What Is a Bank Product?
A bank product is a service that lets a tax professional have their preparation fees deducted from the client’s IRS or state refund— instead of charging fees upfront. When the refund is issued, the bank collects the tax prep fee and deposits the remainder into the client’s chosen disbursement method.
- Increase approvals & conversions (no upfront fees).
- Offer refund transfers & optional cash advances.
- Fast e-file workflow with integrated compliance.
- Transparent fees, better client experience.
Focus keyword: tax software bank products — alternate phrases include bank products for tax professionals, tax preparer bank products, and refund transfer bank products.
How Do Tax Software Bank Products Work?
Money is routed from the IRS to the tax bank of your choice. The bank then distributes your preparation fees directly to you, while simultaneously issuing the taxpayer’s refund through their preferred method: check, direct deposit, or debit card.
Step 1
IRS sends the client’s refund to the partnered tax bank.
Step 2
The bank deducts your preparation fees automatically.
Step 3
Your fees are sent directly to your account quickly and securely.
Step 4
The taxpayer receives their refund through check, direct deposit, or debit card.
How Do Tax Software Bank Products Benefit Taxpayers?
Tax software bank products help taxpayers pay for professional preparation services without upfront costs. With bank products for tax professionals, clients can file early, pay directly from their IRS refund, and even access refund transfer bank products or cash advances for faster funds. These tax preparer bank products make filing more affordable and flexible.
No Upfront Costs
Taxpayers can get their return filed without having to pay preparation fees immediately.
Pay from Refund
Refund transfer bank products deduct fees directly from the IRS refund, keeping the process simple and stress-free.
Cash Advance Options
Eligible taxpayers may receive a portion of their refund quickly through tax preparer bank products with advances.
Early Filing Advantage
Even without cash on hand, taxpayers can file early and avoid delays in receiving refunds with tax software bank products.
Do I Have to Use Bank Products?
Using bank products isn’t mandatory. However, they can be a powerful option for both your business and your clients, giving you flexible ways to handle fees while improving the customer experience.
Optional, Not Required
Tax offices can choose whether to offer bank products—there’s no requirement to use them.
Added Value
When offered, bank products can boost customer satisfaction and help close more clients who might otherwise hesitate.
Flexible Business Tool
Gives tax professionals more ways to serve clients, while providing peace of mind for those unable to pay upfront.
How Does Using Bank Products Benefit My Business?
Using bank products guarantees that you receive your preparation fees without chasing payments. It also expands your service offerings, helps attract more clients, and allows you to focus on growing your business instead of collecting fees.
Guaranteed Payment
Your fees are deducted automatically from the refund—no more chasing clients for money.
More Services to Offer
Expand your portfolio with refund transfers and cash advances that clients value.
Grow Client Base
Attract more taxpayers who can’t afford upfront fees by giving them flexible options.
Focus on Growth
Spend less time tracking payments and more time scaling your tax preparation business.
What Are the Popular Bank Products Programs?
Bank products come with several general programs such as cash advances, start-up loans, pre-season loans, and in-season loans. Additional bank-specific programs vary, so it’s important to have a detailed conversation with your salesperson before signing up or making a choice.
Cash Advances
Give taxpayers early access to part of their expected refund.
Start-Up Loans
Help new tax offices get started by covering upfront expenses.
Pre-Season Loans
Provide working capital before tax season officially begins.
In-Season Loans
Offer additional funding options during the peak of tax season.
and how tax software bank products help your business grow
4 Reasons to Offer Bank Products to Your Clients
Launch Bank Products in 48 Hours — Or We Help You Free Until It’s Live
- Guaranteed fee collection — no more chasing payments
- Refund transfer setup with EPS, Refundo, Refund Advantage, Republic Bank, Santa Barbara TPG
- Done-for-you onboarding + staff playbooks
- No setup fee. No long contracts. Transparent pricing.
Ready to add bank products and lock in guaranteed fee collection this season?
Most offices go live in under 48 hours. We’ll handle approvals, settings, and training.
The #1 Choice for Tax Software Bank Products
Thousands of tax professionals trust us because we deliver results. With years of experience, partnerships with the top tax banks, and white-glove onboarding, we’ve earned our reputation as the industry leader in tax software bank products.
Top Rated
Trusted by Tax Pros
Verified Secure
Nationwide Support
- Proven Results: We’ve helped thousands of tax preparers boost revenue with refund transfers & cash advances.
- Exclusive Partnerships: Access leading bank programs like EPS, Refundo, Refund Advantage, Republic Bank, and Santa Barbara TPG.
- White-Glove Support: From onboarding to tax season troubleshooting, our team has you covered 24/7.
Service Overview
Discover how our IRS-approved tax software solutions streamline your workflow and enhance your tax season efficiency.
Tailored Software Selection
We guide tax professionals in choosing the ideal software to meet their unique business needs for optimal performance.
Comprehensive Setup Assistance
Expert support ensures smooth onboarding and configuration, minimizing downtime and maximizing productivity.
