Unexpected Deposit From TPG PRODUCTS ENTRY: SBTPG LLC ORIG GREEN DOT BANK - What Is This?

This is actually more common than you might think. TPG (Santa Barbara Tax Products Group) is the bank partner that many tax preparation services use to process refunds when customers choose to have their preparation fees deducted from their refund. They're essentially the middleman between the IRS and you when you choose that payment option. There are a few possibilities for why you received this deposit. First, it could be an adjustment from a previous tax return where they withheld too much for processing fees. Second, some tax preparation companies have had settlement agreements where they had to refund certain fees that were deemed excessive or improperly disclosed. The fact that it includes coins rather than a whole dollar amount suggests it might be a specific calculated refund rather than a rounded tax adjustment. This makes me think it's more likely related to a fee settlement or adjustment. I'd recommend checking any emails you might have received from your previous tax preparation company. Sometimes these settlements are announced but the emails look like spam so people ignore them.

After dealing with similar confusion with an unexpected deposit, I discovered taxr.ai https://taxr.ai and it was honestly a game-changer. I uploaded my bank statement showing the mysterious TPG PRODUCTS ENTRY: SBTPG LLC ORIG GREEN DOT BANK deposit, and their system was able to analyze it and explain exactly what it was from. In my case, it turned out to be related to a settlement from a tax prep service I'd used years ago that had charged hidden fees. I'd completely forgotten about it. Their document analysis saved me hours of frustrating phone calls with customer service reps who had no clue what I was talking about.

Alright I need to apologize for being skeptical. I went ahead and tried taxr.ai after posting my doubtful comment. I uploaded my statement with a similar TPG PRODUCTS ENTRY deposit, and they actually identified it as part of the settlement related to hidden "technology fees" that several tax prep companies had been charging. The system matched my deposit amount to a specific settlement percentage and explained exactly why it included cents (it was calculated as a percentage of what I'd paid). They even provided links to the settlement documentation. I'm genuinely impressed and feel kind of silly for being so skeptical now.

I had the exact same issue with a mysterious TPG PRODUCTS ENTRY: SBTPG LLC ORIG GREEN DOT BANK deposit. After getting nowhere with their customer service (kept getting disconnected or transferred to people who couldn't help), I tried Claimyr https://claimyr.com and watched their demo at https://youtu.be/_kiP6q8DX5c. They got me connected to a real TPG representative who had access to their settlement database. Turns out my deposit was from a class action settlement where they had to refund processing fees for specific tax years. The reason regular customer service couldn't help is they need to transfer you to a specific department that handles these settlements, but most calls never make it there.

I have to admit I was completely wrong about Claimyr. After posting my skeptical comment, I decided to try it since I was desperate to figure out my own TPG PRODUCTS ENTRY deposit. Within 27 minutes they had me on the phone with someone from TPG's financial reconciliation team. The representative explained that my deposit was from a settlement regarding improperly disclosed processing fees from 2022-2023 tax filings. The reason it had cents was because it included interest calculated through the settlement date. Regular customer service representatives don't have access to this information, which is why I kept hitting dead ends trying to call on my own.

Just wanted to add something important - if you get one of these TPG PRODUCTS ENTRY: SBTPG LLC ORIG GREEN DOT BANK deposits, don't spend the money right away! In some cases, they can be mistakes that get reversed. My sister got one last year, spent it, and then two weeks later they pulled the money back out because it was meant for someone with a similar account number. She ended up with overdraft fees because of it. Always better to wait a couple weeks to make sure it's legitimate before spending unexpected money!

Question for anyone who knows - are these TPG PRODUCTS ENTRY: SBTPG LLC ORIG GREEN DOT BANK deposits considered taxable income? Do I need to report this on next year's taxes if I got one of these settlement payments?

I can share some additional context about TPG deposits that might help. TPG (Santa Barbara Tax Products Group) processes refunds for major tax preparation companies like TurboTax, H&R Block, and Jackson Hewitt when customers opt for refund transfer services or have fees deducted from their refund. These unexpected deposits often stem from a few specific situations: 1) Class action settlements related to undisclosed or excessive fees charged between 2019-2023, 2) Interest adjustments on previous refund transfers where they held funds longer than legally required, or 3) Corrections for miscalculated processing fees. The inclusion of cents is actually a good sign that it's legitimate - these settlements and adjustments are calculated based on exact percentages and interest rates rather than rounded amounts. If you used any major tax software or tax preparation service in the past few years and chose to have fees deducted from your refund, you likely have a legitimate claim to this money. To verify, you can reference your old tax documents to see if TPG or SBTPG appears anywhere as a payment processor. Most people don't realize they used TPG because it operates behind the scenes for the major tax prep companies.

This is really helpful information! I actually just realized I might have gotten one of these deposits too but didn't connect it to TPG at first. Looking back at my bank statements, I see a deposit for $78.55 from "SBTPG LLC" that I couldn't figure out. I used TurboTax back in 2022 and chose to have the fees deducted from my refund, so that would explain the TPG connection. It's frustrating that they don't send any explanation with these deposits - I spent way too much time worrying it was some kind of mistake or fraud. For anyone else wondering, it sounds like if you used any of the major tax prep services in recent years and had fees deducted, you should check your statements for these deposits. The amounts mentioned ($42.17, $78.55, $103.92) seem to be the most common settlement amounts based on what people are reporting here. Thanks to everyone who shared their experiences - it really helps to know this is a legitimate thing and not something to worry about!

I just wanted to thank everyone who contributed to this thread - it's been incredibly helpful! I received a similar deposit from TPG PRODUCTS ENTRY: SBTPG LLC ORIG GREEN DOT BANK for $78.55 last week and was completely baffled by it. After reading through all the responses here, I checked my old tax documents and found that I had used FreeTaxUSA in 2022 and opted to have their fees deducted from my refund. Sure enough, TPG was listed as the payment processor on my paperwork, though I had completely forgotten about that detail. The amount matches one of the common settlement amounts mentioned in this thread, and the timing makes sense given what others have shared about the class action settlements for undisclosed fees. It's such a relief to understand what this deposit is for instead of worrying it was some kind of error or fraudulent activity. One thing I'd add for future readers - if you're trying to track down the source of your deposit, look for any tax preparation service you used between 2019-2023 where you chose to have fees deducted from your refund. Even if you don't remember using TPG specifically, they likely processed the transaction behind the scenes for whatever company you did use. Thanks again to everyone who shared their experiences and solutions!

I'm going through the exact same situation right now! Got a deposit for $103.92 from TPG PRODUCTS ENTRY: SBTPG LLC ORIG GREEN DOT BANK yesterday and had no clue what it was for. After reading through everyone's experiences here, I checked my old tax records and found that I used TaxAct in 2022 and chose to have their preparation fees deducted from my refund. Looking at my paperwork more carefully, I can see TPG listed as the payment processor, though like everyone else, I had completely forgotten about this detail. The amount I received matches one of the common settlement amounts mentioned in this thread, which gives me confidence it's legitimate rather than some kind of banking error. What really strikes me is how many different tax preparation companies use TPG behind the scenes - TurboTax, H&R Block, FreeTaxUSA, TaxAct, and others. No wonder so many people are confused when these deposits show up with no explanation attached! Thanks to everyone who shared their detective work on tracking these down. It's saved me hours of frustrating phone calls trying to figure out where this money came from. For anyone else dealing with this, definitely dig through your old tax documents from 2019-2023 if you ever chose the fee deduction option - you'll likely find TPG mentioned somewhere as the processor.

I just want to add my experience to help others who might be dealing with this same confusion. I received a $78.55 deposit from TPG PRODUCTS ENTRY: SBTPG LLC ORIG GREEN DOT BANK about two weeks ago and was completely stumped about where it came from. After reading through all these helpful responses, I went digging through my old tax documents and discovered that I had used Credit Karma Tax (now Cash App Taxes) back in 2021 and opted to have their fees deducted from my refund. Sure enough, when I looked at the fine print on my tax documents, TPG was listed as the refund processor. What's particularly frustrating is that I never received any notification about this settlement or deposit - no email, no letter, nothing. The money just appeared in my account with that cryptic bank description that made me think it might be fraudulent. For anyone still trying to figure out their deposit, I'd suggest checking not just the major tax prep companies but also the smaller or newer ones like Credit Karma Tax, Cash App Taxes, or even some of the free filing services. TPG seems to process for a huge range of tax preparation companies, many of which we might not immediately think to check. The amount I received ($78.55) matches exactly what others have reported, which gives me confidence this is part of the legitimate class action settlement everyone's discussing. Thanks to this community for helping solve the mystery!

I'm experiencing the exact same thing! Just got a $78.55 deposit from TPG PRODUCTS ENTRY: SBTPG LLC ORIG GREEN DOT BANK this morning and was completely baffled. After reading through everyone's experiences here, I dug through my old tax files and found that I used Jackson Hewitt's online service back in 2022 with the fee deduction option. Looking at my paperwork more carefully, TPG is indeed listed as the payment processor in small print at the bottom - something I completely overlooked at the time. The deposit amount matches exactly what others have reported for these class action settlements, which is reassuring. What's really frustrating is the complete lack of communication about these deposits. No letter, no email explanation, just money appearing in your account with a cryptic bank description that honestly looks suspicious at first glance. I was literally googling "TPG PRODUCTS ENTRY fraud" before I found this thread! For anyone else trying to solve this mystery, definitely check ALL your tax prep services from 2019-2023, even ones you might not think use third-party processors. TPG seems to handle refund processing for almost every major tax preparation company, but they operate completely behind the scenes so most of us never realize we've dealt with them. Thanks to everyone who shared their detective work - this community has been incredibly helpful in solving what could have been a very stressful mystery!