Whoever is working the IT side of things for this digital product is a grade-A grifter extracting value from the economy without contributing anything to it. The College Investor does not offer investment advisor or brokerage services, nor does it recommend buying or selling particular stocks, securities, or other investments. The following data may be collected and linked to your identity: Privacy practices may vary, for example, based on the features you use or your age. You can file your return and receive your refund without applying for a Refund Transfer. If you havent gotten a card from them, they want the card info before sending you another card! The developer, HRB Tax Group, Inc., indicated that the apps privacy practices may include handling of data as described below. Any investing information provided on this page is for educational purposes only. Consult your own attorney for legal advice. Interest calculated on current balance at day of deposit. Line balance must be paid down to zero by February 15 each year. Enrolled Agents do not provide legal representation; signed Power of Attorney required. Comparison based on regular price for standard paid DIY products on turbotax.com as of 3/1/2023. At the moment, Spruce doesnt offer early deposit for state tax refunds. Accounts may be opened through the Spruce app and on the Spruce website. When you turn on the Round Up feature in your account, Spruce rounds up the value of every purchase and ATM transaction to the next dollar. 0 Get a $50 bonus when you receive qualifying direct deposits. FRA2. HRB Maine License No. Spruce is a new fintech platform created by the tax preparation company H&R Block. US Mastercard Zero Liability does not apply to commercial accounts (except for small business card programs). Our opinions are our own. Other Offers You May Like Premier Savings - Up to 4.13% APY Click Here to Learn More 4.13% APY when you have at least $1,000 balance No minimum opening deposit No monthly service fees Once the transaction settles, youll receive the difference in your Savings account. Conditions and exceptions apply see your, The Check-to-Card service is provided by Sunrise Banks, N.A. Our customers already trust us with their most personal financial details when we help them file their taxes, and we created the Spruce solution to help address their unmet banking needs, too.. These funds are generally made available the day the payment instruction is received, which may be up to 2 days earlier than the payers scheduled payment date. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. H&R Block created Spruce to address this gap and bolster financial inclusion by helping people build healthy financial habits every day. Requires 1) opening of new Spruce Accounts between 1/1/23 and 6/30/23; and 2) $200 in qualifying direct deposits within 45 days of opening. Spruce fintech platform is built by H&R Block, which is not a bank. MetaBank strives to remove barriers to financial access and promote economic mobility by working with third parties to provide responsible, secure, high quality financial products that contribute to the social and economic benefit of communities at the core of the real economy. Among other things, we may receive free products, services, and/or monetary compensation in exchange for featured placement of sponsored products or services. Update: HRBlock called me finally and kinda fixed the situation but not entirely. To be eligible, accountholder must receive $200 in qualifying deposits over the relevant 35-day period and opt in. Requires 1) opening of new Spruce Accounts between 1/1/23 and 6/30/23; and 2) $200 in qualifying direct deposits within 45 days of opening. MetaBank strives to remove barriers to financial access and promote economic mobility by working with third parties to provide responsible, secure, high quality financial products that contribute to the social and economic benefit of communities at the core of the real economy. See your. Spruce fintech platform is built by H&R Block, which is not a bank. * - You're Protected With Courtesy Coverage. We appreciate it and you for being a part of the Spruce community. Payroll, unemployment, government benefits and other direct deposit funds are available on effective date of settlement with provider. With Spruce, you can receive your federal tax refund up to 5 days early. To qualify for the H&R Block Maximum Refund Guarantee, the refund claim must be made during the calendar year in which the return was prepared and the larger refund or smaller tax liability must not be due to incomplete, inaccurate, or inconsistent information supplied by you, positions taken by you, your choice not to claim a deduction or credit, conflicting tax laws, or changes in tax laws after January 1, 2022. Cash back rewards. A Red Ventures company. An ITIN is an identification number issued by the U.S. government for tax reporting only. Direct Deposit Required: Yes Please drop us a line at solutions@sprucemoney.com so we can investigate this issue further. Spruce also doesnt charge foreign transaction fees. Last month, Block teamed up with Meta Financial's MetaBank to introduce Spruce, which gives clients a spending account, a debit card, and a mobile app, along with a connected savings . Well you can add money to spruce but good luck getting any money out of spruce. Its a convenient, flexible, and yep fun home base for your day-to-day funds and longer-term savings too. The Spruce mobile banking app includes nudges to help users set personalized savings goals and keep them. 5 Stars. Bank products by Pathward, N.A., Member FDIC. Legal DisclaimersSpruce fintech platform is built by H&R Block, which is not a bank. 3 There is no fee to withdraw money at Allpoint ATMs. II. and Ingo Money, Inc., subject to the Sunrise Banks and Ingo Money Service. With Spruce, you'll open checking and savings accounts. No sign-up fees. Which is great because one of the benefits is direct deposits up 2 days early and I got it even sooner than that! Additional fees may apply. BIG MISTAKE !!! H&R Block is not a bank. Cards issued pursuant to license by Mastercard. Get a $50 bonus when you receive qualifying direct deposits with SpruceBecause it pays to be better with money. Spruce is a Mobile Banking App and includes a Debit Card with Benefits Saving goals. It does not provide for reimbursement of any taxes, penalties, or interest imposed by taxing authorities and does not include legal representation. This course is not open to any persons who are currently employed by or seeking employment with any professional tax preparation company or organization other than H&R Block. Emergency fund? You have it. Saving goals. Spruce Accounts may not be closed or restricted at payout. The Spruce mobile banking app can be downloaded in app stores. As the pandemic continues, and related economic uncertainty has highlighted the value of simple, easy-to-use spending and savings tools, Spruce, built by H&R Block with banking products powered by MetaBank, N.A. When you use Spruce, it's easy to set and monitor your progress toward financial goals. Additional training or testing may be required in CA, OR, and other states. . Are There Any Fees? There are limits on the total amount you can transfer and how often you can request transfers. FRA2. Check the app for offers. Creating and launching Spruce is a huge milestone for our company as we continue to execute on our transformation and growth strategy, Block Horizons 2025., For decades, our core tax customers have been hard-working Americans who are trying to make ends meet. Online bank vs online banking platform: Which is better for you? Discover money tips & financial resources. Apple and the Apple Logo are registered trademarks of Apple Inc. Google Play and the Google Play logo are trademarks of Google LLC. Spruce fintech platform is built by H&R Block, which is not a bank. The content on Money Crashers is for informational and educational purposes only and should not be construed as professional financial advice. You can set up individual financial goals through the account and evaluate them through charts that track your progress. Spruces optional Round Up feature can help you reach your savings goals even faster. All three banking platforms require no minimum opening, deposit, or monthly fees. Additional time commitments outside of class, including homework, will vary by student. All deposit accounts through Pathward are FDIC insured. We compared Spruce Banking to two other online banking platforms: Chime and One. Refund Transfer is a bank deposit product, not a loan. Terms and conditions apply; see. Its your credit make sure youre in charge. To address these needs, H&R Block (NYSE: HRB) announces the launch of the Spruce mobile banking platform to help everyone be good with money. You could receive a $50 bonus and get paid two days early. Youre welcome to contact our media team about your story. Refund Transfer is an optional tax refund-related product provided by Pathward, N.A., Member FDIC. This includes the more than 21 million households that already turn to H&R Block for their most significant financial event of the year, their tax return. OBTP#B13696. Any Retail Reload Fee is an independent fee assessed by the individual retailer only and is not assessed by H&R Block or Pathward. 6 Courtesy Coverage is only available for purchase transactions, ATM withdrawals, and over-the-counter withdrawals using the Spruce debit card. Please drop us a line at solutions@sprucemoney.com or call us at 1-855-977-7823 so we can investigate this issue further and work on getting it fixed. It gets worse from there.. Refund Transfer is a bank deposit product, not a loan. Spruce has some other key benefits. The perks include automatic cash back and early direct deposit. If you discover an H&R Block error on your return that entitles you to a larger refund (or smaller tax liability), well refund the tax prep fee for that return and file an amended return at no additional charge. Get location hours, directions, customer service numbers and available banking services. At The College Investor, we want to help you navigate your finances. Spruce users can access more than 55,000 ATMs nationwide without fees. CAA service not available at all locations. See Spruce Rewards powered by Dosh Terms for details. I log in, email, password, and then a screen says nice let's set up your account. HRB Tax Group, Inc. State restrictions may apply. It was recommended to me when I visited H&R block to do my taxes. Year-round access may require an Emerald Savingsaccount. Were sorry to hear about the poor customer service experience you had and wed like to help! The Income Tax Course consists of 62 hours of instruction at the federal level, 68 hours of instruction in Maryland, 80 hours of instruction in California, and 81 hours of instruction in Oregon. Thank you! H&R Block, Bankrates 2023 winner for Best Overall Online Tax Filing Software. Endorse your check, then tap "Next". And, for a limited time, you'll get a $50 bonus when you receive qualifying direct deposits. Amended tax returns not included in flat fees. We believe in a future with equitable access to easy and affordable banking. Form your business and you could get potential tax savings. The Spruce solution includes a spending account with a debit card, along with a connected savings account that allows for budgeting for specific goals. All Rights Reserved. Courtesy Coverage is optional negative balance coverage on your Spruce Spending account. Comparison based on regular price for standard paid DIY products on turbotax.com as of 3/1/2023. February 03, 2022, 4:31 p.m. EST 6 Min Read. 2 Get a $50 bonus when you receive qualifying direct deposits. Visit the resource center for money tips and financial knowledge. Access your account anywhere, anytime for balance checks on-the-fly, finding ATMs in a flash, and so much more. Original supporting documentation for dependents must be included in the application. Additional information can be found by visiting www.metafinancialgroup.com. I have called 3 times and had 3 different cards issued to me and have yet to receive 1. You can file your return and receive your refund without applying for a Refund . out A 0% interest loan of up to $3,500 received within minutes of filing, if approved. Member FDIC, provides the financial know-how that many Americans urgently need. Get help using Spruce online banking services. Our deep understanding of their needs helped us uncover that whats been missing in mobile banking are easy-to-use features in a product from a company people know and trust, said Les Whiting, Chief Financial Services Officer of H&R Block. No credit check to apply. Fees for other optional products or product features may apply. As a Spruce member, youll pay no fees to withdraw funds from Allpoint ATMs, of which there are thousands around the United States. CTEC# 1040-QE-2662 2022 HRB Tax Group, Inc. The editorial content on this page is not provided by any bank, credit card issuer, airline, or hotel chain, and has not been reviewed, approved, or otherwise endorsed by any of these entities. If you have a high account balance, you also may want to consider other options. Member FDIC, provides the financial know-how that many Americans urgently need. . Void where prohibited. Cash back earned by qualifying purchases will be deposited in the Spruce Savings Account. Terrible service. See www.SpruceMoney.com/fees for details. At this time, the banking platform doesn't allow you to only open a Spruce Savings or Spruce checking account by itself. Were sorry for the issue you encountered with Spruce, and wed like to help. Earn rewards automatically.1Go to disclaimer for more details When you use Spruce, youll get access to rewards when you shop select retailers you know and love. Please fix ASAP Update: Thinking it was a problem with the app, I go straight to the website. Spruce is a financial technology platform built by H&R Block, which is not a bank. H&R Block Maine License Number: FRA2. To qualify for early direct deposit, you must receive at least $200 in cumulative direct deposits from a benefits provider or employer (not your tax refund) within a 35-day qualifying period. Spruce Spending and Savings Accounts established at, and debit card issued by, Pathward, N.A., Member FDIC, pursuant to license by Mastercard. This is a separate service from Spruce Spending and Savings accounts provided by MetaBank, N.A., Member FDIC. ; it is not your tax refund. With the Spruce mobile banking app on your phone, you have control of your finances on-the-go, and the tools you need to be good with money. The one disadvantage to this account is you won't earn any interest. Fees apply. Spruce has no sign-up fees, no monthly maintenance fees, and no minimum balance requirements. H&R Block is a registered trademark of HRB Innovations, Inc. TurboTaxand Quickenare registered trademarks of Intuit, Inc. TaxActis a registered trademark of TaxAct, Inc. Windowsis a registered trademark of Microsoft Corporation. Offers vary by user, merchant location and offer period. Apple and the Apple Logo are registered trademarks of Apple Inc. Google Play and the Google Play logo are trademarks of Google LLC. Emerald Advance, When you use an ATM, in addition to the fee charged by the bank, you may be charged an additional fee by the ATM operator. Somehow I ended up with this Speuce account with no card and my taxes are just sitting. When you use your Spruce debit card to make online or in-person purchases with select merchants, you can earn cash-back rewards. I keep being told they have to send emails and I have to wait 5 business days or longer for any assistance. H&R Block does not provide immigration services. Thanks for your review! An ITIN is an identification number issued by the U.S. government for tax reporting only. Literally. But if youre in the market for a new way to spend and save, its definitely worth a close look. The Spruce mobile banking app includes nudges to help users set personalized savings goals and keep them. H&R Block Free Online, NerdWallets 2023 winner for Best Online Tax Software for Simple Returns. Audit services only available at participating offices. Tax Audit & Notice Services include tax advice only. Spruce is a mobile banking platform built by H&R Block, with banking products provided by Pathward. HRB Maine License No. You'll also have access to over 55,000 fee-free ATMs through the Allpoint network. Rince and repeat. Enter the deposit amount. Spruce is the mobile banking app for you. Spruce Spending and Savings Accounts established at, and debit card issued by, Pathward, N.A., Member FDIC, pursuant to license by Mastercard. Choosing between these three platforms will likely hinge on what you prioritize in your banking experience. The company blends digital innovation with human expertise and care as it helps people get the best outcome at tax time and also be better with money using its mobile banking app,Spruce. Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airline, or hotel chain, and have not been reviewed, approved, or otherwise endorsed by any of these entities. What Is A 529 Plan and Where to Open One in Your State, How Much Should You Have In A 529 Plan By Age, How To Use A 529 Plan For Private Elementary And High School. All Rights Reserved. State e-file not available in NH. LearnMore. Cash-back rewards are provided by Dosh. *Go to disclaimer for more details. Spruce is a mobile banking platform built and backed by H&R Block. Among the dozens of newish fintech platforms Ive examined and reviewed over the past year or two, Spruce stands out for its simplicity, usefulness, and transparent fee structure. This means their mobile app does NOT sync with your phone or know who you are !!! Thank you! Minimum balance of $5,000 required to open account and obtain the APY. If you are looking for a simple solution for your mobile banking needs that will help you get better with your money, try the Spruce Spending and Savings Accounts to get a $20 bonus with a direct deposit. You have to wait 5 days for someone to reach out to you but I told them Id contact my attorney for holding funds hostage and they called right away. The Spruce mobile banking app includes nudges to help users set personalized savings goals and keep. This is a separate service from your Spruce bank accounts, provided by Pathward, N.A. Spruce, a mobile banking platform built by H&R Block, provides comprehensive capabilities supported by its banking partner, Pathward, N.A. ThroughBlock AdvisorsandWave, the company helps small-business owners thrive with innovative products like Wave Money, a small-business banking and bookkeeping solution, and the only business bank account to manage bookkeeping automatically. *Go to disclaimer for more details. Again, Spruce generally makes funds available when it receives payment instructions, which can come up to 2 days ahead of your scheduled payday. If you had to think for even a moment about how to answer, you might be ready for a change. Were sorry for the issue you encountered with Spruce, and wed like to help. . Get your federal tax refund up to five days early.7Go to disclaimer for more details, Score a $50 bonus when you receive qualifying direct deposits. *Go to disclaimer for more details. Spruce - Mobile banking is quiet safe to use but use with caution. Umm. This is based on our NLP (Natural language processing) analysis of over 135 User Reviews sourced from the Appstore and the appstore cumulative rating of 3.4/5 . If approved, funds will be loaded on a prepaid card and the loan amount will be deducted from your tax refund, reducing the amount paid directly to you. Neither H&R Block nor Pathward charges a fee for Emerald Card mobile updates; however, standard text messaging and data rates may apply. Theres no sign-up fee, monthly maintenance fee, or transaction fee at any of the thousands of ATMs in the Allpoint network. You must opt in and meet ongoing requirements to qualify: Spruce makes it easy to set and track savings goals right in the app. BBB ratings won't necessarily guarantee your relationship with a bank will be perfect, though. I downloaded the app and applied for account. Audit services constitute tax advice only. # Spruce Rewards powered by Dosh. Negative balances are limited to $20 and must be repaid within 30 days. Here's how Spruce. Receive your federal refund up to 5 days early with Spruce. They tell me they can see the account and all my info matches but I have no access to my money. Your wireless carrier may charge a fee for text messaging or data usage. There's also a fee if you go inside a another bank and withdraw cash with a teller. Additional information can be found by visiting www.metafinancialgroup.com. Through Dosh, its rewards partner, Spruce teams with over 10,000 retail locations, including many merchants grocery stores, restaurants, hotels you may already spend with. Negative balances are limited to $20 and must be repaid within 30 days.