Is Santa Barbara Tax Products Group legit?

Is Santa Barbara Tax Products Group legit?

Is Santa Barbara Tax Product group a legitimate payer of Federal tax refunds representing Turbo Tax? Yes, if you chose to pay product fees through them. They are the intermediary company whose bank receives the funds from the IRS when one chooses to pay TurboTax product fees out of the Federal refund..

How long does it take for Sbtpg to release funds?

SBTPG will show our money received tomorrow morning and will send it to our banks sometime that morning. If you have a prepaid card or a bank that releases your deposit early, you will see your money in your account in the afternoon around 3 or 4pm.

Why do I have a deposit from Santa Barbara Tax Products Group?

Santa Barbara Tax Products Group is used to process your refund when you elect to have your tax preparation fees deducted from your refund. Therefore, your review page is showing a Direct Deposit to them.

Who bought Santa Barbara bank and Trust?

Pacific Capital Bancorp
UnionBanCal Corporation announced Monday that is purchasing Santa Barbara Bank & Trust’s parent company, Pacific Capital Bancorp, for $1.51 billion.

Why did I get a deposit from tax products?

That deposit description is for users who chose to pay their fees out of the Federal refund, and that payment method does require direct deposit.

Why is the IRS sending me a check instead of direct deposit?

Scenario: You omit a digit in the account or routing number of an account and the number doesn’t pass the IRS’s validation check. In this case, the IRS will send you a paper check for the entire refund instead of a direct deposit. The IRS will issue a paper check for the amount of that deposit once it is received.

Does Sbtpg release funds early?

Yes they usualy receive the funds a day or two early and then deduct the fees and send the rest to your bank.

What time of day does Sbtpg update?

They wmr only updates once a day (overnight) but sbbt updates all day long. Last year mine updated around 1030am central time. go to taxpayer section and enter your info just like wmr. Today it was between about 3am and 11am PST.

What is tax products Sbtpg LLC deposit?

A deposit from Tax Products PE1 is most often a Federal refund for those people who chose the option to pay their TurboTax fees out of their Federal refund. That’s handled by an intermediary company called SBTPG (aka Tax Products Group.) Then SBTPG’s bank sends the rest of the Federal refund to your bank account.

What happened to Santa Barbara Bank and Trust?

Five days shy of 51 years later, the news comes that the name, changed to Santa Barbara Bank & Trust after a shift to a state charter, will be gone by 2013, replaced by the name of its acquirer, Union Bank.

Why did I receive a small deposit from the IRS?

IRS Surprise Money Issued As People Find Tax Refund Deposits in Bank Accounts. Some Americans have been surprised by a deposit from the Internal Revenue Service in their bank accounts. They payment was not a fourth stimulus check, but rather a refund for taxpayers who overpaid taxes on unemployment compensation in 2020 …

What is tax Product deposit?

If you received a deposit of your Federal refund from “Tax Products”, aka SBTPG, PE2, etc., that implies you had TurboTax fees that you chose to pay out of your Federal refund. That intermediary company receives the refund from the IRS, subtracts the fees, then sends the rest to your bank account (or card.)