Pay-by-Refund and other bank products

Bank product solutions

Get paid and grow your business with our curated Pay-by-Refund (Refund Transfer) and Refund Advance options, allowing clients to use their refunds to pay for tax preparation services with no upfront costs.

Pay-by-Refund*

Allow clients to conveniently pay for tax prep fees directly from their refund with no out-of-pocket expenses.

Refund Advances**

Early access to expected refunds provides quick funds to clients with time-sensitive financial needs.

DISCLAIMER

You must be eligible and approved by the bank product provider to participate in the programs outlined above. Drake is not a party to any transactions you may enter into with a bank product provider and disclaims any liability arising out of such transactions. Please see the bank product provider’s website for full terms and conditions. Drake receives fees from some third parties, including our bank partner product providers. This compensation may affect what and how we communicate offers to you. Click here to learn more about our bank product providers.

*Pay-by-Refund (Refund Transfer) is an optional tax refund-related product offered by Pathward®, N.A., Member FDIC. Refund Transfer is not a loan. E-filing of tax return is required to be eligible for the product. Subject to approval. Fees apply. See terms and conditions for details.

**Refund Advances available through a Taxpayer Advance Loan, which is an optional tax-refund related loan provided by Pathward®, N.A., Member FDIC. Program availability and loan amounts may vary. The amount of the loan and applicable interest will be deducted from tax refunds and reduce the amount that is paid directly to the taxpayer. Loans offered in amounts of $250, $500, or $1,000, 25%, 50%, or 75% of taxpayer’s expected tax refund from $250–$7,000. When calculating the loan amount, “expected” tax refund may be affected by any refundable tax credits. Loans in the amounts of $250, $500, and $1,000 have an Annual Percentage Rate (APR) of 0.00%. Loans in the amounts of 25%, 50% or 75% of expected tax refund have an APR of 36.0% with a minimum loan of $1,250.

*** Volume-based incentives and add-on fees are not available with our Basic programs.

****Software Purchase Assistance only available to eligible customers who provided Refund Transfer services to more than 20 clients last filing season. Qualification subject to bank approval. Terms and conditions apply.

A marketing fee, to be paid by the ERO, of $34.95 applies for every approved In-Season Taxpayer Advance Loan. $0 marketing fees require the use of the FasterMoney® Visa® Prepaid Card for disbursement. The FasterMoney Visa® Prepaid Card is issued by Pathward, N.A., Member FDIC, pursuant to a license from Visa U.S.A. Inc. and administered by Refund Advantage, a division of Pathward, and may be used everywhere Visa debit cards are accepted.