1ERO approval for the River City Bank Tax Division program does not guarantee approval to offer the Freedom Advance. Qualifications will apply. Freedom Advance is an optional fixed-term loan offered by River City Bank, Member FDIC. The Freedom Advance principal loan amount, applicable interest and any fees will be deducted from federal and state tax refund proceeds. Freedom Advance is not an actual federal or state tax refund. Applying for a Freedom Advance does not guarantee approval. Qualifications and restrictions apply and all applicants may not be eligible for Freedom Advance. Freedom Advance principal amounts offered are $1,000, $2,000, $3,000 or $5,000 based on the expected tax refund amount. Freedom Advance loans have an APR of 36% based on a 30-day term. Subject to Freedom Advance eligibility and underwriting requirements, a Freedom Advance loan with the principal amount of $1,000 applied for and originated after the IRS has acknowledged the taxpayer’s federal tax return will have an APR of 0%. All other Freedom Advance loans have an origination fee. Taxpayers eligible for a Freedom Advance loan in the principal amount of $2,000, $3,000 or $5,000 may opt for a $1,000 Freedom Advance loan, including a PreAck Freedom Advance, to pay a lower origination fee and may delay applying for a Freedom Advance in the amount of $1,000 until after the IRS has acknowledged the taxpayer’s federal tax return to avoid interest entirely. Refund Transfer fees may also apply. Freedom Advances and PreAck Freedom Advance may not be available with all tax software providers.
2For EROs choosing Freedom to Optimize with High Rebate Advance Program: River City Bank ERO rebate up to $12 for all disbursement types is subject to volume requirements and ERO’s Freedom Advance losses. Base rebate for each fully funded refund transfer is $10.00 and may increase to $12 with volume requirements. Fully funded is defined as any taxpayer’s federal or state refund which is sufficient enough to cover the entire first refund transfer fee and is funded prior to June 1, 2020. Rebate not available in all states depending on tax software provider. River City Bank reserves the right to withhold any and all ERO rebate for any amounts owed for fraud or other issues or if ERO has been removed from the program for any reason.
3Total combined rebate includes River City Bank ERO rebate up to $122 and Netspend Card rebate up to $154 for prepaid card disbursements.
4An ERO office will receive a rebate of $10 for each Netspend Card, up to 10 (ten) cards, and $15 for 11 (eleven) or more cards, issued and funded by a Refund Transfer with at least $50 between January 1, 2020 - December 31, 2020 (the “promotional period”) to qualify for this offer from River City Bank. Netspend or Visa are not affiliated in any way with this offer and do not endorse or sponsor this offer.
5ERO Marketing Fee of $72.95 for approved PreAck advances in all programs.
6The Netspend Visa Prepaid Card is issued by MetaBank, Member FDIC pursuant to a license from Visa U.S.A. Inc. Netspend, a TSYS® Company, is a registered agent of MetaBank. This card may be used everywhere Visa debit cards are accepted. Card use is subject to activation, ID verification, and funds availability. Transaction fees, terms, and conditions apply to the use and reloading of the Card Account. See the Cardholder Agreement at www.rcbtaxdivision.com/products for details. Certain products and services may be licensed under U.S. Patent Nos. 6,000,608 and 6,189,787.
7One-time fee of $9.95 will apply for unlimited subsequent Refund Transfers.