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gmahoney
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The RAL neans Refund Anticipation Loan, and the loan can be issued by check or direct deposit (ACH) ACH can be any bank process, including the IRS refund. ACH means Automatic Clearing House) and is one method the bank uses to process transactions. The RAL is offered by a company that pays you ahead of time for your anticipated refund, and they generally charge a very hefty fee for it. If you wait for the IRS to process your refund, it takes longer, but they can deposit directly into your bank, it takes 2 - 3 weeks, and your bank might charge for a direct deposit (ACH) but it will be a small fee.
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