Tri Tax of San Pedro, Calif., is offering a debit card for customers to receive tax refunds and paycheck deposits, which the tax-preparation franchisor called a draw for underbanked consumers.

"Workers who currently pay high check-cashing fees may save hundreds of dollars by using the Tri Tax Debit Card, while also avoiding banking hassles or waiting weeks for checks to arrive by mail," the company said Friday. It did not identify the bank issuing the card.

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