The Future of RALs

February 17, 2011 – The Future of RALs

Over the past year, various federal agencies have raised concerns related to RALs. These concerns prompted several large banking organizations to discontinue RAL products, and others to discontinue bank products altogether. Earlier this month, all the remaining banks that continue to offer RAL products, including Refund Advantage, were instructed by the FDIC to stop offering RALs. As a result, we currently anticipate that RALs will no longer be offered by anyone following the end of the current filing season. As you already know, H&R Block did not offer RALs this season at all.

As we look forward to next year, we are excited that we will be providing a full range of other products in 2012, and beyond.

We will have one of the most competitive debit card programs available, with instant card activations, and funds being immediately available upon loading. Look for new features and enhancements to be announced this summer, including our new competitive expanded pricing options, along with enhanced flexibility among all product offerings.

We are excited as we look to the future and are committed to providing you with the best refund options available ASY uses a refund program with multiple bank relationships, we are committed to our industry, and to you. We here at ASY have over 20 years of experience in this industry, and we will use this experience to bring you the best refund product program available in 2012 and beyond.