Drake provides everything you need to offer bank products, a popular and easy way
to add revenue to your tax season, while giving your customers options to pay fees
with their refund. We offer several bank partners and products, at no additional
cost to you.
Direct Deposit Check (DDC) – This type of product goes
by various names, depending on the provider: Bonu$ check or RT (Refund Transfer).
This product is not a loan, but 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 the
refund is received at the bank. Again, tax preparation fees can be withheld from
the check and direct deposited into your account.
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 direct deposited into the client's bank account.
Prepaid/Debit Cards – Give clients refunds in the form
of a prepaid or debit card (rather than a check). Products and details vary by provider.
Payment Options – Your clients may be eligible for advances
to help pay 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
incur if they pay by credit card.
– 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.
– 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.
Bank & Trust Company – With over 15 years of experience in the e-file industry,
Republic Bank Tax Refund Solutions is a reliable and experienced bank partner for
your business dedicated to delivering a smooth tax season year in and year out.
Annually recognized as one of the top performing banks in America, Republic Bank
is a stable industry leader that successfully handles millions of taxpayer refunds
each year through over 10,000 tax preparation offices across the country. Several
unique program features provide value to you and your customers including affordable
check cashing options, extensive marketing assistance, comprehensive online tools,
a commitment to responsible business practices and more.
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.
Tax Products Group,
LLC – Santa Barbara Tax Products Group (TPG) was established in 2010 upon
purchasing the Tax Products Group of Santa Barbara Bank & Trust. Building on a legacy
of over 20 years of industry leadership, TPG, in cooperation with its banking partners,
offers quality financial products to the e-file industry that satisfy consumers'
needs, are priced fairly and provide true value. TPG has established a reputation
for superior customer service and product reliability by investing in long-term
relationships and providing tax professionals with a program to help retain and
grow business for years to come.