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Bank products enable taxpayers to pay for tax preparation services  with a portion of their refund. Bank products offer refunds in a variety of forms, including electronic refund checks,  electronic refund deposits, and prepaid debit cards. Tax preparation fees are deducted from  the client’s refund. Funds are routed from the IRS to a “Refund Settlement Bank.” From that account,  proceeds of the refund are disbursed accordingly – fees to the preparer, and refund to the taxpayer. Offering bank products makes your professional services available to a wider range of taxpayers.  Plus, you receive payment for your services quickly and efficiently. Drake Software partners with EPS Financial, Refund Advantage,  Republic Bank, Refundo, and (TPG) Tax Products Group. Each bank offers a variety of products that can meet any size tax practice’s needs. To learn about Drake Software’s banking partners: Log into your Drake Account at Support.DrakeSoftware.com and go  to the Products menu, Bank Application, Products Overview section. Select a bank to learn more. To offer bank products in your practice, choose a bank, and apply.  The bank application is completed from your Drake Account page, Account menu, Bank Application. Choose Bank Application from the drop list and complete the appropriate bank application. Once approved by a bank, set up your bank product in Drake Tax. From Drake Tax, go to Setup and select Firm(s) Select your Firm Name Click Edit Use the EFIN Confirm button to import your approved banking and audit protection information  Review the information on the Banking tab. To include a bank product on a client’s return: From return data entry, complete the bank screen  which is located on the General tab in the Electronic Filing and Banking section.  In this example the bank screen is for EPS, but your selected bank will appear here. Complete the various sections of the bank product screen, as appropriate. Mark the Consent Box and click on the two consent hyperlinks. Taxpayers must consent to the USE of the Tax Return Information And Taxpayers must consent to the DISCLOSURE of the Tax Return Information. Choose the Bank Products Choose the Disbursement Method Verify the ID information is entered on the IDS screen.  You can use the blue hyperlink to jump directly to the IDS screen. Add any additional information required. For more information go to DrakeSoftware.com.