RedGear will offer bank products
The tax-related bank industry has made significant changes. Banks have lowered and capped their Refund Anticipation Loan fees. They have increased the Refund Transfer, Bonu$, and Electronic Refund Check fees.
In our efforts to make the bank offerings more transparent, RedGear is disclosing the applicable Transmitter and Technology fees which were reflected by both the bank and transmitter in prior years. A list of all bank products and associated fees is enclosed.
| BANK PRODUCT COMPARISON |
|---|
| SBTPG | Republic | |
|---|---|---|
| Check / Direct Deposit | Check / Direct Deposit | |
| Loan Amount | $300-7,500 finance charge is 1.16% of loan max finance charge $87 |
$300-7,500 finance charge is 0.78% of loan max finance charge $58.50 |
| Account/Admin Fee | $32.00 | $29.95 |
| RT / Bonus / ERC | $32.00 | $29.95 |
| State | $10.00 | $10.00 |
| The following fees apply to RAL and RT/Bonu$/ERC Products: |
|---|
| Transmitter Fee | $10.00 | $10.00 |
| Technology Access Fee | $15.00 | $15.00 |
| Advance RAL (SBTPG) Fees: |
|---|
| $1,000 Loan (SBTPG) |
$39.00 | $39.00 | NA |
-SBTPG and Republic will not offer cash incentives to EROs. -SBTPG - Advance RAL requires a minimum refund of $2,500. Products and fees for each bank subject to change. The most current information available was used in this comparison
Contact Information
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