RedGear will offer ERO rebates on bank products.
RedGear will offer ERO rebates on bank products.
Rebates are as follows:
*Rebates are only available for SBB&T and Chase bank products.
The tax-related bank industry has made significant changes. Banks have lowered and capped their Refund Anticipation Loan fees. They have increased the Refund Transfer, Bonu$, and Electronic Refund Check fees.
In our efforts to make the bank offerings more transparent, RedGear is disclosing the applicable Transmitter and Technology fees which were reflected by both the bank and transmitter in prior years. A list of all bank products and associated fees is enclosed.
| BANK PRODUCT COMPARISON |
|---|
| SBBT | Chase | Republic | |
|---|---|---|---|
| Check / Direct Deposit | Check / Direct Deposit | Check / Direct Deposit | |
| Loan Amount | $300-7,500 finance charge is 1.16% of loan max finance charge $87 |
$300-10,000 finance charge is 1.0% of loan max finance charge $132 |
$300-7,500 finance charge is 0.78% of loan max finance charge $58.50 |
| Account/Admin Fee | $32.00 | $32.00 | $29.95 |
| RT / Bonus / ERC | $32.00 | $32.00 | $29.95 |
| State | $10.00 | $10.00 | $10.00 |
| The following fees apply to RAL and RT/Bonu$/ERC Products: |
|---|
| Transmitter Fee | $10.00 | $10.00 | $10.00 |
| Technology Access Fee | $11.00 | $14.00 | $15.00 |
| Advance RAL (SBBT), First Advance RAL (Chase) Fees: |
|---|
| $1,000 Loan (SBBT) $1,500 Loan (Chase) | $39.00 | $39.00 | NA |
-SBBT, Chase, and Republic will not offer cash incentives to EROs. -SBBT - Advance RAL and Chase First Advance RAL require a minimum refund of $2,500. Products and fees for each bank subject to change. The most current information available was used in this comparison Contact Information
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