Bank Products

Tax related bank products can be offered to your clients to assist them in paying for their tax preparation fees. The tax preparation fees that you charge will automatically be deducted from the taxpayer’s income tax refund the remaining balance will be distributed to the taxpayer.

  • No cost up front for your tax preparation

  • Cash Advance at no additional cost to the taxpayer
  • Plus up Loans
  • Marketing Tool
  • 2-3 different options of disbursement

Depending on the IRS, normally around 7 to 21 business day after the return is accepted the IRS, they will deposit the taxpayer’s refund into to the bank. The bank will then deduct the fee for the tax preparations services. The refund check minus the preparations fees will be printed at your office for the client to pick up.

If your client opts for direct deposit, the refund minus the tax preparation fee will be deposited into their bank account.

Bank Products FAQS

What is a bank product?

A bank product is a way for your clients to pay for the preparation fees out of their refund without having to pay cash out-of-pocket.

How do I benefit from a bank product?

By giving your clients the opportunity to pay out of their refund

How do the client benefit from a bank product?

No upfront cost for them

Does it take longer to get a refund through a bank product?

No, they will receive their refund with 21 days just like a IRS efile

What is a Plus Up Loan?

Plus up loan is an additional amount of money that they can borrow against their refund for a nominal fee.

Tax related bank products can be offered to your clients to assist them in paying for their tax preparation fees. The tax preparation fees that you charge will automatically be deducted from the taxpayer’s income tax refund the remaining balance will be distributed to the taxpayer.