Additional Financial Services
Offered at 4 Tax Sites
MONEY MENU
EARN MORE IN B-MORE!
Savings Accounts
You can open a savings account at a tax site! This is a great way to store your tax refund in a secure spot. MECU of Baltimore allows you to open a Share Savings account at 4 of our Baltimore CASH tax sites! This account will make you a member of MECU and will allow you to use their services.
Convenient Cash Card
How it works
You can also get an Advent Convenient Cash Card (a Prepaid Debit Card with a Mastercard logo) when you get your taxes done. Use it as a convenient way to manage your money!
- The IRS can directly deposit your refund onto the card
- Your employer can also directly deposit your paycheck
- Uncle Sam can directly deposit your social security or other benefits
- Reload your card at select locations with cash or checks!
Benefits of the Cash Card
Fast! Direct deposit is faster than a check from the IRS
Get your refund within 7 to 12 days!
Save Money! No check cashing fees
No bounced checks or overdrawn accounts
No minimum balance requirements
Free money transfers from bank account to card
Safe! No need to carry large amounts of cash!
Convenient! - Get your refund on a card and not in a check
- Use a card instead of cash to buy things
- Accepts payroll deposits
- Use your card for store purchases, to pay bills,
or for ATM cash withdrawals
- You can deposit checks and cash at any “Green Dot” location
(Rite Aid, Walgreens, CVS, Radio Shack)
The Convenient Cash Card is a service sponsored by Advent Financial Services and Baltimore CASH Campaign designed to make your financial transactions EASIER!
Savings Bonds
A U.S. Savings Bond is the perfect gift to give to your loved ones or to yourself!
This is the kind of gift that keeps on giving. This is a safe way to invest, earn interest, and have cash waiting for a future need. You will not have to keep this type of bond for 20 years. It is possible to cash them in as little as one year.
Give a savings bond to a loved one at the Bon Secours and MOED Mondawmin tax sites!
NEW! You can also purchase a savings bond for yourself on the Tax Form 8888 for the first time this year. You can split your refund when you have your taxes done and look forward to getting a larger sum of money with interest in a year! Available at ALL tax sites!
Certificates of Deposit (CDs)
Get 2 refunds this year! One now & one 12 months from now!
SAVE NOW, PAY LATER!
A CD is another great way to save some of your refund and allow it to grow interest over time. Use some of your money to pay your necessary bills NOW and then let the money you need for LATER earn interest! You will have more money to spend on holiday shopping, vacations, emergencies, and car repairs! Stash some of your money away now to cover these upcoming purchases. It will feel like you got two refunds this year!
HOW DO CDs WORK?
Some of your refund will be directly deposited into a Certificate of Deposit. In 12 or 24 months (depending on your preference) you will be able to access this money with interest earned!
Putting your money into a CD instead of a savings account will give your money a higher interest rate. The money will be stored into this locked account for a specific time period of 12 months. The money increases in value with a higher interest rate because it stays in the bank without transactions.
Leave the money alone for a while in the bank and when you receive it after 12 months, you will get all your money, plus some earned interest!
Open a CD with MECU credit union (Note: you must open a savings account with them first).