A Refund Transfer (RT) allows customers to pay their tax preparation related fees and other amounts with their refund. ... A Subsequent Funding Fee will apply for each additional funding we receive, regardless of whether it is a federal or state refund.
Is Republic Bank sending stimulus checks?
Although most of these payments are expected to go directly to taxpayers (including taxpayers that chose a bank product), we have so far received notification that payments are being sent to Republic Bank for approximately 6% of our bank product customers.
Why did I get a check from Republic Bank?
You receive a check and notification that you've won a foreign lottery or sweepstakes. You're told to deposit the check, representing a portion of your winnings, and wire-transfer $2,000 to $5,000 back “to cover the taxes” so you can collect the rest of your winnings.
What is Republic TRS RT on bank statement?
A Refund Transfer (RT) allows customers to pay their tax preparation related fees and other amounts with their refund. ... A Subsequent Funding Fee will apply for each additional funding we receive, regardless of whether it is a federal or state refund.
What does RT mean on tax return?
RT is a tax refund-related deposit product. Availability of Refund Transfer (RT) funds varies by state. Funds will be applied to your selected method of disbursement once they are received from the state taxing authority.
How long does Republic Bank take to deposit refund?
If you mail your return and do not obtain an Easy Advance, you can expect to receive a tax refund within 6 weeks by direct deposit or mail.