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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.

Bank Products

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. 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.

Banking Partners

EPS Financial – EPS Financial is a bank product processor that offers flexible and innovative electronic payment systems to the tax industry. e-Collect is still the lowest cost bank product in the industry, including a no-cost disbursement option. e-Collect allows you to pass on competitive savings to your customers. New for 2015 is a second program called e-Bonus, still priced less than the industry average and offering a rebate to the tax preparer, no minimum products and no negotiating behind closed doors. By partnering with EPS, you can provide your business and your clients more choices and value.

Republic Bank & Trust Company – With over 15 years of experience in the e-file industry, Republic Bank Tax Refund Solutions is one of the leading national providers of Refund Transfers (RTs). Republic Bank is partnered with several major tax software providers and thousands of professional tax preparation offices across the country. Each tax season, millions of customers choose a Refund Transfer from Republic Bank to receive their refund quickly and conveniently while paying tax preparation and other fees with their refund.

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.

Refundo – Tax professionals who demand the latest technology, personable customer service and innovative products, choose Refundo. Leading the pack on the technology front, Refundo provides tax professionals with a bank product-processing platform that minimizes your costs and facilitates new business. We partner with leading financial institutions so your customers can cash their checks for $7 or less nationwide. Refundo also provides credit card processing for only 2.9% + .30 per transaction. Our DASH mobile app (available on iPhone and Android) will help you monitor your business on the go and receive important information right to your phone in real-time. Our Refundo NOW refund advance introduces an alternative to the RAL, while Audit Pros, our audit assistance service, gives you another meaningful option for your clients. We encourage you to become more innovative and adaptive in this always-changing industry. Speak to a Refundo team member and find out how we can help you grow.

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.

Refund Advantage – At Refund Advantage, our management team has been industry leaders in the tax refund product business since 1989, which means you have experience you can trust on your side during tax season. We work exclusively with independent EROs, where you are our priority. We are committed to providing you and your customers the best refund product experience possible. Our focus is personalized service, with state-of-the-art technology providing customizable reports, powerful marketing tools, personalized client retention postcards, extensive taxpayer support options, affordable check cashing, and many other solutions to help grow your business and compete with the national chains. Choose from our tax refund product programs and experience the advantage of Refund Advantage!

1st Money Center – With two decades of tax and lending experience, 1st Money Center offers products that taxpayers can apply for after their return is accepted by the IRS. As an ERO, you’ll gain increased market share and revenue, while being able to offer customers loans that help them manage and meet their financial needs.

Note: Office must be approved to offer EPS Financial or Tax Product Group products prior to applying for the 1st Money Center program.