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Ivahew
2 months ago
13

Required retention period for Emerald Card log sheets or scanned images is current tax season plus:

Business
1 answer:
Scilla [3.8K]2 months ago
6 0

The Emerald Card log sheets or scanned images need to be retained for the current tax season plus:

A.) Three years

B.) Two years

C.) Five years

D.) Seven years

E.) None of the above

Answer:

The retention time required is three years beyond the current tax season for Emerald Card log sheets or scanned images.

A.) Three years

Explanation:

The Emerald Advance application was rolled out on November 21 allowing customers to apply at any H&R Block tax office participating in the program. Accepted applicants can receive an unsecured credit limit ranging from $350 to $1,000 until the repayment date on February 15.

The Emerald Card features a substantial daily ATM withdrawal limit of $3,000. Compared to most cards that restrict daily ATM access to under $1,000, the Emerald's cash load cap is somewhat lower at $1,000. If payroll is submitted two business days before the check date, direct deposits will be accessible to the receiving bank by 5 PM PT on the check date.

In instances when the check date occurs on a non-banking day, direct deposits will be processed the next banking day.

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