MetaBank has a B rating because it has 775 complaints filed against the business. Federal pricing will vary based upon individual taxpayer circumstances and is finalized at the time of filing. Valid at participating locations only. A qualifying expected tax refund and e-filing are required. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. *Go to disclaimer for more details. Please drop us a line at solutions@sprucemoney.com or call us at 1-855-977-7823 so we can investigate this issue further and work on getting it fixed. State restrictions may apply. (Jan. 20, 2022) Living paycheck to paycheck is one of the biggest sources of economic stress for Americans todayand these anxieties impact mental and physical health. Void where prohibited. Negative balances are limited to $20 and must be repaid within 30 days. Spruce isnt perfect; no fintech app is. Funds are generally made available when payment instruction is received, which may be earlier than scheduled payment date. If you make an eligible purchase, youll receive the reward in your Spruce Savings account with no further action required. Courtesy of Spruce and for a limited time only, you can earn a $50 bonus when you open a new Spruce account and receive qualifying direct deposits during the offer period. Bank products by Pathward, N.A., Member FDIC Spruce is a mobile banking app for people who want to be better with money. We compared Spruce Banking to two other online banking platforms: Chime and One. The Spruce mobile banking app includes nudges to help users set personalized savings goals and keep them. And, for a limited time, you'll get a $50 bonus when you receive qualifying direct deposits. However, the Spending and Savings accounts are FDIC insured through Spruce's banking partner Metabank. | Source: * Offer from H&R Block. Supporting Identification Documents must be original or copies certified by the issuing agency. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. 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. Millions of Americans do not have adequate banking solutions which makes it more difficult for them to maintain financial stability. We reserve the right to change the Mobile Banking Software and other protocols that we allow for Mobile Banking at any time without prior notice. So if you usually get your paycheck on Friday, you could receive the funds in your Spruce account as early as Wednesday. You can download the app for iOS and Android. Per Spruces fee schedule, you may incur fees for certain actions: Spruce has a lot of benefits, from its total lack of sign-up and maintenance fees to early tax refund and early payday for qualifying users and payers. Most state programs available in January; software release dates vary by state. Spruce fintech platform is built by H&R Block, which is not a bank. Read our editorial standards. MetaBank, N.A., a national bank, is a subsidiary of Meta Financial Group, Inc. (Nasdaq: CASH), a South Dakota-based financial holding company. https://www.hrblock.com/universal/digital-online-mobile-privacy-principles.html. A Power of Attorney may be required for some Tax Audit & Notice Services. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. Whoever is working the IT side of things for this digital product is a grade-A grifter extracting value from the economy without contributing anything to it. Stay on top of your score, get score insights, and better understand your credit score. 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. Theyll close the account but itll take longer than 5 business days to process the closure and send a check. Faster access to funds is based on comparison of traditional banking policies for check deposits versus electronic direct deposit. By authorizing H&R Block to e-file your tax return, or by taking the completed return to file, you are accepting the return and are obligated to pay all fees when due. To qualify for the H&R Block Maximum Refund Guarantee, the refund claim must be made during the calendar year in which the return was prepared and the larger refund or smaller tax liability must not be due to incomplete, inaccurate, or inconsistent information supplied by you, positions taken by you, your choice not to claim a deduction or credit, conflicting tax laws, or changes in tax laws after January 1, 2022. For more information, see the developers privacy policy. Theres no sign-up fee, monthly maintenance fee, or transaction fee at any of the thousands of ATMs in the Allpoint network. More information is available at sprucemoney.com. Year-round access may require an Emerald Savingsaccount. BIG MISTAKE !!! See, Important Terms, Conditions and Limitations apply. While we do our best to keep these updated, numbers stated on this site may differ from actual numbers. The one disadvantage to this account is you won't earn any interest. I recently signed up for the spruce account because I file my taxes with H&R Block every single year. Interest calculated on current balance at day of deposit. As a Spruce member, youll pay no fees to withdraw funds from Allpoint ATMs, of which there are thousands around the United States. Additional training or testing may be required in CA, OR, and other states. You don't need to be a client of H&R Block to become part of Spruce. And, for a limited time, you'll get a $50 bonus when you receive qualifying direct deposits. Tax Audit & Notice Services include tax advice only. State e-File for business returns only available in CA, CT, MI, NY, VA, WI. If you discover an error in the H&R Block tax preparation software that entitles you to a larger refund (or smaller liability), we will refund the software fees you paid to prepare that return and you may use our software to amend your return at no additional charge. 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. Were sorry to hear about the poor customer service experience you had and wed like to help! Spruce isnt totally fee-free, however. Spruce demonstrates how H&R Block continues to expand into key adjacencies, such as fintech, and is one more way in which the company is helping customers achieve year-round financial confidence. Your wireless carrier may charge a fee for text messaging or data usage. The Spruce mobile banking app includes nudges to help users set personalized savings goals and keep them. The content on Money Crashers is for informational and educational purposes only and should not be construed as professional financial advice. Let a professional handle your small business books. Spruce Spending and Savings Accounts established at, and debit card issued by, Pathward, N.A., Member FDIC, pursuant to license by Mastercard. If you have a high account balance, you also may want to consider other options. January 20, 2022 08:00 ET Thanks for your feedback! See. A pending deposit is money that has been deposited into a bank account but has not yet been authorized for use. Additional fees and restrictions may apply. Once registered, you will be able to add money to your card through direct deposit, linking your Spruce card to your bank account (for a fee of $3. The Spruce mobile app is available in the Apple Store and Google Play Store, where it has 5 stars but limited customer reviews. Which is great because one of the benefits is direct deposits up 2 days early and I got it even sooner than that! During the Income Tax Course, should H&R Block learn of any students employment or intended employment with a competing professional tax preparation company, H&R Block reserves the right to immediately cancel the students enrollment. I keep being told they have to send emails and I have to wait 5 business days or longer for any assistance. Customer service is available over-the-phone or online from 5 a.m. to midnight CT. We usually include ratings from the Better Business Bureau to help indicate how a business deal with customer issues and handles transparency. Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the authors alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. Limitations apply. Spruce is a Mobile Banking App and includes a Debit Card with Benefits . It does not provide for reimbursement of any taxes, penalties, or interest imposed by taxing authorities and does not include legal representation. See Spending Account Agreement for details. There is no tuition fee for the H&R Block Income Tax Course; however, you may be required to purchase course materials, which may be non-refundable. Do your checking and savings account help you manage your money as efficiently as youd like? Tax Audit & Notice Services include tax advice only. Penalty for early withdrawal. See Spending Account Agreement for details. Payroll, unemployment, government benefits and other direct deposit funds are available on effective date of settlement with provider. Get location hours, directions, customer service numbers and available banking services. MetaBank works to increase financial availability, choice, and opportunity for all. H&R Block is a registered trademark of HRB Innovations, Inc. TurboTaxand Quickenare registered trademarks of Intuit, Inc. TaxActis a registered trademark of TaxAct, Inc. Windowsis a registered trademark of Microsoft Corporation. Refund claims must be made during the calendar year in which the return was prepared. H&R Block does not provide immigration services. When you use Spruce, it's easy to set and monitor your progress toward financial goals. Claim is based on making federal refunds available when payment instruction is received, which may be earlier than scheduled payment date. Get started today See all features We believe in a future with equitable access to easy and affordable banking. Enrolled Agents do not provide legal representation; signed Power of Attorney required. 2023 Bankrate, LLC. Deposit your federal tax refund into your Spruce account and you could get it up to 5 days early. The bottom line: Spruce is a solid mobile banking platform that doesn't charge monthly fees. Please drop us a line at solutions@sprucemoney.com or call us at 1-855-977-7823 so we can investigate this issue further and work on getting it fixed. Were sorry for the issue you encountered with Spruce, and wed like to help. Simple steps, easy tools, and help if you need it. 4 Early access to funds depends on the timing of the payers submission of the payment. Thanks for your feedback! The Spruce solution includes a spending account with a debit card, along with a connected savings account that allows for budgeting for specific goals. When you use your Spruce debit card to make online or in-person purchases with select merchants, you can earn cash-back rewards. All tax situations are different. Spruce makes it easy to keep tabs on your credit with a free FICO credit score and details on the factors that influence it. Negative balances are limited to $20 and must be repaid within 30 days. 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. H&R Block, Bankrates 2023 winner for Best Overall Online Tax Filing Software. 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. Cash-back rewards are provided by Dosh. Member FDIC, provides the financial know-how that many Americans urgently need. Audit services only available at participating offices. . Get help using Spruce online banking services. To be eligible, you must receive $200 in qualifying deposits over the relevant 35-day time period and opt in. See Spending Account Agreement for details. It was recommended to me when I visited H&R block to do my taxes. Please check with your employer or benefits provider as they may not offer direct deposit or partial direct deposit. Refund claims must be made during the calendar year in which the return was prepared. accountholder must receive $200 in qualifying deposits over the relevant 35-day period and opt in. Message and data rates may apply. II. I was a little nervous because its a new platform but I wanted to find a faster way to get my tax refund. H&R Block is banking on a new service called Spruce to offer its tax clients banking options at tax time. And the lady I spoke with, didnt even have the ability to close down my account ?!?! Other Offers You May Like Premier Savings - Up to 4.13% APY Click Here to Learn More 4.13% APY when you have at least $1,000 balance No minimum opening deposit No monthly service fees (member FDIC). Tap "Front" and take a photo of the front of the check. We strive to write accurate and genuine reviews and articles, and all views and opinions expressed are solely those of the authors. My only real complaint is there isnt a specific section to see my pending deposits they kind of just show up (unless I havent found where to see that information yet). May be changed or discontinued at any time. 2022 HRB Tax Group, Inc. H&R Block Emerald Prepaid Mastercard is issued by Pathward, N.A., Member FDIC, pursuant to license by Mastercard. . *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. What Is A 529 Plan and Where to Open One in Your State, How Much Should You Have In A 529 Plan By Age, How To Use A 529 Plan For Private Elementary And High School. From paying for school to buying a car, Spruce also has options to set up automatic transfers towards savings. Spruce fintech platform is built by H&R Block, which is not a bank. Additional fees apply for tax expert support. Conditions and exceptions apply see your, The Check-to-Card service is provided by Sunrise Banks, N.A. I would run from these people. H&R Block Maine License Number: FRA2. Its your credit make sure youre in charge. Lenders or insurers may use a different FICO Score than FICO Score 8, or another type of credit score altogether. Our deep understanding of their needs helped us uncover that whats been missing in mobile banking are easy-to-use features in a product from a company people know and trust, said Les Whiting, Chief Financial Services Officer of H&R Block. Once youve chosen one, you can then: Repeat as needed until all your goals are accounted for, and add new goals as they arise. Loans are offered in amounts of $250, $500, $750, $1,250 or $3,500. Original supporting documentation for dependents must be included in the application. I have called 3 times and had 3 different cards issued to me and have yet to receive 1. An ITIN is an identification number issued by the U.S. government for tax reporting only. Spruce is a mobile banking platform built by H&R Block, with banking products provided by Pathward. No monthly fees, no sign-up fees, no minimum balance requirement. Offers vary by user, merchant location and offer period. Chime is a financial technology company, not a bank. This isnt guaranteed because Spruce has no control over the IRS, but Spruce does make funds available as soon as it receives payment instructions for your refund which can happen as early as 5 days before the deposit would normally appear in your account. Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airline, or hotel chain, and have not been reviewed, approved, or otherwise endorsed by any of these entities. Your goals can be anything you want them to be, from big ones like a down payment on a car or 6-month emergency fund to smaller ones like a new nonstick pan or work outfit. 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? I log in, email, password, and then a screen says nice let's set up your account. You can file your return and receive your refund without applying for a Refund . ~ Courtesy Coverage only available for purchase transactions, ATM withdrawals, and over-the-counter withdrawals using your debit card. The H&R Block Emerald Prepaid Mastercard program provides clients quick and convenient access to their tax refund. Transfer funds: If you have a funding account, be ready to provide that information. Having an ITIN does not change your immigration status. FRA2. Additional fees may apply. Transferring funds from another bank account to your Emerald Card may not be available to all cardholders and other terms and conditions apply. Spruce is a new fintech platform created by the tax preparation company H&R Block. State e-file not available in NH. Provide basic information: Be prepared to provide your email address, name, and phone number. 2 Other fees apply for certain uses of the Spruce debit card and accounts. If you had to think for even a moment about how to answer, you might be ready for a change. Additional qualifications may be required. Thank you! Last month, Block teamed up with Meta Financial's MetaBank to introduce Spruce, which gives clients a spending account, a debit card, and a mobile app, along with a connected savings . Copyright 2021-2023 HRB Digital LLC. By authorizing H&R Block to e-file your tax return, or by taking the completed return to file, you are accepting the return and are obligated to pay all fees when due. You can customize goals, start saving, and begin tracking your progress. 2022 HRB Tax Group, Inc. H&R Block Emerald Prepaid Mastercard is issued by Pathward, N.A., Member FDIC, pursuant to license by Mastercard. 6 Courtesy Coverage is only available for purchase transactions, ATM withdrawals, and over-the-counter withdrawals using the Spruce debit card. Additional fees may apply. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. There is a $3 fee at other ATMs, plus any additional fee charged by the ATM operator. By clicking Sign up, you agree to receive marketing emails from Insider Cash back rewards. A passport that doesnt have a date of entry wont be accepted as a stand-alone identification document for dependents. . When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. Simple steps, easy tools, and help if you need it. However, the Spending and Savings accounts are FDIC insured through Spruce's. and Ingo Money, Inc., subject to the Sunrise Banks and Ingo Money Service. 2022 HRB Tax Group, Inc. She covers bank reviews, banking guides, and banking and savings articles for Personal Finance Insider. You dont have to take our word for it (or H&R Blocks). out Additional time commitments outside of class, including homework, will vary by student. Cash back earned by qualifying purchases will be deposited in the Spruce Savings Account. Earn cash back when you spend at select retailers. Spruces optional Round Up feature can help you reach your savings goals even faster. BBB ratings won't necessarily guarantee your relationship with a bank will be perfect, though. This is a separate service from Spruce Spending and Savings accounts provided by MetaBank, N.A., Member FDIC. Now put it to work for your future. 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. You also have the chance to get your federal tax refund up to five days early. Negative balances are limited to . 5 Stars, 3.75 Federal pricing will vary based upon individual taxpayer circumstances and is finalized at the time of filing. Fees for other optional products or product features may apply. - Cash Back. 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. Consider reading online customer reviews or talking to customers to see if Spruce Banking might work for you. They say it works with PayPal, cashapp, venmo etc..and it doesn't. Interest will be compounded and credited quarterly. The editorial content on this page is not provided by any bank, credit card issuer, airline, or hotel chain, and has not been reviewed, approved, or otherwise endorsed by any of these entities. Other restrictions apply; terms and conditions apply. Accounts may be opened through the Spruce app and on the Spruce website. Additional terms and restrictions apply; See. No credit check to apply. For tax years beginning after 2017, applicants claimed as dependents must also prove U.S. residency unless the applicant is a dependent of U.S. military personnel stationed overseas. E-file fees do not apply to NY state returns. Spruce, a mobile banking platform built by H&R Block, provides comprehensive capabilities supported by its banking partner, Pathward, N.A. Take a photo of both the front and back of the check (make sure to . 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. The developer provided this information and may update it over time. Spruce is a Mobile Banking App and includes a Debit Card with Benefits Saving goals. To be eligible, accountholder must receive $200 in qualifying deposits over the relevant 35-day period and opt in. You are required to meet government requirements to receive your ITIN. Theyre ridiculous and customer service is awful. Bank deposit accounts, such as checking and . Here's how Spruce. Let a professional handle your small business books. This means their mobile app does NOT sync with your phone or know who you are !!! Bank products and services are offered by Pathward, N.A. DO NOT Sell My Personal Information. We also get your email address to automatically create an account for you in our website. See Spruce Rewards powered by Dosh Terms for details. Void where prohibited. Our opinions are our own. Select the account for deposit and enter the check amount. All tax situations are different. There is no tuition fee for the H&R Block Income Tax Course; however, you may be required to purchase course materials, which may be non-refundable. In some cases, we receive a commission from our partners; however, our opinions are our own. Dont do itI never asked HRBlock to give me this card, I never wanted it, I provided them my actual routing and account number. Refund Transfer is a bank deposit product, not a loan. Justuseapp.com. Get a $50 bonus when you receive qualifying direct deposits with SpruceBecause it pays to be better with money. HRB Maine License No. Read more about Spruce mobile banking app.Spruce fintech platform is built by H&R Block, which is not a bank. A Power of Attorney may be required for some Tax Audit & Notice Services. HRB Tax Group, Inc. Consult your own attorney for legal advice. A Red Ventures company. If youre intrigued by what youve learned about Spruce so far, keep reading for more details about its core features and capabilities. Are There Any Fees? Every time I try I get a message that reads "Something went wrong, it's not you, it's us" the website/help center refers you to a phoneline, but the phoneline refers you back to the website. Spruce is a mobile banking platform built and backed by H&R Block. Spruce is a Mobile Banking App and includes a Debit Card with Benefits. 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. All Rights Reserved. There are limits on the total amount you can transfer and how often you can request transfers. - Get your Federal Refund Early! We're back with some exciting additions and updates to Spruce! Loans are offered in amounts of $250, $500, $750, $1,250 or $3,500. To begin, you will need to register your Spruce account online. Cards issued pursuant to license by Mastercard. $20 bonus if you meet the requirements and open an account before April 20, 2022. Id recommend spruce to my friends and family who want to get ahead of their finances, have early direct deposits, etc;. Pathward does not charge a fee for this service; please see your bank for details on its fees. If you havent looked around in a while, Im willing to bet its an improvement on your current money management solution. Fees apply to Emerald Card bill pay service. Get your paycheck up to 2 days early with direct deposit. micohn. Please drop us a line at solutions@sprucemoney.com so we can investigate this issue further. 6 Courtesy Coverage is only available for purchase transactions, ATM withdrawals, and over-the-counter withdrawals using the Spruce debit card. Not safe, not secure and no one can really help you. CAA service not available at all locations. Sophia joined Insider in July 2021 and is an alumna of California State University Fullerton where she studied journalism and minored in political science. Enrolled Agents do not provide legal representation; signed Power of Attorney required. Enrollment in, or completion of, the H&R Block Income Tax Course or Tax Knowledge Assessment is neither an offer nor a guarantee of employment. If you are looking for a simple solution for your mobile banking needs that will help you get better with your money, try the Spruce Spending and Savings Accounts to get a $20 bonus with a direct deposit. More information is available at sprucemoney.com. Terrible service. I decided why not and filed my taxes to get my direct deposit into my new spruce account. Deposit your federal tax refund into your Spruce account and you could get it up to 5 days early.7Go to disclaimer for more details. Choosing between these three platforms will likely hinge on what you prioritize in your banking experience. The H&R Block Emerald Prepaid Mastercard program provides clients quick and convenient access to their tax refund. To be eligible, accountholder must receive $200 in qualifying deposits over the relevant 35-day period and opt in. Cash back offers and amounts may vary by user, merchant location and offer period. If you use your debit card at select retailers, you'll get cash-back rewards deposited into your account. Spruce is a Mobile Banking App and includes a Debit Card with Benefits. Receive your federal refund up to 5 days early with Spruce. As the pandemic continues, and related economic uncertainty has highlighted the value of simple, easy-to-use spending and savings tools, Spruce, built by H&R Block with banking products powered by MetaBank, N.A. What Are Qualified Expenses For A 529 Plan (And What Doesnt Count)? 2 Other fees apply for certain uses of the Spruce debit card and accounts. Offer from H&R Block. of Amended tax returns not included in flat fees.
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