|Santa Barbara Bank & Trust Bank Products|
|Santa Barbara Bank & Trust is a nationally known leader in the electronic filing industry. SBBT provides quality financial products and services that will enhance your tax preparation and electronic filing business. SBBT's portfolio of financial services and their commitment to Above & Beyond Customer Support will meet your business needs now and in the future.|
Anticipation Loan (RAL)
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
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
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
|(1) The taxpayer may only select one disbursement method. Once a disbursement method has been selected, all additional disbursements to the taxpayer will be made by the same disbursement method.|
|Product features and pricing are subject to change at the discretion of Santa Barbara Bank & Trust.|