Did you know that you can submit your tax return and have your refund deposited safely and quickly directly into your PODERcard account? Read on to learn the reasons PODERcard cardholders choose to receive their refund this way, as well as, how to set it up, and more.
Why you should send your tax refund to your PODERcard account
Your tax refund can be transferred to you through a direct deposit from the IRS. Direct Deposit is a fast, free and efficient way to receive your tax refund and can be done easily with your PODERcard account.
By setting up direct deposit to your PODERcard account you can avoid:
- waiting for the mail to arrive with your check
- traveling to post box/office
- paying extra fees so you can collect or deposit your tax refund
Best of all, receiving your tax refund via direct deposit means the money is automatically deposited into your account and you'll be able to access and use your refund right away.
How do I get my tax refund directly deposited into my PODERcard account?
To receive your tax refund in your PODERcard account, follow these steps:
Step 1. Log into the PODERcard application and click on the "Profile" tab at the bottom of the screen.
Step 2. To find your PODERcard account and routing numbers click on "Account Numbers".
Step 3. Note down your account and routing numbers, as well as the issuing bank name.
Step 4. Use this information when you are asked for your routing number and account number.
Step 5. For tax refund purposes, be sure to check the box that says “current” for the account type.
Step 6. Sit back, relax, and enjoy receiving your tax refund faster than a paper check.
Can I receive other people's tax refunds to my account?
According to IRS guidelines, you can direct your refund to your account or card, but you cannot direct your refund to someone else's account or card.
If we receive a tax refund intended for people other than the account holder, the refund will be rejected or your card or account may be blocked, and the money may be returned to the IRS pending further verification.
For more information on tax refunds, visit https://www.irs.gov/refunds.
If I request a direct deposit of my tax refund, can I withdraw it or spend it all at once?