Early access depends on when payment is submitted. H&R Block created Spruce to address this gap and bolster financial inclusion by helping people build healthy financial habits every day. 6 Courtesy Coverage is only available for purchase transactions, ATM withdrawals, and over-the-counter withdrawals using the Spruce debit card. Youre welcome to contact our media team about your story. Refund claims must be made during the calendar year in which the return was prepared. Loans are offered in amounts of $250, $500, $750, $1,250 or $3,500. She covers bank reviews, banking guides, and banking and savings articles for Personal Finance Insider. There are limits on the total amount you can transfer and how often you can request transfers. The bottom line: Spruce is a solid mobile banking platform that doesn't charge monthly fees. I keep being told they have to send emails and I have to wait 5 business days or longer for any assistance. Approval and loan amount based on expected refund amount, eligibility criteria, and underwriting. Valid at participating locations only. Its accounts come with several special perks like cash-back rewards and early direct deposit. State e-file available for $19.95. Negative balances are limited to $20 and must be repaid within 30 days. At the moment, Spruce doesnt offer early deposit for state tax refunds. Spruce makes it easy to keep tabs on your credit with a free FICO credit score and details on the factors that influence it. 5 Credit score is FICOScore 8 based on Experian data. About H&R BlockH&R Block, Inc. (NYSE: HRB) provides help and inspires confidence in its clients and communities everywhere through globaltax preparation services,financial products, andsmall-business solutions. Spruce has no sign-up fees, no monthly maintenance fees, and no minimum balance requirements. Faster access to funds is based on comparison of traditional banking policies for check deposits versus electronic direct deposit. Cash back offers and amounts may vary by user, merchant location and offer period. Additional time commitments outside of class, including homework, will vary by student. 00), using the mySpruce app, or by visiting the Spruce kiosk at one of our partner locations. Tax returns may be e-filed without applying for this loan. State e-file available for $19.95. Additional fees and restrictions may apply. Additional fees, terms and conditions apply; consult your, For a full schedule of Emerald Card fees, see your. February 03, 2022, 4:31 p.m. EST 6 Min Read. Enrollment restrictions apply. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. Lets take a closer look at a few of the features and capabilities that set Spruce apart: Spruce is built and backed by H&R Block. Again, Spruce generally makes funds available when it receives payment instructions, which can come up to 2 days ahead of your scheduled payday. 2023 Bankrate, LLC. E-file fees do not apply to NY state returns. If you have a high account balance, you also may want to consider other options. Great news! Spruces optional Round Up feature can help you reach your savings goals even faster. Deposits that do not qualify are mobile check deposits, internal transfers, transfers within Spruce from external accounts, or cash transfers. Consult an attorney for legal advice. DO NOT TRUST YOUR INFO, MONEY, OR PAYCHECK TO THIS COMPANY !!! Payroll services and support to keep you compliant. FICOis a trademark of Fair Isaac Corporation. 5 Stars. ; it is not your tax refund. I log in, email, password, and then a screen says nice let's set up your account. Additional terms and restrictions apply; See. See your. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. Transferring funds from another bank account to your Emerald Card may not be available to all cardholders and other terms and conditions apply. To be eligible, accountholder must receive $200 in qualifying deposits over the relevant 35-day period and opt in. This includes the more than 21 million households that already turn to H&R Block for their most significant financial event of the year, their tax return. If the online tax preparation or tax software makes an arithmetic error that results in your payment of a penalty and/or interest to the IRS that you would otherwise not have been required to pay, H&R Block will reimburse you up to a maximum of $10,000. Spruce has dozens of 5-star reviews in the App Store and numerous 4- and 5-star reviews from banking experts who review apps like Spruce for a living. Approval and loan amount based on expected refund amount, eligibility criteria, and underwriting. . It was recommended to me when I visited H&R block to do my taxes. Read our editorial standards. H&R Block, Inc. (NYSE: HRB) provides help and inspires confidence in its clients and communities everywhere through globaltax preparation services,financial products, andsmall-business solutions. Spruce is a mobile banking app to help you make the most of your tax refund, get paychecks up to two days early 1, and earn cash back rewards at select retailers. Audit services only available at participating offices. We strive to write accurate and genuine reviews and articles, and all views and opinions expressed are solely those of the authors. You also have the chance to get your federal tax refund up to five days early. But Spruce does offer early direct deposit for your paycheck if your payer qualifies. Among the dozens of newish fintech platforms Ive examined and reviewed over the past year or two, Spruce stands out for its simplicity, usefulness, and transparent fee structure. Member FDIC. Enter the deposit amount. Available only at participating H&R Block offices. $50 will be deposited within 14 business days after completing all requirements. You can snag your $50 bonus just for receiving qualified direct deposits. A mobile banking app for people who want to make the most of their refund. Spruce is a mobile banking app for people who want to be better with money. Dont do itI never asked HRBlock to give me this card, I never wanted it, I provided them my actual routing and account number. Spruce is a Mobile Banking App and includes a Debit Card with Benefits . These funds are generally made available the day the payment instruction is received, which may be up to 2 days earlier than the payers scheduled payment date. Sophia Acevedo is a banking reporter at Insider. Emergency fund? Enroll in direct deposit to get your paycheck earlier2Go to disclaimer for more details than you normally would. If that name rings a bell, its because H&R Block is one of the biggest players in tax preparation, with thousands of locations around the country and robust online tax prep software to match. Millions of Americans do not have adequate banking solutions which makes it more difficult for them to maintain financial stability. As a Spruce member, youll pay no fees to withdraw funds from Allpoint ATMs, of which there are thousands around the United States. She is also a Certified Educator in Personal Finance (CEPF). There's also a fee if you go inside a another bank and withdraw cash with a teller. So if you usually get your paycheck on Friday, you could receive the funds in your Spruce account as early as Wednesday. - Get your Federal Refund Early! Spruce Mobile Banking $20 Direct Deposit Bonus Earn a $20 bonus when you open a Spruce Spending and Savings Account with qualifying activity. 2 Other fees apply for certain uses of the Spruce debit card and accounts. Safety starts with understanding how developers collect and share your data. A Red Ventures company. Payroll, unemployment, government benefits and other direct deposit funds are available on effective date of settlement with provider. Our opinions are our own. SpruceSM Spending and Savings Accounts are established at, and the Spruce debit card is issued by, MetaBank, N.A., Member FDIC, pursuant to license by Mastercard International Incorporated. https://www.hrblock.com/universal/digital-online-mobile-privacy-principles.html. Neither H&R Block nor Pathward charges a fee for Emerald Card mobile updates; however, standard text messaging and data rates may apply. HRB Maine License No. You dont have to activate your offers though. Spruce is a Mobile Banking App and includes a Debit Card with Benefits. HRB Tax Group, Inc. KANSAS CITY, Mo., Jan. 20, 2022 (GLOBE NEWSWIRE) -- Living paycheck to paycheck is one of the biggest sources of economic stress for Americans todayand these anxieties impact mental and physical health. Below are links to some of her most popular stories: Fee-only vs. commission financial advisor, Read more about how Personal Finance Insider chooses, rates, and covers financial products and services >>, Are banks open today? Are There Any Fees? Among the dozens of newish fintech platforms I've examined and reviewed over the past year or two, Spruce stands out for its simplicity, usefulness, and transparent fee structure. You won't have to deal with monthly service fees, minimum opening deposits, or overdraft fees. Most state programs available in January; software release dates vary by state. - Get your Federal Refund Early! as well as other partner offers and accept our, Savings feature that allows you to set individual financial goals, Get cash back rewards through Dosh when you shop at one of 10,000+ select retailers, $20 bonus if you meet the requirements by April 20, 2022, Courtesy Coverage that covers a negative balance of up to $20 if you meet the requirements, $4.95 fee for bank teller cash withdrawals. You can file your return and receive your refund without applying for a Refund . While we do our best to keep these updated, numbers stated on this site may differ from actual numbers. See Spruce Rewards powered by Dosh Terms for details, Tax Identity Shield Terms, Conditions and Limitations, Free Worry-Free Audit Support is available only for clients who purchase and use H&R Block desktop software solutions to prepare and successfully file their 2022 individual income tax return (federal or state). You don't want to lose it. Spruce has no monthly fees, no sign-up fees, no overdraf. Faster access to funds is based on comparison of traditional banking policies for check deposits versus electronic direct deposit. All tax situations are different. Comparison based on regular price for standard paid DIY products on turbotax.com as of 3/1/2023. . No luck, it's pulling the exact same thing. A Power of Attorney may be required for some Tax Audit & Notice Services. We appreciate it and you for being a part of the Spruce community. See, Important Terms, Conditions and Limitations apply. H&R Block, Bankrates 2023 winner for Best Overall Online Tax Filing Software. Additional qualifications may be required. Spruce, a mobile banking platform built by H&R Block, provides comprehensive capabilities supported by its banking partner, Pathward, N.A. Year-round access may require an Emerald Savingsaccount. Audit services only available at participating offices. Theyll close the account but itll take longer than 5 business days to process the closure and send a check. It allows you to overdraw your Spending account up to $20 at Spruces sole discretion for debit card purchase transactions, over-the-counter cash withdrawals, and ATM withdrawals. Most personal state programs available in January; release dates vary by state. Spruce is a Mobile Banking App and includes a Debit Card with Benefits. In some cases, we receive a commission from our partners; however, our opinions are our own. Accounts may be opened through the Spruce app and on the Spruce website. Depends on timing of the IRS's payment file. Here's a list of US bank holidays for 2023, These banks and credit unions allow you to exchange foreign currency at a branch, over the phone, or online, Four reasons why your debit card might be denied even when you have money. White Collar criminals. If you discover an H&R Block error on your return that entitles you to a larger refund (or smaller tax liability), well refund the tax prep fee for that return and file an amended return at no additional charge. No sign-up fees. GET PAID UP TO TWO DAYS EARLY Enroll in direct deposit to access your paycheck sooner. FREE CREDIT SCORE Understand what makes up your credit score, how different . Spruce isnt perfect; no fintech app is. See www.SpruceMoney.com/feesfor details. Youll then automatically qualify for early direct deposit if your payer (employer or benefits provider) supports it. Our customers already trust us with their most personal financial details when we help them file their taxes, and we created the Spruce solution to help address their unmet banking needs, too.. Additional information can be found by visiting www.metafinancialgroup.com. Message and data rates may apply. H&R Block, Bankrates 2023 winner for Best Overall Online Tax Filing Software. Its your credit make sure youre in charge. The best part is my tax return wasnt suppose to be direct deposited until 02/22, however it came EARLY!! 1 Spruce Rewards are powered by Dosh. - Round Up. Consult an attorney for legal advice. While the Spruce mobile banking offering is new to the marketplace, H&R Block has been offering clients access to quality financial products and services for decades. Spruce is a mobile banking app for people who want to be better with money. Please fix ASAP Update: Thinking it was a problem with the app, I go straight to the website. I also had to call 4 different times because their were multiple charges for 1 item bought. Though H&R Block isnt a bank, Spruce has an array of mobile banking capabilities supported by Pathward, N.A. E-file fees do not apply to NY state returns. The developer provided this information and may update it over time. Pay yourself when you spend and round up to the nearest dollar. State e-file not available in NH. But the app and site refuse to even allow me to sign up. II. DE, HI and VT do not support part-year/nonresident individual forms. Direct Deposit Required: Yes Get your federal tax refund up to five days early.7Go to disclaimer for more details, Score a $50 bonus when you receive qualifying direct deposits. from the Google Play Store and. Void where prohibited. At this time, the banking platform doesn't allow you to only open a Spruce Savings or Spruce checking account by itself. Please note: While the offers mentioned above are accurate at the time of publication, they're subject to change at any time and may have changed, or may no longer be available. Requires $200 in direct deposits over prior 35-day period, not including tax refunds. Endorse your check, then tap "Next". Learn how to keep it safe. Here's how Spruce can help you be good with money: - No sign-up fees, no monthly fees, no credit check, and no minimum balance required. Earn cash back when you spend at select retailers. Bank products and services are offered by Pathward, N.A. H&R Block is not a bank. Interest will be compounded and credited quarterly. . Description of benefits and details at. Our front row seat on American life provides a unique understanding of how to help people get better with money, and weve applied those learnings to Spruce, said Jeff Jones, President and CEO of H&R Block. See Spruce Rewards powered by Dosh Terms for details. Please check with your employer or benefits provider as they may not offer direct deposit or partial direct deposit. See, Important Terms, Conditions and Limitations apply. And the lady I spoke with, didnt even have the ability to close down my account ?!?! Spruce, a mobile banking platform built by H&R Block, provides comprehensive capabilities supported by its banking partner, Pathward, N.A. TurboTax is a registered trademark of Intuit, Inc. 2023 NerdWallet, Inc. All Rights Reserved. Amended tax returns not included in flat fees. Took 1 week to get my money back. See Spending Account Agreement for details. What Are Qualified Expenses For A 529 Plan (And What Doesnt Count)? Payments you authorize from the account associated with your Refund Transfer will reduce the net proceeds of your refund sent to you. 5 Credit score is FICOScore 8 based on Experian data. Courtesy Coverage is only available for purchase transactions, ATM withdrawals, and over-the-counter withdrawals using your Spruce debit card. Accounts may be opened through the Spruce app and on the Spruce website. Negative balances are limited to $20 and must be repaid within 30 days. Limited time offer at participating locations. Justuseapp.com. MetaBank works to increase financial availability, choice, and opportunity for all. Theyre ridiculous and customer service is awful. Make money when you spend money at select retailers. MetaBank strives to remove barriers to financial access and promote economic mobility by working with third parties to provide responsible, secure, high quality financial products that contribute to the social and economic benefit of communities at the core of the real economy. Once your account is created, you'll be logged-in to this account. See how Spruce makes security a top priority. Neither H&R Block nor Pathward charges a fee for Emerald Card mobile updates; however, standard text messaging and data rates may apply. Tax Audit & Notice Services include tax advice only. *Go to disclaimer for more details, Built by H&R Block, Spruce is a mobile banking platform to help you set saving goals, earn cash back rewards at select retailers,1Go to disclaimer for more details and get paychecks up to two days early.2Go to disclaimer for more details Get a $50 bonus when you receive qualifying direct deposits. Thank you! Additional fees, terms and conditions apply; consult your, For a full schedule of Emerald Card fees, see your. Additional fees apply for tax expert support. No monthly fees. Loans are offered in amounts of $250, $500, $750, $1,250 or $3,500.