KANSAS CITY, Mo., March 14, 2023 (GLOBE NEWSWIRE) -- For the more than two-thirds2 of Americans who get money back at tax time, a refund can be a great opportunity to get ahead financially. Each year, H&R Block (NYSE: HRB) helps millions of people navigate their taxes and now, as the company celebrates tax season, people can sign up for Spruce3, a mobile banking app built by H&R Block, in retail tax offices while completing their tax return. Spruce features like a tax refund recommendation and in-app budgeting tools can help customers use this major financial moment that is the tax refund to get better with money and strengthen their financial habits.
“Connecting Spruce to our tax experience is all about providing greater access to financial services for the millions of people who are struggling with their financial health,” said Les Whiting, Chief Financial Services Officer at H&R Block. “By providing a secure, low-cost, transparent and convenient mobile banking platform, we’re helping open the door for millions of people to better manage their money and reach their financial goals.”
Upon signing up, Spruce customers have access to a checking account, savings account, and debit card from Pathward, N.A., member FDIC, the Spruce bank partner. Spruce accounts have no sign-up fees, monthly fees, or minimum balance requirements. Signing up for Spruce in an H&R Block office is quick and easy, and Spruce users can get their federal tax refund up to five days early1 when the refund is deposited directly into the customer’s Spruce account.
Research4 shows one-third of consumers don’t have an intentional plan of how they’ll spend their refund, but 45% are open to advice on the matter. Spruce can help customers put their refund money to good use with its tax refund recommendation feature, which helps customers automatically designate a portion of their tax refund to saving for the future, if they so choose. Furthermore, a newly launched budgeting feature within the Spruce mobile banking app automatically sorts transactions into categories so customers can easily see where their money is going and track spending habits. Spruce users can even choose specific categories to watch closely to make sure spending habits align with money goals.
Click here to learn more about Spruce and find out how to claim a $50 bonus5 with qualifying direct deposits.
About H&R Block
H&R Block, Inc. (NYSE: HRB) provides help and inspires confidence in its clients and communities everywhere through global tax preparation services, financial products, and small-business solutions. The company blends digital innovation with human expertise and care as it helps people get the best outcome at tax time and also be better with money using its mobile banking app, Spruce. Through Block Advisors and Wave, the company helps small-business owners thrive with innovative products like Wave Money, a mobile-first, small-business bank account and bookkeeping solution, that manages bookkeeping automatically. For more information, visit H&R Block News or follow @HRBlockNews on Twitter.
For Further Information: Media Relations: Angela Davied, (816) 854-5798, angela.davied@hrblock.com Heather Woodard (660) 864 – 3836, heather.woodard@hrblock.com Investor Relations: Michaella Gallina, (816) 854-3022, michaella.gallina@hrblock.com Jordyn Eskijian, (816) 854-5674, jordyn.eskijian@hrblock.com