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What is Fast Forward?

Fast Forward by sbtpg is a product that can be added to the Refund Transfer to give you access to your federal tax refund direct deposit up to 5 days earlier than a standard direct deposit.

How Fast Forward works

When the IRS provides sbtpg with advance notice of the release of a federal tax refund, sbtpg deposits the refund immediately into your bank account. The money is available instantly. Unlike standard direct deposit, payments are processed 24/7, including weekends and holidays.

How standard direct deposit works

With the standard ACH direct deposit the settlement process takes 1-2 business days for funds to clear and reach your bank account.

Example of how the Fast Forward process works

If the IRS notifies us Friday of a federal tax refund effective Wednesday, with Fast Forward the refund is available immediately on Friday. With the traditional ACH direct deposit settlement process, the direct deposit would follow the traditional settlement process and would be available on Wednesday.

In this example, with Fast Forward the federal tax refund is released 5 days earlier than the IRS effective date.

 

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How much does Fast Forward cost?

The Fast Forward cost is $25.

If your Fast Forward request is not approved, the $25 Fast Forward fee will be waived. If your Fast Forward is deposited to a Green Dot® Prepaid Visa® Card the $25 fee is also waived.*

 

* Green Dot® cards are issued by Green Dot Bank, Member FDIC, pursuant to a license from Visa U.S.A., Inc. Visa is a registered trademark of Visa International Service Association. Green Dot Bank also operates under the following registered trade names: GO2bank, GoBank and Bonneville Bank. All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. Deposits under any of these trade names are deposits with Green Dot Bank and are aggregated for deposit insurance coverage up to the allowable limits.

 

Fast Forward by sbtpg is provided by Green Dot Bank. Terms and fees apply. To be eligible for Fast Forward, you must have a Refund Transfer for a federal tax refund that is no more than $10,000 and have selected direct deposit. Availability may vary based on your bank participating in Real-Time Payments, IRS pre-notification of pending refund deposit, and availability of funds. $25.00 fee is not charged if you are ineligible. If a new Green Dot card is selected in the tax office, you will receive the federal refund up to five days early without being charged the $25.00 fee. Please check with your tax professional for availability.

 

 

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