If you received a deposit of your Federal refund from “Tax Products”, aka SBTPG, PE2, etc., that implies you had TurboTax fees that you chose to pay out of your Federal refund. That intermediary company receives the refund from the IRS, subtracts the fees, then sends the rest to your bank account (or card.)
What does tax products pr2 SBTPG LLC mean?
SBTPG is the company that processes the refund whenever you choose to have your TurboTax fees deducted from your federal. 7.
What is tax products pr1 SBTPG LLC deposit?
A deposit from Tax Products PE1 is most often a Federal refund for those people who chose the option to pay their TurboTax fees out of their Federal refund. That’s handled by an intermediary company called SBTPG (aka Tax Products Group.) Then SBTPG’s bank sends the rest of the Federal refund to your bank account.
Why did I get a deposit from tax products?
what was this deposit for? If you chose to have your TurboTax fees deducted from your federal refund, that is handled by the third party bank. The bank receives your refund, takes out the fees and sends the rest of the refund to you.
Why did I get a deposit from Santa Barbara Tax Products Group?
Santa Barbara Tax Products Group is used to process your refund when you elect to have your tax preparation fees deducted from your refund. Therefore, your review page is showing a Direct Deposit to them.
What does SBTPG stand for?
You may have received an email from our partner Santa Barbara Tax Products Group (SBTPG) regarding a hold on your federal refund. TurboTax is committed to protecting your personal information.
How long does it take for SBTPG to release funds?
SBTPG will show our money received tomorrow morning and will send it to our banks sometime that morning. If you have a prepaid card or a bank that releases your deposit early, you will see your money in your account in the afternoon around 3 or 4pm.
What bank does the IRS use for stimulus checks?
So, check your mail carefully. Many people in both the first and second round of stimulus payments mistook the debit card for junk mail. The debit card is issued by the Treasury Department’s financial agent, MetaBank.
Does the IRS use civista bank?
Yes, this is a legal check. Civista Banking is one of 2 banks used for the refund processing service if you chose to pay the Turbo Tax fees out of your Federal refund. SBTPG receives your funds from the IRS at one of their two banks, subtracts the fees, then sends the rest on to your bank.
What bank does the IRS use to deposit refunds?
Timing depends on when the IRS or State releases the refund to Republic Bank. The IRS typically processes e-filed tax returns in less than 21 days unless it needs further review. See irs.gov for the latest timing estimates. Clients need money in a hurry?
Will we get a third stimulus check?
The IRS started sending the third Economic Impact Payments to eligible individuals on March 12, 2021. We continue to send Economic Impact Payments weekly in 2021 as 2020 tax returns are processed.
What is tax products on my bank statement?
Tax Products PE4 SBTPG is the bank that processes your refund that it receives from the IRS to deduct your fees and then send it on to your bank.
Why did the IRS just deposited money in my account?
IRS Surprise Money Issued As People Find Tax Refund Deposits in Bank Accounts. Some Americans have been surprised by a deposit from the Internal Revenue Service in their bank accounts. They payment was not a fourth stimulus check, but rather a refund for taxpayers who overpaid taxes on unemployment compensation in 2020
Is Santa Barbara Tax Products Group legit?
Santa Barbara Tax Products Group It’s a real scam. I sent complaints to the AG, BBB and Gov’t Reps before finally getting my federal refund from these jokers. I would say TurboTax might be more guilty in this as they’re using their customers and selling them this horrible product.
What bank does TPG use?
TPG is a proud supporter of the following organizations GO2bank also operates under the following registered trade names: Green Dot Bank, GoBank and Bonneville Bank. All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank.
Is taxpayer Sbtpg legit?
To answer your first question, yes, Santa Barbara Tax Products Group (SBTPG) is a legitimate Financial Services Company which operates as a subsidiary of the Green Dot Corporation. TurboTax uses their services whenever customers opt to deduct their fee’s from their refund (RPS).