System and method for provisioning anticipated tax refund, income or consumer loans

A computer readable storage medium having stored thereon executable program code for implementing a method for provisioning a loan that, when the program code is executed, is operable to perform a method comprising the steps of:

• receiving tax return information wherein said tax return information is associated with a taxpayer and said tax return information includes an expected refund amount and authorization for a combined bank to receive said expected refund amount;
• determining whether or not there is a debt indicator associated with said tax return;
• requesting an account for said taxpayer from a combined bank wherein said host bank will also fund said loan under the same charter;
• requesting loan funding for said taxpayer account from said combined bank if said debt indicator meets prescribed criteria;
• and
• receiving said expected refund amount at said combined bank, wherein said loan funding is offset by receipt of the expected refund amount at said combined bank.

A system for provisioning a loan comprising:

• means for receiving tax return information wherein said tax return information is associated with a taxpayer and said tax return information includes an expected refund amount and authorization for a combined bank to receive said expected refund amount;
• means for determining whether or not there is a debt indicator associated with said tax return;
• means for requesting an account for said taxpayer from a combined bank wherein said combined bank will also fund the loan under a the same charter;
• means for requesting loan funding for said taxpayer account from said combined bank if a debt indicator is within prescribed criteria;
• and
• means for receiving said expected refund amount at said combined bank, wherein said loan funding is offset by receipt of the expected refund amount at said combined bank.