What happens if I have a remaining balance on a Fast Cash Advance loan from a prior year?

If you received a Fast Cash Advance refund advance loan last tax season that was not repaid, the balance may be deducted from your tax refund the following 1 or 2 tax seasons.

How does it work?

For example, if you received a Fast Cash Advance in 2024 and your tax refund amounts for 2024 were insufficient to pay what you owe, and you either receive a Fast Cash Advance or Refund Transfer from sbtpg in 2025 or 2026, we will deduct any remaining balance of your 2024 Fast Cash Advance loan from any or all of your 2025 or 2026 tax refund, including principal and interest, before deducting any amounts you owe for a 2025 or 2026 Fast Cash Advance loan.

This means that your tax refund in 2025 or 2026 may be used to repay your 2024 Fast Cash Advance loan before the refund is applied to your balance on your 2025 or 2026 Fast Cash Advance loan.

Please refer to the Fast Cash Advance Loan Agreement that you signed last tax season for more details.