Missouri Offering Tax Refund Debit Cards

Do you want your 2012 tax refund in the form of a debit card from the State of Missouri?

The debit card option is new for Missouri taxpayers this tax season, according to Missouri State Treasurer Clint Zweifel.

Zweifel's office released the details of the new option Friday in the following news release.

State Treasurer Clint Zweifel (ZWY-ful) announced today citizens have a new option to choose from when getting a tax refund from the State of Missouri. Taxpayers are now able to get a refund in the form of a debit card whether their return is filed on paper or electronically. The new refund option is for taxpayers who file individual income tax returns or Property Tax Credit (PTC) claims.

This is the first year the Department of Revenue has offered the refund debit card. To receive the card, taxpayers will need to check the “debit card” box located on the refund line of their 2012 income tax return or PTC claim. After the card is received in the mail, the recipient must activate it by phone or online, and a Personal Information Number or PIN must be created.

Benefits of the debit card include no check cashing fees, no bank account is required and access to the funds is available 24 hours a day. Taxpayers can use the refund card for free for purchases and to get cash back with a purchase anywhere a Visa Card is accepted.  UMB, MoneyPass and Chase ATMs may all be used to access cash without fees. One free withdrawal is allowed at other ATMs, but an ATM surcharge may apply. The card is issued by JP Morgan Chase of New York.

Other refund options for taxpayers include a paper check mailed to a taxpayer and electronic direct deposit into a bank account of a taxpayer receiving a refund.

Zweifel's office also stated taxpayers can find more details about the tax refund debit card at www.dor.mo.gov.

PaulRevere January 13, 2013 at 01:00 AM
WOW! Is this a loan to the state? They pay only when "YOU" spend it. Now that's creative.
Mike K January 13, 2013 at 12:16 PM
And apparently Zweifel has no idea that MasterCard has a large presence and is a major employer in Missouri. So he goes and signs up with Visa. Way to go. Send our dollars to JPM Chase and Visa.
Mike K January 13, 2013 at 12:25 PM
Other than that gaffe, it has limited appeal. There are very few people that have the problem of filing income taxes and not having a bank account. I would say that there is a very high probability that those that fit that profile are filing fraudulent returns that generate a refund. One trip to the ATM and turn it into cash will be the way the criminals defraud the rest of us taxpayers and don't have to pay check cashing fees. Brilliant.


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