Financial Products, Bank Products, and Bank Partners
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We are pleased to offer numerous bank and financial products from our banking partners.
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Financial and Bank Products
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Refund Anticipation Loan (RAL) - This product allows your clients to obtain
a loan against their expected tax refund. You can print the check for the loan in
your office or have it deposited into your client's bank account. You can have your
fee for tax preparation withheld from the loan and directly deposited into your
account.
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Direct Deposit Check (DDC)* - This product is not a loan. It allows you to
print a check for the taxpayer in your office or have it deposited in your client's
bank account as soon as their refund is received by the bank. Again, tax preparation
fees can be withheld from the check and directly deposited into your account.
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* Product names vary by bank and include Bonu$ check, ERC (Electronic
Refund Check), and RT (Refund Transfer).
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State DDC - Handle each client's state refund the same way as federal refunds.
You can print the check for that refund in your office or have it directly deposited
into the client's bank account.
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Debit Cards - Give clients refunds in the form of a debit card (rather than
a check). The products provided by our bank partners vary, with some cards carrying
the VISA logo, some the MasterCard logo, and some with the bank's logo.
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Payment Options - Your clients may be eligible for advances to assist them
with paying their balance due returns. The fees for this are much less than late
payment fees they might pay to the IRS or to the state, and less than the fees they
would have paid had they chosen to pay by credit card.
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Our Banking Partners
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ADVENT Financial
- Choose Advent Financial’s suite of Refund Settlement Products, including the Get
It Prepaid MasterCard®, and watch your business grow! Advent delivers a host of
enterprise-class tax support services and refund settlement products that are fully
integrated with Drake Software. Along with check and direct deposit disbursements,
Advent proudly offers our Get It Card, the industry's leading debit card, created
specifically to save families money. You can provide meaningful savings to your
clients and achieve improvement in office operations, all while earning additional
rebates for your business.
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EPS Financial
- EPS Financial is a bank product processor that offers flexible and innovative
electronic payment systems to the tax industry. By partnering with EPS, you can
provide your clients more choices and value. The tax industry changes every year
because of shifts in consumer behavior, tax law, regulation and technology. Uncertainty
in the industry limits the number of companies providing innovative solutions. This
environment allows unchallenged growth for companies that seek to provide innovative
solutions. EPS Financial helps tax preparers and tax software developers offer such
innovation, by breaking down barriers to entering the bank product market. Whether
traditional bank products, innovative financial services or prepaid card programs,
EPS can integrate them into your business.
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Republic
Bank & Trust - Republic Bank is committed to providing independent tax businesses
with competitive bank products and the most extensive support available. A taxpayer
sweepstakes, national check cashing affiliations, live training seminars and easily
reached customer service are some of the unique ways Republic Bank ensures the success
of their tax preparers. Additionally, it is a top priority of the bank to process
RALs, Electronic Refund Checks or Deposits with unmatched speed and reliability.
Headquartered in Louisville, Kentucky, Republic Bank has been active in tax refund
processing since 1987.
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River City Bank
- River City Bank is part of a banking family that has been serving bank customers
for over 100 years. Its philosophy has always been to offer products people want,
charge a reasonable fee and treat people fairly with the best service possible.
For 20 years River City has been working in the tax preparation industry; supplying
bank products to EROs and their customers.
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Santa Barbara
Tax Products Group, LLC - SBTPG will offer RT bank products through a relationship
established with MetaBank.
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