H&R Block announces Refund Advance loan of up to $3,000
December 11 2018 - 2:15PM
Starting Jan. 4, consumers can apply at H&R Block (NYSE: HRB)
for a Refund Advance Loan* of up to $3,000. The Refund Advance, a
no-interest loan from Axos Bank™, offered Jan. 4 to Feb. 28 at
participating offices, is repaid from the client’s federal or state
income tax refunds. If approved, clients will typically have access
to money within hours of applying.
“At H&R Block, we believe you shouldn’t need to wait, or pay
loan fees or interest, to get access to money faster than your tax
refund will arrive. That’s why with the Refund Advance
available at H&R Block, you could get money the day you file,”
said Vinoo Vijay, chief marketing officer at H&R Block.
Millions of consumers face refund delays
The Protecting Americans from Tax Hikes (PATH) Act, which was
passed to help combat tax refund fraud, requires the IRS to hold
refunds of taxpayers claiming the Earned Income Tax Credit (EITC)
or the Additional Child Tax Credit (ACTC) until mid-February. Last
year, roughly 15 million taxpayers claiming the EITC or ACTC had to
wait until the week of Feb. 27 to get their refund from the
IRS.
“We’ve listened to our clients, many of whom rely on their
refunds early in the year, and will continue to offer them this
no-interest Refund Advance loan,” said Vijay. “What’s more, we’re
also offering our clients complete transparency: we don’t charge
you interest or loan fees for the Refund Advance. This is just one
way we are more upfront and transparent than ever before. We’re
also providing tax prep prices before your tax professional starts
your return.”
Taxpayers can learn more about the Refund Advance online.
About H&R Block H&R Block, Inc. (NYSE:
HRB) is a global consumer tax services provider. Tax return
preparation services are provided by professional tax preparers in
approximately 12,000 company-owned and franchise retail tax offices
worldwide, and through H&R Block tax software products for the
DIY consumer. H&R Block also offers adjacent Tax Plus products
and services. In fiscal 2018, H&R Block had annual revenues of
over $3.1 billion with over 23 million tax returns prepared
worldwide. For more information, visit the H&R Block
Newsroom.
About Axos Financial, Inc. and Axos Bank Axos
Financial, Inc. is the holding company for Axos Bank, a nationwide
bank that provides consumer and business banking products through
its low-cost distribution channels and affinity partners. With
nearly $10 billion in assets, Axos Bank provides financing for
single and multifamily residential properties, small-to-medium size
businesses in target sectors, and selected specialty finance
receivables. Axos Financial, Inc.’s common stock is listed on the
NYSE under the symbol “AX” and is a component of the Russell 2000®
Index and the S&P SmallCap 600® Index. For more information
about Axos Bank, please visit https://www.axosbank.com.
*This is an optional tax refund-related loan from Axos Bank™,
Member FDIC; it is not your tax refund. Loans are offered in
amounts of $500, $750, $1250 or $3000. Approval and loan amount
based on expected refund amount, ID verification, eligibility
criteria, and underwriting. If approved, funds will be loaded
on a prepaid card and the loan amount will be deducted from your
tax refund, reducing the amount paid directly to you. Tax returns
may be e-filed without applying for this loan. Fees for other
optional products or product features may apply. Limited time
offer. Available at participating locations. Not offered in
Puerto Rico. HRB Maine License No. FRA2. OBTP#B13696 See
hrblock.com/refundadvance for details. ©2018 HRB Tax Group,
Inc.
For Further Information
Susan Waldron, 816-854-5522, susan.waldron@hrblock.com
H and R Block (NYSE:HRB)
Historical Stock Chart
From Mar 2024 to Apr 2024
H and R Block (NYSE:HRB)
Historical Stock Chart
From Apr 2023 to Apr 2024