For a faster income-tax refunds this year, debit cards are the way to go, according to the state Department of Taxation and Finance.
The agency offered the debit card option for the first time last year as an alternative to paper checks. More than 60,000 taxpayers got their money back this way. The state continues to offer the option of automatic deposits into bank accounts.
Using a debit card can cut down on incidents of checks stolen from mailboxes. Debit cards that are lost are protected against unauthorized transactions, and replacement cards are free. They are accepted at all businesses that accept Debit MasterCard nationwide without fees or surcharges. There are fees for certain ATM transactions at locations that aren’t part of the bank’s network of ATMs. The cards can be used in stores and for purchases by telephone or online.
“The refund debit card is secure, cost efficient, and easy to use,” Commissioner Thomas H. Mattox said in a statement. “Taxpayers, even those without bank accounts, can take it to any bank and withdraw the entire amount.”