Frequently Asked Questions
What is the quick refund?
*RAL(Refund Anticipation Loan) You can pick up your check in my office, or have it direct deposited to your bank account, with in 24-48 hours after approval. This is a loan that you apply for through Chase Bank, so if you do not qualify, then it will automatically convert to a bonus check and you will have to wait 10-14 days.
*Bonus Check/Direct – You can pick up your check in my office, or have it direct deposited to your bank account, with in 10-14 days after approval. Chase Bank must approve your loan. If you qualify you will receive a check at my office within 10-14 days (and always on a Friday) from date of acceptance.
Qualify:
You will not qualify for the 24-48 hours RAL if any of the following apply to you:
- Bad Credit – If you have defaulted on a loan through Chase Bank in the past, you will not be approved.
- Past Due Student Loans – If you are in arrears with student loan payments, you will not be approved.
- Child Support – If you owe Child Support, you will not be approved.
You must bring with you:
- A Social Security Card
- A current ID, i.e. A license or other Photo ID.
- And at least $200 withheld in Federal Taxes from your W-2 if applying for the RAL.
* All fees for tax preparation and bank loan applications are deducted from your refund.
There is an additional charge of $5.00 from Raadical Tax to apply for the bank loan. Also, the following fees apply from Chase Bank.
| Loan Amount | Total Fee |
|---|---|
| $200 – $499 | $39 |
| $500 – $999 | $59 |
| $1,000 – $1,499 | $74 |
| $1,500 – $1,999 | $84 |
| $2,000 – $6,000 | $104 |
(p) 508-865-4500; (f) 508-865-4538