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Tax Refund on a Prepaid Debit Card

Tax Refund: Prepaid Debit Card, Check, or Direct Deposit?

You might have already heard about the new program run by the Treasury Department that will let a select crowd receive their tax refund on a prepaid debit card instead of a check this year. It's called the MyAccountCard Visa Prepaid Debit Card, and 600,000 people will be invited to try this new option with an offer letter from the Treasury.

It's supposed to be targeted towards people who don't have an active bank account, had a 2009 annual income of less than $35,000, and did not choose a direct deposit option for their refund check last year, according to MainStreet.

If you could pick, would you choose to go with a prepaid debit card, physical check, or direct deposit?

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