Available Nationwide, Walmart Direct2Cash to Save Customers Time and
Money This Tax Season
BENTONVILLE, Ark. -- (Business Wire)
As Americans begin to file their tax returns, Walmart announced the
launch of a first-of-its-kind service that allows consumers to “skip the
check” and pick up their tax refunds in cash. Walmart Direct2Cash is
available nationwide starting today and will help customers save time
and money when compared to traditional tax refund options.
Walmart is working with Tax Products Group (TPG), a Green Dot Company,
and Republic Bank & Trust Company, member FDIC, two leading providers of
tax-related financial products and services, to provide Walmart
Direct2Cash as an option to millions of customers. The more than 25,000
tax preparation locations using software with the Walmart Direct2Cash
option may provide this service for no additional fee or charge a
maximum of $7 at the time of filing. Walmart does not charge customers a
fee when refunds are claimed in a store.
“We know tax refunds can be one of the largest financial payouts of the
year for many of our customers, and the last thing they want is to wait
for their refund check to arrive and then spend money on unnecessary
fees – in many cases upwards of $70 – to cash it,” said Daniel Eckert,
senior vice president of services for Walmart U.S. “By skipping the
check and choosing this new service, customers will not only save time,
but also keep some extra cash in their pockets – two things Americans
can always use more of.”
Saving People Time and Money
Walmart Direct2Cash offers customers a convenient and secure way to
receive their refund amounts when compared to checks. Too often,
government issued tax refund checks are subject to theft, fraud and
mishandling, which can create weeks or even months of delay before
customers can receive their funds. Walmart Direct2Cash is a secure,
one-stop cash pickup transaction that reduces the potential for a
variety of check-related problems.
Americans who choose the new Walmart Direct2Cash option can also save on
fees when compared to traditional check-cashing options. For example, a
consumer who has the average federal tax refund of $2,900 and chooses a
check-cashing provider who charges a 2 percent fee would spend $58 to
cash the check. This could also be in addition to a $20 processing fee
to issue a paper refund check.
Convenient for Customers and Tax Preparers
When customers choose Walmart Direct2Cash, they will receive a
confirmation code for their federal and/or state tax return through an
email from TPG or Republic Bank as soon as their refund is ready to be
picked up. Customers will then go to the Walmart MoneyCenter or customer
service desk at their local Walmart store, show their confirmation code,
confirm their identity, and then receive their refund in cash.
“Walmart Direct2Cash is a groundbreaking new service that reduces the
cost and complexity of the refund process for taxpayers and tax
preparers,” said Bill Maher, chief executive officer of Tax Products
Group, LLC. “The response from tax preparers has already been incredibly
positive. They believe this will not only simplify the tax refund
process but provide a great benefit to taxpayers.”
“I want to personally thank tax preparers for participating in this
program and for providing our customers with this cash option,” added
Eckert.
Filing Tax Returns is Easy at Walmart
Walmart is also working with other businesses to help customers better
manage their finances at tax time and every day throughout the year.
This year, Jackson Hewitt tax preparers will be in more than 3,000
Walmart stores nationwide. Jackson Hewitt is offering its eligible
clients a $50 Walmart eGift Card when they e-file through a Jackson
Hewitt tax preparer. The Walmart eGift Card, available instantly upon
filing, can be used on anything from groceries to tires, in stores or
online.
As an added benefit to Walmart customers, each Jackson Hewitt tax filing
consultation at a participating Walmart store will include free tax
assistance identifying eligible health care options under the Affordable
Care Act. This assistance complements Walmart’s Healthcare Begins Here
program, which is designed to educate customers on health insurance
options.
EDITOR’S NOTES:
-
Walmart Direct2Cash is applicable to both federal and state tax
refunds. Customers who file a federal and state tax return will get
two confirmation codes. Cash refunds up to $7,500 are eligible for
Walmart Direct2Cash. For customers filing jointly, both filers must be
present to receive their cash refund. Confirmation code expiration
dates vary. Customers should check with their tax preparer.
-
Important terms and conditions, including minimum tax preparation
fees, govern eligibility for the Jackson Hewitt offer. For details,
please see JacksonHewitt.com. Not all Jackson Hewitt Walmart locations
offer the Walmart Direct2Cash option.
About Walmart
Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world save
money and live better – anytime and anywhere – in retail stores, online,
and through their mobile devices. Each week, more than 250 million
customers and members visit our 11,270 stores under 71 banners in 27
countries and e-commerce websites in 11 countries. With fiscal year 2014
sales of over $473 billion, Walmart employs more than 2 million
associates worldwide. Walmart continues to be a leader in
sustainability, corporate philanthropy and employment opportunity.
Additional information about Walmart can be found by visiting http://corporate.walmart.com on
Facebook at http://facebook.com/walmart and
on Twitter at http://twitter.com/walmart.
Online merchandise sales are available at http://www.walmart.com and http://www.samsclub.com.
Contacts:
Walmart Media Relations
Molly Blakeman, 1-800-331-0085
http://news.walmart.com/reporter
Source: Wal-Mart Stores, Inc.
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