Welcome H&R Block Customers

Welcome H&R Block Customers

We are pleased to welcome you to Bank of Internet USA. As we transition your account relationship from H&R Block to Bank of Internet USA, we want you to benefit from the security of a publicly traded, FDIC insured Bank. As an online-only bank, we keep our costs to an absolute minimum and pass along the savings to you while offering , , a comprehensive including , exceptional , and .

FAQ

I received my Tax Return in the form of a cashier's check. Can you verify the check?

H&R Block offers check verification. The phone number for check verification is printed on the front of the check: (877) 210-9305.

Alternatively, you can contact an H&R Block agent that can verbally verify the check at (800) HRBLOCK or (800) 472-5625.

Can you tell me the status of my H&R Block Tax Return?

We would be pleased to help you determine the status of your Tax Return. Because you filed your return with H&R Block, you can contact an H&R Block agent to help you identify the date you will receive your Tax Return at (800)HRBLOCK or (800)472-5625.

Alternatively, you can check the status of your return electronically on H&R Block’s website at: https://www.hrblock.com/taxes/doing_my_taxes/check_status.html.

Lastly, you can check the status of your return electronically on the IRS’s website: https://www.irs.gov/Refunds.

Is the Bank holding money from my tax refund? When will the funds be released?

The Bank does not hold funds from Tax Returns. We invite you to determine the date your tax refund will be delivered by checking the status of your return online at: https://www.irs.gov/Refunds.

You can contact an H&R Block agent that would be happy to help you identify the date you will receive your Tax Return at (800) HRBLOCK or (800) 472-5625.

Why is the refund I received, less than the amount on my return?

The amount of your refund might be reduced due to processing fees, IRS deductions, or IRS errors. You can contact an H&R Block agent that can explain why the amount of your refund is less than the amount specified on your return, at (800) HRBLOCK or (800) 472-5625.

I provided the wrong account number on my Tax Return for my refund. How do I update the account information?

The account information must be updated by H&R Block. Your refund will be sent again after the account information has been successfully updated. You can contact an H&R Block agent that can assist you with updating the account information to ensure you receive your refund in a timely manner, at (800) HRBLOCK or (800) 472-5625.

I received a BofI Federal Bank direct deposit that I do not recognize. I have not filed my taxes, I do not have a prepaid card, and I did not file my taxes through H&R Block. Why did I receive this deposit?

For any transactions that you do not recognize on your account statement with your Bank, we recommend you contact them directly to dispute the transaction as unauthorized.

Where is my 1099? Can I download the document from Online Banking?

Name Purpose When it's issued Date uploaded into online banking
1099-INT Report interest income Issued when aggregate interest earned is $10 or more (Not Issued for IRA Accounts that earned more than $10 in Interest) 1/26/2016
1099-INT Miscellaneous Income For BofI purposes, customers will receive this on the CashBack checking. Any dollar amount we will issue, refer to IRS regarding when the customer is required to report it. 1/26/2016
1099-R Distribution from retirement account (IRA, Roth IRA) If a customer took a distribution of $10 or more from their IRA or Roth IRA. 1/26/2016
FMV Year End Statement Confirms balance of an IRA as of December 31st of the previous year. 1/29/2016

Tell me about Bank of Internet USA

Bank of Internet USA is a division of BofI Federal Bank®, a publicly traded (NASDAQ: BOFI), FDIC-insured diversified financial services company, with approximately $5.8 billion in assets that provides innovative banking and lending products and services to our personal and business customers throughout the United States. We operate our bank from a single location, headquartered in San Diego, California. We aspire to be the most innovative branchless bank in the United States, providing products and services superior to our competitors, branch-based or otherwise. Our customers access their accounts online using their PC, mobile app, tablet, or smartphone. Our offerings include Rewards Checking, Platinum Checking, High-Yield Savings, Money Market Savings, IRAs, Certificates of Deposit, Portfolio Loans, Super Jumbo Loans, and a variety of Business Banking solutions.

What about branch availability and office hours?

We are a branchless bank. Bank of Internet USA brings your everyday banking to your home, office, and anywhere you have your mobile phone. Beginning December 7th 2015 (8AM PT), you can access your account anywhere you have internet access, 24/7. Our Customer Service Agents are also available by calling toll free 877-541-2634 (Select menu option 5) during our call center hours: 6:00 AM - 6:00 PM PT Time Monday through Friday. 

When will my account transfer to Bank of Internet USA?

The transition of your account from H&R Block’s system to Bank of Internet USA’s system will take place over the December 5-6, 2015 weekend. Beginning Monday, December 7, 2015, the system will be ready to service all of your banking needs. Until then, it’s business as usual. 

Will my account number change?

We are pleased to confirm that after your account will be transferred to Bank of Internet USA, your account number will stay exactly the same.

Will my Routing (ABA) Number Change for any automatic debits and credits I have set up on my account?

Direct deposits (ACH credits and debits), automatic withdrawals and wires sent to H&R Block Bank's previous routing number will be accepted for 30 days. To avoid any rejected or returned items, please immediately contact any payroll, auto debit vendors, or senders of wires after December 7, 2015 and update the routing information to 122287251.

Will my account features stay the same?

We’ve chosen a Bank of Internet account that best matches your existing H&R Block Bank account. As indicated in the Welcome Package that was mailed to you, the name of your existing H&R Block Bank account will remain the same at Bank of Internet.  You can find out more about your account plus other important information by checking out other sections of this website.  

How will this bank transfer affect my IRA account?

This transfer has no tax effect on your IRA. The only change is that BofI Federal Bank has replaced H&R Block Bank as the custodian. We will continue to process your automatic distributions and contributions as they are set up today.

What Happens to Online Banking?

On Friday, December 4, 2015 at 5:00 PM PT, the HRB Bank Online Banking system will be deactivated in preparation for the conversion.  Please be sure to make any transfers you might need over that week-end before December 4, 2015

How do I access Online Banking after the account transfer?

To register for online banking, visit www.bankofinternet.com/HRB on or after December 7, 2015 at 8:00 AM PT and click on the "New user" link.  

During new user registration, you will be asked to select a username and password.  You will also set up your enhanced security features. These features will be used as an authentication of your identity in the event you forget your password, or login using a different computer, tablet, or mobile device.

How does the transition affect my ATM Card?

For those Easy Savings customers with existing H&R Block Bank ATM cards, you will receive a new Bank of Internet USA ATM card at least a week before the conversion.   Please continue to use your existing H&R Block Bank card through Sunday December 6th without interruption.  Effective Monday, December 7, 2015 at 12:01 PST, your new Bank of Internet USA ATM Card will be available for use.  After this time, you may call in to activate the card at 877-541-2634 (Option 1, then option 3). Please call to activate your card from your home phone number on record. After activating the card, you can use the card at any ATM machine, and the first PIN you use for your first transaction will be the PIN on your account.   

What about deposits made by mail?

Continue to mail your deposits to the current address until Friday, December 4, 2015.  Beginning Monday, December 7, 2015, deposits should be mailed to:       

                     For Easy Savings                             For IRAs/Roths
                     Bank of Internet USA                        Bank of Internet USA
                     Deposit Servicing                              Retirement Services
                     PO Box 509127                                PO Box 509127
                     San Diego, CA 92150-9948                San Diego, CA 92150-9948

Please make any checks payable to yourself (not to Bank of Internet).

NOTE: any deposits mailed to H&R Block Bank’s PO Box received after December 4th, will still be forwarded to Bank of Internet USA but there could be a delay in posting of 1-2 business days while those deposits are in transit.

Will my HRB Bank interest rate stay the same?

Your savings account will earn the Bank Of Internet's current Easy Savings rate which can change from time to time. Your CD will earn its current rate until maturity. We will honor the terms and conditions of your HRB Bank certificate during its term. However, once your CD matures, it will roll over to the Bank of Internet USA’s Terms and Conditions and interest rates. Bank of Internet USA will mail and email out a maturity notification 30 days prior to maturity. At the end of the 10 calendar day grace period, Bank of Internet USA will send out a renewal notice indicating the term and rate at which your CD renewed. Please refer to the Personal Deposit Account Agreement & Schedule of Fees regarding any other changes concerning your Certificate(s) of Deposit.

Will I continue to receive paper statements?

As a paperless organization, Bank of Internet USA encourages its customers to sign up for free electronic statements (e-Statements). With an e-Statement, you can view and keep transaction history, statements and check images for up to 2 years at no cost.

To register and view your e-Statements, simply follow these steps:

  1. Log into Online Banking.
  2. Click on View Statements near the right hand side.
  3. Select your account and click Enter.
  4. Select the date you wish to view, and click on the PDF button to pull up the statement.

The Bank will mail paper statements for a limited time at no charge as follows:

  • Traditional IRA and Roth IRA Savings Accounts - Annual Fair Market Value statements will be provided at no cost through December 31, 2015. Beginning December 31, 2016, paper statements will be $5.00.
  • Easy Savings customers – quarterly statements will be provided through June 30, 2016 at no cost. Beginning September 30, 2016, paper statements will be $5.00.
  • Certificate of Deposit customers – Annual paper statements through December 31, 2015 will be provided at no cost. Beginning December 31, 2016, statements will be $5.00.

When will I find out more details about the account transfer?

Please explore other sections of this website to read more about Bank of Internet USA and the terms and conditions of our accounts.  Our Privacy Policy and E-Statement Disclosure are also available for review.

A copy of the Traditional IRA Plan Amendment and Roth IRA Plan Amendment mailed in your Welcome Package is also available for review. 

Will I have access to additional products and services?

Bank of Internet USA offers an innovative array of best-in-class products and services; including online banking, mobile banking and award winning checking accounts. After the system integration, we will be happy to help you utilize any of the products or services we have to offer.

Important Disclosures

Bank products and services are offered by BofI Federal Bank. All deposit accounts through BofI Federal Bank brands are FDIC insured through BofI Federal Bank. All deposit accounts of the same ownership and / or vesting held at BofI Federal Bank are combined and insured under the same FDIC Certificate 35546. All deposit accounts through BofI Federal Bank brands are not separately insured by the FDIC from other deposit accounts held with the same ownership and / or vesting at BofI Federal Bank. For more information click here.

The Deposit Account Agreement & Schedule of Fees

provides important information on the Bank's Consumer Checking and Savings accounts along with pertinent details on related services and fees. Below represents our current disclosures effective December 7, 2015.

Privacy Notice — Rev. 07/2015

About BofI Federal Bank

BofI Federal Bank

BofI Holding, Inc. (NASDAQ: BOFI) is the holding company for BofI Federal Bank, a nationwide bank that provides financing for single and multifamily residential properties, small-to-medium size businesses in target sectors, and selected specialty finance receivables. With approximately $6.7 billion in assets, BofI Federal Bank provides consumer and business banking products through its low-cost distribution channels and affinity partners. BofI Holding, Inc.'s common stock is listed on the NASDAQ Global Select Market under the ticker symbol BOFI and is a component of the Russell 2000® Index and the S&P SmallCap 600® Index. For more information on BofI Federal Bank, please visit www.bofifederalbank.com.

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IRA Amendments/Forms

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For More Information Visit

Bank of Internet USA
1-877-541-2634

BofI Holding, Inc. Website
www.bofiholding.com

H&R Block Website
www.hrblock.com