📌 What Is a Bank Product?
A bank product lets tax pros deduct prep fees from refunds automatically, so clients don’t pay upfront. It’s a secure, convenient way to streamline tax return processing and improve client experience.
📌 Is It Required?
Using bank products is completely optional. While not mandatory, they offer great benefits that can boost your business and help you provide added value to your clients.
📌 How It Works
The IRS sends refunds to a tax bank, which deducts your fee and deposits it into your account. Clients then receive their refund via check, deposit, or debit card.
📌 Business Benefits
Bank products save time on collecting payments and ensure you get paid. They also help your business stand out by offering clients more convenience and flexibility.
📌 Benefits for Taxpayers
Clients who can’t pay upfront can still file, then have fees deducted later. Bank products also offer extras like refund advances and flexible disbursement options.
📌 Program Options
Popular bank product perks include cash advances, startup loans, in-season loans, and pre-season loans. Exact benefits vary depending on the tax bank you choose.
Our Bank Partners are TPG and Refund Advantage
Tax Products Group, LLC
Santa Barbara Tax Products Group (TPG), based in San Diego, California, was founded in 2010 following the sale of Santa Barbara Bank & Trust’s tax products division. With nearly two decades of industry leadership, TPG, alongside its banking partners, provides quality financial products at fair prices that meet consumer needs. These tax-related financial products are offered through tax prep franchises, independent professionals, and online platforms.
Refund Advantage
Refund Advantage was the first to launch refund banking programs for two additional national providers—proof of their dedication to delivering a remarkable refund banking experience. With their support, we’ve developed a unique program that helps you earn what you're entitled to while personalizing your account in multiple ways. The focus is on the Independent ERO, offering flexible options and solutions to streamline tax season operations.