Quick Cash (Refund Anticipation Loan)

A refund anticipation loan is a loan from the bank using the taxpayer's Federal Tax Return as collateral. After the IRS accepts the tax return and the taxpayer meets all of the pre-established criteria, the bank will loan the amount of the taxpayer's anticipated refund along with a portion of their Earned Income Tax Credit (EITC).

To qualify, you must meet the following requirements:

1. Must be 18 years or older and cannot be a first time filer.
2. Must have a valid physical address (No PO Boxes), phone number, and social security number.
3. Must have a net withholding of AT LEAST $200.00 (excluding any EITC).
4. Must have a refund greater than the bank and preparer fees.
5. Cannot have filed bankruptcy (of any kind) within the past 12 months.
6. Cannot have a delinquent student loan, VA loan, HUD loan, or any other obligation involving Federal agencies.
7. Cannot have delinquent child/family support.
8. Cannot have claimed a foster child, niece, nephew, brother, sister, or grandchild.
9. Cannot have all Schedule C income or negative AGI.
10. Cannot have an outstanding or unpaid Tax Refund Loan with RCB or any other bank.

All are required to present 2 forms of ID, at least one MUST be a photo ID. Acceptable forms are:

• Valid driver's license with picture
• Social Security Card
• Military ID
• Other forms of ID are subject to approval by River City Bank

All new clients must provide proof of filing a previous year's income tax return.

The bank limits the amount of QC checks. If the majority of the refund amount is EIC, or the amount is too large, the bank may divide the amount into separate checks.

All RAL applications denied are automatically converted to an Electronic Refund Check (ERC) and the fees are adjusted accordingly.