BANK PRODUCTS

Drake provides everything you need to offer bank products, a popular and easy way to add revenue to your tax season. We offer several bank partners and products, at no additional cost to you.

Bank Products

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 it can be deposited into your client's bank account. You can have your fee for tax preparation withheld from the loan and direct deposited into your account.

Direct Deposit Check (DDC) – This type of product goes by various names, depending on the provider: Bonu$ check, ERC (Electronic Refund Check), and 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.

Debit Cards – Give clients refunds in the form of a 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.

Banking Partners

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.

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.

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.

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.