What is tax products PE1 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.
What is tax products PE3 Sbtpg LLC deposit?
what was this deposit for? The refund is from Santa Barbara Tax Products Group. When you file your return and pay for TurboTax from your refund, then the refund money is sent to the the SBTPG. They deduct the money that you owe for TurboTax plus a fee to pay with refund.
What is SBTPG refund?
Refund Transfers are deposit products using Civista Bank, Member FDIC, that enable certain deductions from the account to be processed. Refund Transfers are not loans. Tax refund and e-filing are required in order to receive Refund Transfer. Fees apply.
Where is Sbtpg located?
Santa Barbara Tax Products Group is based in San Diego, California and operates as a subsidiary of Green Dot Corporation.
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 does ACH credit tax products PE Sbtpg LLC?
You apparently chose the option to have your TurboTax fees paid from your federal refund. 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.
What does SBTPG stand for?
Santa Barbara Tax Products GroupYou 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.
What does Sbtpg stand for?
What is ACH credit tax products PE?
An ACH credit refers to an electronic financial deposit from one bank to another. Examples include the direct deposits for any government benefits, tax refunds or earnings you receive and for certain tax payments you might make.
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).
How long does it take for SBTPG to release funds?
What does tax products PE4 sbtpg LLC mean?
What do TAX PRODUCTS PE4 SBTPG LLC means? Santa Barbara Tax Products Group-they are the company that processes the refund whenever you choose to have your TurboTax fees deducted from your federal. The refund is sent to them, the fees are deducted, and then the remainder is sent to your bank.
What is tax products PE2?
What is tax products pe2? This is the descriptor for the intermediary company (Santa Barbara Tax Products Group, aka SBTPG) that processes a refund when you choose to pay fees out of the Federal refund.
What is sbtpg and how does it work?
This is the descriptor for the intermediary company (Santa Barbara Tax Products Group, aka SBTPG) that processes a refund when you choose to pay fees out of the Federal refund. That company first receives your funds from the IRS, then takes the fees out of the Federal refund, then sends the remainder on to your bank or prepaid debit card.
Why did I receive a deposit of my refund from sbtpg?
You’ll have to explain that. 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.)
