No-interest loan with no loan fees could provide relief from government-mandated tax refund delay KANSAS CITY Mo Dec 11 2018 GLOBE NEWSWIRE -- Starting Jan 4 consumers can apply at H R Block HRB for a Refund Advance Loan of up to 3 000 The Refund Advance a no-interest loan from Axos Bank offered Jan 4 to Feb 28 at participating offices is repaid from the clients federal or state income tax refunds If approved clients will typically have access to money within hours of applying At H R Block we believe you shouldnt need to wait or pay loan fees or interest to get access to money faster than your tax refund will arrive Thats why with the Refund Advance available at H R Block you could get money the day you file said Vinoo Vijay chief marketing officer at H R Block Millions of consumers face refund delays The Protecting Americans from Tax Hikes PATH Act which was passed to help combat tax refund fraud requires the IRS to hold refunds of taxpayers claiming the Earned Income Tax Credit EITC or the Additional Child Tax Credit ACTC until mid-February Last year roughly 15 million taxpayers claiming the EITC or ACTC had to wait until the week of Feb 27 to get their refund from the IRS Weve listened to our clients many of whom rely on their refunds early in the year and will continue to offer them this no-interest Refund Advance loan said Vijay Whats more were also offering our clients complete transparency we dont charge you interest or loan fees for the Refund Advance This is just one way we are more upfront and transparent than ever before Were also providing tax prep prices before your tax professional starts your return About H R Block H R Block Inc HRB is a global consumer tax services provider Tax return preparation services are provided by professional tax preparers in approximately 12 000 company-owned and franchise retail tax offices worldwide and through H R Block tax software products for the DIY consumer H R Block also offers adjacent Tax Plus products and services In fiscal 2018 H R Block had annual revenues of over 31 billion with over 23 million tax returns prepared worldwide For more information visit the H R Block Newsroom About Axos Financial Inc and Axos Bank Axos Financial Inc is the holding company for Axos Bank a nationwide bank that provides consumer and business banking products through its low-cost distribution channels and affinity partners With nearly 10 billion in assets Axos Bank provides financing for single and multifamily residential properties small-to-medium size businesses in target sectors and selected specialty finance receivables Axos Financial Incs common stock is listed on the NYSE under the symbol AX and is a component of the Russell 2000 Index and the S P SmallCap 600 Index For more information about Axos Bank please visit https wwwaxosbankcom This is an optional tax refund-related loan from Axos Bank Member FDIC it is not your tax refund Loans are offered in amounts of 500 750 1250 or 3000 Approval and loan amount based on expected refund amount ID verification eligibility criteria and underwriting If approved funds will be loaded on a prepaid card and the loan amount will be deducted from your tax refund reducing the amount paid directly to you Tax returns may be e-filed without applying for this loan Fees for other optional products or product features may apply Limited time offer Available at participating locations Not offered in Puerto Rico HRB Maine License No FRA2 OBTP B13696 See hrblockcom refundadvance for details 2018 HRB Tax Group Inc