Since my last post on the Turbotax card review,i got a lot of users asking questions that i hadnt covered in the review.Here are a few frequently asked questions:
Question 1-can i transfer money from my Turbotax card to my bank account?
Just like all other prepaid cards,loading of funds is a one way road.That is from the a source INTO the card,not the other way around.However you could possibly try and transfer funds into a paypal account successfully.
Question 2-Can you add money to the turbotax card?
Funds can easily be transferred via direct deposit by your employer,through Green Dot moneypak,through your bank account,or is best used to receive your State or Federal Tax Refund.
Question 3-How long for the bank to post to the card?
If you wish to transfer funds from your bank savings or checking accountF,the transfer could take upto 48 hours to figure on your card.Check with your bank if they can arrange the transfer,and if yes,there most probably will be a charge.
Question4-What happens if i lost my turbotax card?
You can apply for a new card at a charge of $4.95.It will take 7-10 business days to get to you
Question5-Why cant i use my card online?
It works on the Visa network and in principle is the same as using a Visa Debit card
.check if you have sufficient funds on the card before making online purchases or paying bills online.
Question6-Can i use my Turbotax card for bank withdrawal?
As explained in question 1, prepaid cards are a one way process.Your bank may permit you to add funds from your checking/savings account but the reverse.This means you cannot access any part of your banking information via the card.
question7-What is the deposit time for funds into my card?
For funds transferred via bank accounts the wait is usually upto 48hours,and for your Tax refund it could be 7-8 days.