Answers
Hi-I am wondering if anyone out there who filed their taxes and paid fees through Santa Barbara Bank and Trust actually got their rebate check on the direct deposit date. I used Taxes online and paid the fees using Santa Barbara BAnk. If I would have only known that this would mean a delay in the refund of 2 months I would have never done this silly thing. I was short on cash and didn't want to dish out an extra $25 at the time! Any help or knowledge would be greatly apprecited! Thanks!!
I went through them too and just found out today that they will be mailing a check to people who used them.
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i just got a check from Santa Barbara Bank and Trust with a cashiers check with my tax return. I wanted the return direct deposited to my checking account. My aunt did my taxes online and last year i had no problem. i went to the IRS site and it said i should have recieved my direct deposit on the 20th. But ive checked my account and i still havent recieved it. Im wondering if the Santa Barbara check is legit? Should i talk to my bank first or should i cash the check i was sent?
Santa Barbara Bank and Trust is a legit bank and they do issue checks for your tax refund if you used one of their tax preparer partners. They have a website https://cisc.sbbtral.com/ where you can get more info on the check you received. The IRS would have deposited the money into Santa Barbara Bank and then they issued you a check usually it happens if there are any fees to pay for having your taxes done they take the fees out of your refund and give you the rest. If that is the case, the IRS website would show a Direct Deposit, because they did DD the money into SBBT.
It was through Santa Barbara Bank and Trust. Also can I file online from home and receive a RAL?
Thanks for the advice and I do have an account but I desperately need the money to get my family out of a seriously bad situation
No, qualifying for the loan one year doesn't mean you will the next year. Each year stands on its own.
I filed my taxes online and used Santa Barbara Bank to pay the fees. I am so confused as to why they can't just run a deposit the same way they did when they ran the refund checks. What a bummer! If I would have known that I would have never did a deduction that way.
True.. this is messed up, but take it as a lesson learned. And don't give up so quick, many posters on here had their taxes filed the same way and some how had their rebate check DD. I called the irs myself and asked them what bank info they had on file for me and it was SBBT routing and acct# ,but hey it can be different for you. call the irs and if they do have sbbt for your bank info call SBBT and ask if that acct they had opened for you is still valid.
I know there is a huge controversy brewing with the IRS and Santa Barbara Bank and Trust. I want to make it clear this is NOT my question. My question is - REGARDLESS of what tax program you used (taxact.com; taxbrain.com, etc, etc.).
Did you get an email from either the bank clearing house or your own bank BEFORE you received your deposit. Last I year I sent my taxes in the real old fashion way, by mail, but, the year before meaning 2007 taxes filed in 2008 I filed online and I remember getting an email notice that my deposit was pending.
Does that still happen? I'm scheduled (according to the IRS site) to have it by February 9, 2010. When I look at the Santa Barbara and Metabank site, it tells me February 5, 2010 and I see my fees are listed.
In other words, bank controversy aside, did you receive notice that your deposit was pending or any notice once the deposit was made? Since I'm due for direct deposit this next payment period, I'd like to know so I don't keep checking my bank account and the IRS site like a paranoid maniac!
Thanks for the help and info in advance.
And PLEASE no ads, I WILL report you. I am so tired of reading ads from posters in here and links that have nothing to do with tax help.
Thank you Angela, guess I'll just have to keep checking on a daily or even several times a day basis.
I e-filed using H&R Block. I paid my taxes with a debit card, and did NOT have them withheld from my refund.
H&R Block notified me when the IRS and my state DOR accepted my return. I received no other notification from H&R Block nor my bank, but my refund was in my bank account on January 29, which is exactly when I was expecting it according to the IRS refund cycle chart.
The only thing I know that will delay your refund is an error on your return, an offset, or having your preparation fees deducted from your refund. If you do the latter, the IRS sends the money to the account of your tax preparer, and then the tax preparer has to process it and deposit it into your account.
Consumers Lose Millions To Tax Refund Operations
Many consumers expecting a refund are anxious to get it as soon as possible. That makes them vulnerable to promises of quick tax refunds. They may need the money to pay rent or make immediate debt payments. Often what happens is that consumers lose a large part of the refund to interest and fees.
Called Refund Anticipation Loans (RAL), these loans are usually not good loans to accept. As reported by the Consumer Federation of America, 8.4 million taxpayers paid millions of dollars to companies offering RALs. They also paid $738 million in loan fees. There was another $68 million paid in other fees.
It is hard to believe that so much money was paid in fees to obtain tax refunds that could have been processed in less than two weeks by the IRS. Sometimes the fees literally eat up the entire refund leaving the consumer nothing.
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