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Louisiana Offering Tax Refunds on Chase Debit Cards
Source:
katc.com
- Jan 16, 2012
The Louisiana Department of Revenue is now offering tax refunds in the form of a debit card. In the past, individuals had two options for returns: check or direct deposit. This year, taxpayers who do not choose the direct deposit method will automatically receive their returns in the form af a pre-paid, Chase/Visa debit card.
It's called the Louisiana MyRefund Card. According to the LDR website: it allows free teller-assisted withdrawals at all banks and credit unions that accept Visa; it allows unlimited no-fee cash-back transactions at retail merchants; and it allows no-fee cash withdrawals at all ATMs operated by Chase, the vendor bank issuing the card. In addition, MyRefund card holders can manage the funds in their refund accounts entirely online. Online services include the ability to check card balances for free, online bill pay, and the ability to issue oneself a paper check for the full card balance.
Taxpayers in Lafayette were skeptical of the program, and said they'd opt for direct deposit. According to the LDR, checks will still be availalbe to those who want them. They'll have to go to the nearest LDR office before activating their MyRefund Card.
Category: Louisiana
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