selected for your federal RAC when H&R Block prepares and electronically files your taxes. There is a $13 State RAC fee.
Learn More About Your Tax-Refund Related Product Options
H&R Block Emerald Prepaid MasterCard®
When you get your taxes prepared at an H&R Block tax office, you can load your tax refund directly onto the Emerald Card ® and use your card anywhere Debit MasterCard® cards are accepted. This year you could save money and avoid expensive check-cashing fees.
Benefits of the Emerald Prepaid MasterCard®
Make purchases anywhere Debit MasterCard ®cards are accepted including online retailers.
You can get cash back for FREE when you make purchases at everyday merchants like grocery, discount or pharmacies
You can avoid ATM owner surcharge fees by using the Allpoint ATM network4
Get access to your pay faster with payroll direct deposit
1Refund Anticipation Check (RAC) is provided by H&R Block Bank, a Federal Savings Bank, member FDIC. Fees apply. You must meet legal requirements for opening a bank account. A RAC is a bank deposit, not a loan, and is limited to the size of your refund less applicable fees. You can electronically file your return and receive your refund without a RAC, a loan or extra fees. H&R Block Maine License Number: FRA2. Available at participating offices. ©2012 HRB Tax Group, Inc.
2The H&R Block Emerald Prepaid MasterCard is issued by H&R Block Bank, a Federal Savings Bank, Member FDIC, pursuant to a license from MasterCard International Incorporated. Additional fees, terms and conditions apply. MasterCard is a registered trademark of MasterCard International Incorporated. Not available at all locations and to all applicants. Consult your cardholder agreement for details on fees, terms and conditions. ©2012 HRB Tax Group, Inc.
3Availability of funds vary by state. Funds will be applied to your selected method of disbursement once they are received from the state taxing authority.
4 If you use an ATM not owned by us for any transaction, including a balance inquiry, you may be charged an additional surcharge fee by the ATM operator even if you do not complete a withdrawal. Surcharge fees are generally $1.50 to $3.00. When you use an Allpoint ATM, you avoid this fee. ATM fees noted in your cardholder agreement still apply.