setting up RAL
how do i set up for RALs? what bank do i contact?
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19 Replies
Mt Juliet CPA
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Questions answered: 13757
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Accountant Community AllStar
Advisory council of Accountant community power users.
11/08/10 4:51am PST
With E-filing taking less than 2 weeks normally I would Never Suggest RAL's, they are a ripoff
I salute all our current Military and our Veterans.
IRMN
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Questions answered: 16305
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Advisory council of Accountant community power users.
Intuit Moderator
Mod/Co-mod
11/08/10 7:24am PST
You might have to be patient for the answer to that one - most of the regulars here aren't big believers in RALs.
If this answers your question please click, um, ok I forgot what you are supposed to click. If this answered your question, how about just saying thanks and we will call it good.
Mt Juliet CPA
Questions asked: 62
Questions answered: 13757
Points earned: 29495
Questions answered: 13757
Points earned: 29495
Accountant Community AllStar
Advisory council of Accountant community power users.
11/08/10 11:56am PST
IRMN... I am definitely a Big Believer that RAL's and those that Offer them are a Ripoff
I salute all our current Military and our Veterans.
11/08/10 11:59am PST
Thanks MJ - I would have never guessed that based on many of your earlier posts.
Charlotte256
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Questions answered: 4549
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Accountant Community AllStar
Advisory council of Accountant community power users.
11/08/10 12:39pm PST
Instead of a RAL, check out the Intuit Refund Debit Card. Information begins on the 1040 Info Sheet in Direct Deposit of refund. Follow the Quick Zooms.
When anyone doing nothing needs help, I will gladly help that person do nothing.
11/15/10 9:43am PST
Not aware of Intuit's Refund Debit Card. Looked in TY2009, didn't see it. Is it only in TY2010?
11/16/10 7:29am PST
I'm not aware of any of my clients not having a bank account in some shape or form, so for my clients, it still isn't a good deal.
EDIT - the ordering system is working well today.
11/15/10 12:05pm PST
Anyone who has not yet done their 2009 tax is not in much of a hurry for their refund. Intuit's Refund Debit Card is part of the 2010 tax package. There is nothing to set up. Read all the information so you can explain to the client how it works and use as needed.
11/15/10 1:29pm PST
Thanks for the link IRMN. Just downloaded and installed TY2010 today, not aware of Intuit's Refund Debit Card.
11/15/10 1:32pm PST
Glad to help. I wasn't aware of it either but after Charlotte's post I got curious and took a quick look at what it was all about.
11/15/10 5:52pm PST
Is the only fee for this debit card $15 or is there an additional fee that I haven't uncovered yet?
11/15/10 6:23pm PST
Frankly, the various fees associated with this card are almost as bad as RALs. Please advise your client to wait for a direct depost or refund check. I cannot endorse this product.
11/15/10 6:30pm PST
Personally, I still wouldn't go the card route either - the client is still paying fees for something they can get for free by waiting a few more days.
11/15/10 10:05pm PST
The few fees, that there could be, are small. This is a regular debit card which actually provides an account where people, who have not had a bank account, can deposit all their checks and get cash or make payments instead of paying the fee charged by a check cashing company. I see it as a potential benefit to many clients.
ArchieLeach
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Questions answered: 9032
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Accountant Community AllStar
Advisory council of Accountant community power users.
11/17/10 8:45am PST
Check here: www.gouge-my-clients.com
Morons. I've got MORONS on my team. Nobody is going to rob us going DOWN the mountain. We have got no MONEY going DOWN the mountain. When we HAVE GOT the money, goin' back UP the mountain, THEN you can sweat.
11/17/10 9:03am PST
I was looking for pointers, but it appears your link is bad. If you can't gouge your clients who can you gouge?
Mt Juliet CPA
Questions asked: 62
Questions answered: 13757
Points earned: 29495
Questions answered: 13757
Points earned: 29495
Accountant Community AllStar
Advisory council of Accountant community power users.
11/17/10 8:55am PST
I think the prepaid debit card is still a ripoff and I think Pro Series screwed us by automatically making it part of the tax program
I salute all our current Military and our Veterans.
