Refundo®
Built for tax professionals.
For over 15 years, Refundo has helped tax professionals offer refund settlement, taxpayer advances, ERO funding, and year-round payment solutions. Our products, technology, training, and U.S.-based support help tax offices serve their clients throughout the season, in English and Spanish.
Bank Products for Your Clients
- Refund Settlement1. Clients can pay tax preparation fees from their refund, so your office gets paid when the refund funds.
- Refundo NOW Advance*2. Optional, non-recourse refund advance from $500 to $9,500 for qualifying taxpayers. Available pre-ack and post-ack.
- RPay (Early Delivery)3. Optional expedited refund disbursement, up to 5 days earlier than the IRS standard funding date. $20 when successfully delivered.
- Audit Pro4. Assistance with qualifying federal and state tax notices and audits.
Products for Your Tax Office
- HERO Advance5. Commercial funding up to $100,000 for qualifying tax offices, repaid from future preparation-fee receivables.
- Fee Assist6. Access up to 75% of expected preparation fees at IRS acknowledgement, subject to eligibility.
- Payments. Year-round card processing powered by Stripe. 2.9% + $0.30 per transaction, with no monthly fee.
- PTIN Pay. Automatically route preparation fees to individual preparers. 2.99% or $2.99 minimum per transaction.
- Fee Split. Automatically split revenue among EROs, sub-EFINs, and Service Bureaus. 2.99% or $2.99 minimum per split.
- Refundo Dashboard. Manage enrollment, clients, applications, reporting, and support in one place.
- Refundo Academy. Product, compliance, and dashboard training in English and Spanish.
- Software Purchase Assistance (SPA)7. Qualifying EROs can finance renewal of their current tax software and repay through preparation fees.
- Disbursement Options. Direct deposit, in-office printed check, Refundo-mailed check, Card, and RPIN, new for the 2027 season.
To sign up to provide Refundo bank products, sign in to the Drake Support website and select Account > Bank Application, or visit refundo.com.
*An advance is a tax-refund-related loan.
1. Refund Settlement: Optional bank deposit product, not a loan, provided by Evolve Bank & Trust, Member FDIC. E-file required. Fees apply.
2. Refundo NOW Advance: Optional non-recourse consumer loan originated by Evolve Bank & Trust, Member FDIC. $500–$9,500. 3.55% origination fee deducted from the refund. Subject to underwriting and eligibility.
3. RPay: Optional expedited disbursement facilitated through Evolve Bank & Trust, Member FDIC. $20 per successful transaction. Timing and eligibility requirements apply.
4. Audit Pro/RSP: Assistance for qualifying federal and state 1040 audits and notices, including up to $2,500 in coverage for legitimate preparer errors. Not a guarantee against amounts owed.
5. HERO Advance: Commercial purchase and sale of future receivables for business use only. Subject to eligibility and underwriting.
6. Fee Assist: Optional advance on expected preparation fees for qualifying EROs, up to 75% and capped at $500 per client. Interest applies to amounts drawn.
7. SPA: Available to qualifying EROs with 50 funded bank products in the prior season with the same software provider.
For complete fees, APR examples, eligibility requirements, disclosures, and terms, visit refundo.com/disclosures.
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 bank products does Refundo offer in Drake?
Refundo offers refund transfers, refund advances up to $9,500, ERO advances up to $100,000, PTIN Pay, and All-in-One Marketing through Drake Tax. Compare the full product lineup with EPS, Republic, and Santa Barbara TPG on the bank partners hub.
What is a Refundo refund transfer?
A Refundo refund transfer lets clients pay prep fees from their refund instead of out of pocket, with a $44.95 processing fee withheld at IRS or state funding. The remaining balance is disbursed to the taxpayer after authorized fees are deducted; see Bank Products for Tax Professionals for the general pay-by-refund workflow.
What refund advances can I offer clients through Refundo?
Refundo NOW Advances range from $500 to $9,500 for approved clients, with same-day or next-business-day access depending on approval and product timing. Republic Easy Advance ($500–$6,000) and Santa Barbara TPG Fast Cash Advance ($500–$7,000) are alternative advance programs in Drake.
What are the requirements to offer NOW Advances?
Refundo typically requires at least 50 funded refund transfers and an 85% funding rate before an office can offer NOW Advances, plus client approval through Refundo underwriting. Pre-ack opens Jan. 1; post-ack starts when IRS e-file opens.
What is PTIN Pay?
PTIN Pay is Refundo's payroll tool for offices with multiple preparers under one EFIN, letting you pay preparers for returns they worked through a Refundo dashboard. It automates fee splits with a per-transaction service fee.
How quickly can a taxpayer receive a Refundo refund advance?
Refundo markets same-day or next-business-day funding for approved NOW Advances after the client applies through your office. Speed depends on, among other things, approval timing, product type (pre-ack vs. post-ack), and disbursement method.
Why does Drake display only a $500 Refundo advance option?
Drake shows the advance tiers Refundo approves for your office based on enrollment, history, and funding performance; $500 is the minimum NOW Advance amount in Refundo's $500–$9,500 range. Contact Refundo or complete compliance steps to unlock higher tiers once your office meets Refundo's performance thresholds.
What fees apply to a Refundo Refund Transfer or NOW Advance?
Refund transfers include a $44.95 processing fee withheld from the refund at funding. NOW Advances include a 3.55% origination fee deducted from the refund, and the ERO pays Refundo a fee per approved advance that cannot be passed to the client.