SAN FRANCISCO, Jan. 4, 2018 /PRNewswire/ -- Credit Karma Tax™ today announced the launch of Earlybird Advance, the first entirely online refund advance that allows Americans who file with Credit Karma Tax to keep their whole refund from start to finish. Credit Karma Tax is the only truly free major tax preparation and filing service without any income restrictions, upsells or gimmicks. Earlybird Advance provides Americans $500 to $1000 without any loan fees or interest as soon as 24 hours after the IRS accepts their tax return.
"Because filing taxes with Credit Karma Tax is completely free, not only can Americans keep their entire refund, Earlybird Advance can also help them get some money sooner," said Jagjit Chawla, Credit Karma Tax General Manager. "It's our way of helping people who can't wait weeks for their refund."
It could take three to four weeks for taxpayers to receive their tax refund from the IRS. Americans who claim the Earned Income Tax Credit or the Additional Child Tax Credit must wait until Feb. 27, 2018, to receive their refund, but may be able to receive some money as early as January through the Earlybird Advance.
Americans can receive an Earlybird Advance on a new American Express Serve® Prepaid Card just days after the IRS accepts their tax return from Credit Karma Tax. The Serve Card has no monthly fee, does not require a credit check, includes free ATM withdrawals at over 24,000 ATMs nationwide, free early Direct Deposit and free online bill pay. Terms apply. For more information, please visit www.serve.com.
"For millions of people a tax refund can help smooth out finances and alleviate financial stress," said Stefan Happ, Executive Vice President, Global Prepaid & Alternative Payments, American Express. "We're excited to team up with Credit Karma Tax as the exclusive prepaid debit card option for refund disbursements and help filers get some of their refund dollars even faster with the Earlybird Advance."
Earlybird Advance loan is a no-fee, no-interest loan from MetaBank®, the federally chartered savings bank of Meta Financial Group, Inc.
"We are excited to partner with Credit Karma Tax to create a unique product for this space," said Brent Turner, MetaBank Executive Vice President & Head of Consumer Lending. "We firmly believe in financial inclusion for everyone and working with Credit Karma Tax is a great fit for our mission and further extends our refund advance business and competencies.
Starting mid-January, Americans can apply and see if they qualify for an Earlybird Advance in less than two minutes, directly from their computer or mobile device. No in-office visits or phone calls are required, and applying or participating will not affect a taxpayer's credit scores or final tax refund.
About Credit Karma Founded in 2007, Credit Karma is a personal finance company that's focused on helping everyone make financial progress. Our business model is unique in that no matter what new products or services we introduce, we're committed to providing a service that's always free. With more than 75 million members in the United States and Canada, we help people gain insight into their finances and credit information – and ultimately, improve their financial standing.
About MetaBank Headquartered in Sioux Falls, S.D., MetaBank operates in both the Banking and Payments industries. Within Banking, the traditional retail bank business operates 10 branches in four market areas: Central Iowa; Storm Lake, Iowa; Brookings, S.D.; and Sioux Falls, S.D.; and also includes AFS/IBEX, its insurance premium financing division. Meta Payment Systems, its electronic payments division and Refund Advantage, EPS and SCS, its tax-related financial solutions divisions, comprise the Payments business. Meta Financial Group, Inc.® (NASDAQ Global Market®: CASH), is the holding company for federally chartered savings bank MetaBank, Member FDIC.