Refund Advantage - Experience the Ease of Tax Season
Bank Products for Your Clients
With the Refund Advantage simple ALL-IN-ONE Refund Transfer program1, you know what you’re getting:
- Consistent and Predictable Pricing
- No Surprises – No Hidden Costs
- Powerful Revenue Incentives
- Business Reporting – more visibility to your business, better insights
- US-based ERO support - NO OUTSOURCING!
With a high approval rate, our Taxpayer Advance loans2 offer better financial flexibility for your business and clients.
- No cost Taxpayer Advance Loans of $250, $500 or $1,000
- 36% APR for Taxpayer Advance Loans from $1,250 up to $7,500
- No in-season ERO marketing fees3 with the FasterMoney® Visa® Prepaid Card4
Bank Products for Your Tax Office
Navigating the tax preparation industry can be tricky. But with Refund Advantage, you’re never alone. Here’s how we support you when you need it most:
- December Loyalty Program5
- Pre-Season Office Startup Loan6
- Software Purchase Assistance
- Fee Advantage®: In-Season Fee Assist6
With Fee Advantage® you get 50% of your tax prep fees, up to $300 available at the time of IRS acknowledgements.
Get paid for the work you’ve done with Fee Defender!
By opting for your direct deposit clients into our program, you’ll no longer have to chase down unpaid fees weeks after the IRS Acknowledgement.
Great features, more support
Call us today: (800) 967-4934.
To sign up to provide bank products, sign in to the Drake Support website and select Account > Bank Application.
1. Refund Transfer is an optional tax refund-related product offered by Pathward®, N.A., Member FDIC. Refund Transfer is not a loan. E-filing of tax return is required to be eligible for the product. Subject to approval. Fees apply. See terms and conditions for details.
2. The Refund Advance is an optional tax-refund related loan provided by Pathward, N.A., Member FDIC (it is not the actual tax refund) at participating locations. Program availability and loan amounts may vary based on state and software provider. The amount of the loan and applicable interest will be deducted from tax refunds and reduce the amount that is paid directly to the taxpayer. Fees for other optional products or product features may apply. Tax returns may be filed electronically without applying for this loan. Loans offered in amounts of $250 (where available), $500, $1,000, 25%, 50%, or 75% of your expected tax refund up to $7,500, with interest-based applicants receiving an average of $2,003.41; $7,500 available only to well-qualified applicants with a minimum expected tax refund of $9,569. Underwriting standards subject to change. When calculating the amount of your loan, the amount of your “expected” tax refund may be affected by any refundable tax credits and fees. Loans in the amounts of $250, $500, and $1,000 have an Annual Percentage Rate (APR) of 0.00%. Loans in the amounts of 25%, 50%, or 75% of your expected tax refund have an APR of 36.0% with a minimum loan of $1,250. For example, a $2,500 loan representing 50% of an expected refund borrowed over a 31-day term has a total amount payable in a single payment of $2,576.44, including interest. Availability is subject to satisfaction of identity verification, eligibility criteria, and underwriting standards.
3. A marketing fee of $34.95 applies for every approved In-Season Taxpayer Advance Loan. $0 marketing fees require the use of the FasterMoney® Visa® Prepaid Card for disbursement.
4. The FasterMoney Visa® Prepaid Card is issued by Pathward®, N.A., Member FDIC, pursuant to a license from Visa U.S.A. Inc. and administered by Refund Advantage, a division of Pathward, and may be used everywhere Visa debit cards are accepted.
5. The December Taxpayer Loyalty Program is not a loan to your clients. No fees may be charged to your clients for this program. Refer to your ERO Program Agreement for further details.
6. Office loan availability dependent on ERO enrollment approval and eligibility criteria. Terms and conditions apply.
All trademarks not owned by Drake Software, LLC (“Drake Software”) that appear on this page are the property of their respective owners, who are not affiliated with, connected to, or sponsored by Drake Software.
Frequently Asked Questions
What refund transfer program does Refund Advantage offer in Drake?
Refund Advantage offers an ALL-IN-ONE refund transfer program with ERO incentives, business reporting, and U.S.-based ERO support. Compare with EPS e-Collect/e-Bonus/e-Advance and Santa Barbara TPG Fast Forward on the bank partners hub.
What is Fee Assist at Refund Advantage?
Fee Assist pays qualifying offices 50% of prep fees, up to $300, when the IRS acknowledges the return. EPS Fee Assist offers a similar next-business-day fee assist after IRS acceptance.
What is Fee Defender at Refund Advantage?
Fee Defender helps collect prep fees when a client chose pay-by-refund but the refund does not cover all authorized fees. Pathward may debit the taxpayer's bank account for the remaining prep fee per program terms.
Are there marketing fees for taxpayer advances?
Yes. Refund Advantage charges a $34.95 in-season ERO marketing fee per approved in-season taxpayer advance when disbursed by office-printed check and direct deposit. The marketing fee is $0 when the FasterMoney Visa Prepaid Card is used for disbursement.
What office support programs does Refund Advantage offer?
Refund Advantage offers December Loyalty, pre-season office startup loans, Software Purchase Assistance for Drake Tax, and Fee Assist in-season fee assist. Refundo ERO Advances and Santa Barbara TPG Tax Pro Advances offer additional office capital options.
How much can a taxpayer receive through a Refund Advantage advance loan?
Refund Advantage offers no-cost loans of $250, $500, or $1,000, plus loans from $1,250 up to $7,500 at 36% APR based on 25%, 50%, or 75% of expected refund. Refundo NOW Advances cap at $9,500 for qualifying offices and clients.
Which Refund Advantage loans have a 0% APR?
Taxpayer advance loans of $250, $500, and $1,000 carry a 0.00% APR. Loans from $1,250 to $7,500 at 25%, 50%, or 75% of expected refund carry a 36.0% APR with a $1,250 minimum loan.
How quickly can a taxpayer receive an approved Refund Advantage advance?
Approved in-season advances can fund quickly once the client is approved, with FasterMoney prepaid card disbursement avoiding the check and direct deposit-related marketing fee. Exact timing depends on, among other things, product type, approval, and disbursement method selected in Drake Tax.