Direct2Cash: Walmart Offers Customers Tax Refunds in Cash

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Walmart (WMT) is offering tax refunds in cash.

WalmartThe Direct2Cash program will give customers the option of picking up their tax refunds at Walmart stores. 25,000 Jackson Hewitt tax preparers will work with the retailer to make this happen.

Walmart said it doesn’t plan on adding a fee to the service but tax preparers may charge up to $7 per person. The company will offer tax refunds of up to $7,500.

“Customers who choose Walmart Direct2Cash will receive an email notification with a unique code, and all they have to do is take that code to a Walmart store, show ID, and collect their cash,” said the company in a blog post.

Direct2Cash offers refunds for both federal and state refunds.

WMT stock is down 0.1% Tuesday afternoon.

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Article printed from InvestorPlace Media, https://investorplace.com/2015/01/direct2cash-walmart-tax-refunds/.

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