TULSA - Use it or lose it.
It's what some folks are finding out when they get around to using the debit card they received from Oklahoma for their tax refund.
Jenetta says, "I used my debit card once several weeks ago. My receipt shows what my balance should be. But when I used it again this week, my balance had been reduced by several dollars.
There must be some fees involved. That frustrates me, since I never wanted my refund on a debit card in the first place."
Here's what happens.
If you don't use the card for 60 days, a fee of $1.50 is deducted from your balance every month.
If you don't want to keep your money in that debit card account, can go-online to have the entire amount transferred to your checking or savings account.
That'll cost you 75 cents.
Or, you can go to most banks and withdraw the entire amount and either keep the cash, or deposit that into your personal account.
And the Oklahoma Tax Commission wants folks to remember, they can choose to have their state refund deposited directly into their bank account, by providing their routing and account number on their return.
The state no longer issues checks for refunds.
If you have other questions about your debit card, you can find answers on the Oklahoma Tax Commission's website.
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