No Fee Banking and Low-Cost Refund Loan
Our core product is a low-cost, card based, permanent bank account with features specifically designed to help your clients at tax time and all year round. Working with Advent, our non-profit partners can open permanent, tailored banking accounts on site to enable direct deposit both at tax time and to support asset building and financial responsibility efforts year round.
Advent also offers an alternative to high-cost RALs. This enables you to offer clients a loan at 80% less cost than commercial providers. The Advent alternative loan can be deposited directly into your client's account the day after their return is filed and is then immediately available using the Advent Card. This product meets or exceeds standards identified by leading consumer advocates at both the Consumer Federation of America (CFA) and National Consumer Law Center (NCLC).
RAL Facts
VITA
Available Loan Amount – minimum of $750, maximum of $2,000 or 85% of the Federal tax refund
Loan Finance Charge – 0.00976 (30% APR over 12 days)
Fee Withholding Charge – none
* Prices are subject to change and may be affected by various state requirements |
More Information
Get It Card Account
Advent Refund Loan
No Fee Banking Account
Simple Account Set Up
Client Value Proposition
Fee Schedule (doc)
Account Safety Features
Competitive Comparison
The Nehemiah Project Case Study (pdf)
What the client receives (pdf)
Lo que recibe el cliente (pdf- Spanish)
How to Attract More EITC Clients (pdf)
Contract (pdf)
Advent Standard License and Operations Agreement (.docx)
Contact Information
1800 Baltimore, Suite 500
Kansas City, MO 64108
Fax: 360.363.2012
info@advent-financial.com |
