The Refund Anticipation Loan (RAL) is the fastest method for your client to receive money based upon their federal tax refund. After receiving the IRS accepted acknowledgement and meeting Santa Barbara Bank & Trust's loan approval criteria, funds are made available to your client within minutes! It normally takes about one to two days from the time the tax return is electronically filed to receive the IRS accepted acknowledgement. Your client can choose from one or more of the following disbursement methods to receive their RAL proceeds: SBBT Cashier's check, SBBT Cash Card, or ACH Direct Deposit.⁽¹⁾ Your fees are deducted from the RAL and paid out on a daily basis to your bank account by ACH direct deposit.

RAL Product Features & Benefits

• Consistently high loan approval rate
• Loan ranges from sum of fees plus $1 to as high as $5,000
• No minimum federal tax withholding amount required to apply for a RAL
• First time filers accepted - previous RAL experience is not necessary for clients applying for a RAL
• No Partial RALs! This means clients can get more full loans regardless of previous bank experience
• "Overturn" review service for denied loan reconsideration can be requested under certain conditions
• RAL program offered nationally
• No out of pocket expenses for your clients
• Approved RAL refund amount available through a variety of disbursement methods upon IRS acknowledgement

The Refund Transfer (RT) is a quick and cost effective method for your client to receive their federal tax refund. The federal tax refund is usually available within 7-14 days from the time the client's tax return is electronically filed. When the IRS deposits your client's refund with SBBT, SBBT deducts all applicable fees from the refund amount and disburses the balance of the refund to your client. Your client can choose one of the following disbursement methods to receive the refund proceeds: SBBT Cashier's check, SBBT Cash Card, or ACH Direct Deposit.⁽¹⁾ Your fees are deducted from the refund and deposited to your bank account within 24 hours after SBBT receives the IRS refund.

RT Product Features & Benefits

• Most popular e-file bank product chosen by taxpayers
• A cost effective and convenient way for your clients to receive their federal tax refund
• Your clients can receive their refund within 7-14 days after the IRS acknowledges their tax return.
• No out of pocket expenses for your clients
• RT refund amount available through a variety of disbursement methods upon IRS funding

The SRT is similar to the federal RT whereupon the client requests the state taxing authority to deposit the client's state refund with SBBT. When the state refund is received by SBBT, SBBT will deduct all applicable fees from the state refund and disburse the balance of the refund to your client using the same disbursement method the client selected to receive the RAL or RT proceeds.⁽¹⁾ The SRT must be selected in addition to a RAL or RT. Estimated state funding time varies from state to state. (Product not available in certain states.)

SRT Product Features & Benefits

• One stop shopping for your clients - the convenience of e-filing both federal and state return
• Low cost makes this e-file bank product a viable method for your clients
• Many states fund e-filed returns within 1 to 7 days!
• No out of pocket expense for your clients
• Additional measure of security to receive your fees (in case of no IRS funding)