A RAL is not a quick, fast or instant refund. It is a high-interest loan. The lender will charge you interest and fees, which will reduce your refund.
Before you enter into a RAL agreement with a tax preparer, the preparer must give you a written disclosure statement that explains:
~you aren’t required to take a RAL in order to receive your tax refund
~the amount of fees and interest you will have to pay if you take a RAL
~the amount you will receive after the fees and interest are deducted
~the annual percentage rate of interest that you will be charged
~the amount your refund will be if you don’t take out a RAL