Getting a tax refund? Great — just don’t put it on a pre-paid credit card!

I confess to being old enough to remember when getting your income tax refund meant being mailed a green check about two months after you filed — so sometime in June — and then walking down to the neighborhood bar, I mean bank, to turn it into cash.

Now tax preparers seem to spend more and more time devising new and more devious ways of getting your refund to you. Fort Worth bankruptcy attorneys Allmand & Lee give five reasons why you should avoid any offer to have your refund go on a pre-paid credit card. These include ATM fees, inactivity fees, fees to speak with customer service — in other words, a fee for everything you can think of, every time you turn around.

You’d be better off just asking for a check in the mail. See ya at the bank!

 

By Doug Beaton

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