Refund transfers benefit everyone

Refund transfer/bank products allow tax preparation fees to be deducted directly from a client's tax refund. Simplify the fee payment process for clients while ensuring tax preparers are compensated more promptly. Grow your tax business by providing a hassle-free solution to your clients.

Clients benefit from refund transfers

  • Choose from a selection of fee payment options, ranging from traditional refund transfer products (bank products or settlement solutions)
  • Clients have access to their refund faster by checks, direct deposit or prepaid cards
  • Eases the burden of upfront costs
  • Security

Tax businesses benefit from refund transfers

  • Streamlines the payment process by providing a reliable method of collecting tax preparation fees directly from the client's refund
  • Fees are deposited directly into your account
  • Improves client satisfaction
  • Build a reputation as a comprehensive, client-focused business

Fee collection

Help your clients pay for professional tax preparation by using their tax refund to easily and quickly collect your fees.

Accounts receivables

Avoid the hassle of postdated checks or invoicing clients, your fees are deposited into your bank account so you can focus on your customers and growing your business.

Grow your business

Attract new customers who can’t pay upfront. Choose from a variety options including debit cards or advances. Some customers may choose to take advantage of refund advances before tax season begins.

Client services and products

Refund transfers

Refund transfers, also referred to as bank products, allow taxpayers to pay for tax preparation fees out of their expected refund. These products allow non-banked taxpayers to take advantage of IRS direct deposit and not wait for the IRS to issue a check, getting them their refund faster.

Refund advances

Grow your business by offering advance products. A refund advance allows a customer to take an advance of their expected federal refund before the IRS funds their federal refund. Offering refund advances provide peace of mind for some taxpayers who can’t afford to wait for their refund.

Pre-Acknowledgement loans (Pre-Ack)

A refund advance is an option available to taxpayers. A refund advance gives taxpayers access to some or all of their refund before the IRS opens for e-file, begins processing returns and issues refunds.

Software purchase assistance program

Partner with your preferred banking partner for a no-cost, no-interest loan to purchase your tax software. Please visit your preferred bank partner's website for additional information.

Santa Barbara Tax Products Group (sbtpg)

Republic Bank

Refund Advantage

EPS Tax

We also offer a variety of options that will save you and your taxpayers money such as Fee Collect™. These options enable taxpayers who e-file to deduct their tax preparation fees directly from their refund.

TaxWise Refund Transfer Partners

Santa Barbara Tax Products Group®

Partner with the Santa Barbara Tax Products Group® (sbtpg) for your tax refund transfer needs. Attract and retain more clients today!
sbtpg

Republic Bank & Trust Company

Republic Bank is one of the largest locally-owned community banks. With over 25 years of experience, Republic Bank has the reliability and experience you can bank on!
Republic Bank & Trust

Refund Advantage®

You have choices, we have solutions! With Refund Advantage®, the refund transfer program that enables you to customize your account in a variety of ways.
Refund Advantage

EPS®

EPS® provides a suite of comprehensive refund transfer and payment solutions to manage every financial transaction in your tax office.
EPS
  • What is FeeCollect™?

    FeeCollect™ is a service that allows Electronic Return Originators (EROs) to deduct their tax preparation fees directly from their clients' refunds. This service is offered in cooperation with Santa Barbara Tax Products Group® (sbtpg).

    • Lets you deduct your tax preparation fees directly from your clients' refunds
    • A small Solutions Fee applies to every return transmitted
    • Available in TaxWise® and ATX™
  • Who can use this service?
    Any ERO who has purchased the FeeCollect PS package and signs up through the MyATX or TaxWise Solution Center. FeeCollect PS is administered by sbtpg, but EROs should not complete the sbtpg ERO Bank Application. Instead, they must use the dedicated FeeCollect PS application available in their software’s solution center.
  • Can I offer FeeCollect PS and refund transfer products too? 
    No. FeeCollect PS cannot be used in conjunction with any refund transfer products. EROs offering refund transfers — even through sbtpg — are not eligible for FeeCollect PS.
  • How does FeeCollect™ work?
    Your professional tax software generates a taxpayer consent form to be signed with the return. When the IRS issues the refund, sbtpg deducts your tax prep fees (minus a service fee) and deposits them directly into your bank account. The remaining refund is sent to your client via direct deposit, prepaid card, or check (if selected).
  • What fees apply to the tax preparer?
    A per-return Solutions Fee applies to every return. Additional bank fees may apply depending on the product and disbursement method.
  • What disbursement options are available for the client?
    Refunds can be disbursed via direct deposit to the client’s personal bank account, a prepaid card, or a check printed by the ERO.
  • Want to learn more?
    Contact us at 800-779-7228 for more information.

Getting started with refund transfers

TaxWise already has established partnerships with several reputable banks who offer bank product services, including refund transfers. TaxWise uses a simplified enrollment process to save you time during bank selection and setup.

 

"Bank products are one more important tool to have in your toolbox in order to better serve your clients and grow your business." — Mauricio Castro, Founder & CEO, Taxes & Products Related

Get Started with Bank Products
Back To Top