Why Green1040?
In 2008, 66 million taxpayers received tax refunds via direct deposit. This number is expected to continue to grow over the foreseeable future. Green1040 enables tax professionals of all sizes to offer a way for the over 40 million unbanked persons in the United States to receive their federal and state income tax returns via direct deposit.
Ease – You can be up and running in less than a week. The Green1040 online system allows the tax preparer to enroll customers in minutes.
Low Cost – We strive to keep prices as low as possible.
Increase Repeat Business – The Green1040 Prepaid MasterCard® card will give your customers another reason to come back to you next tax season.
Security - Checks can get lost in the mail. Thousands of checks are returned to the IRS by the US Post Office every year as undeliverable mail. Direct Deposit eliminates this.
Convenience – The funds go directly to the card account eliminating the need to travel to cash a paper check.
Split Payment Option – Refunds can be split to multiple accounts. This is an excellent feature for taxpayers who have an existing banking relationship but wish to have a portion of the return routed to the Green1040 card. With the "split refund" option, the IRS allows taxpayers to divide refunds among as many as three accounts.
Receive Payroll by Direct Deposit – If your employer pays by direct deposit, you can receive paychecks to your Geen1040 card.
Benefits for Tax Preparers
Competition – Tax preparation is a highly competitive industry. In order to compete with the national chains, tax preparers of all sizes need to offer a way for unbanked customers to receive their refunds via direct deposit.
Ease – You can be up and running in less than a week. The Green1040 online system allows the tax preparer to enroll customers in minutes.
Low Cost – We strive to keep prices as low as possible.
Increase Repeat Business – The Green1040 Prepaid MasterCard® card will give your customers another reason to come back to you next tax season.
Benefits for Individuals
Speedy Refunds – Refunds are received faster when direct deposit is chosen as the payment option.Security - Checks can get lost in the mail. Thousands of checks are returned to the IRS by the US Post Office every year as undeliverable mail. Direct Deposit eliminates this.
Convenience – The funds go directly to the card account eliminating the need to travel to cash a paper check.
Split Payment Option – Refunds can be split to multiple accounts. This is an excellent feature for taxpayers who have an existing banking relationship but wish to have a portion of the return routed to the Green1040 card. With the "split refund" option, the IRS allows taxpayers to divide refunds among as many as three accounts.
Receive Payroll by Direct Deposit – If your employer pays by direct deposit, you can receive paychecks to your Geen1040 card.
