Is rapid refund and first advance RAL the same thing?
No. Rapid Refund is a quick return program with a fee and the “first advanced RAL” has a ceiling on what you can get back and you qualify based on what your anticipated return is. Below is a small article explaining it better than I can write it: This year the new RAL (Refund Anticipation Loan) called The Preferred Customer Advance RAL. It is designed for clients interested in requesting a RAL or Bonus prior to receiving their W-2 Forms. We are also offering The First Advance RAL which will give you immediate access to your RAL proceeds. “Qualified customers” can make an instant draw on their RAL proceeds and will be able to get a check for up to $1,500. This feature is only offered with the cashier’s check disbursement option, and the clients must have standard W-2’s as part of their completed return, as well as a minimum refund amount of $2,500.
