Tax Refund Debit Cards Fill the Void of Refund Anticipation Loans
Last year, ClientWhys partnered with CardFlex, one of the leading debit card providers in the country to offer Tax Professionals an easy vehicle for underbanked and unbanked clients to receive their refunds via direct deposit. Our inaugural year was very successful, and we are gearing up for a new tax season.
The Tax Refund Debit Card can handle a $5,000 refund (use multiple cards for larger refund amounts) and allow you to take your tax preparation fee out of the refund for a $15 charge. Part of the $15 fee includes the first month’s cost for the card and 2 free ATM withdrawals for your client. Some tax software providers charge $15 for the tax preparer fee collection alone. With the changes in the RAL requirements and the push by the IRS to push refunds to debit cards, now is the time to be more competitive and attract more customers with this fast refund option. You now can compete with the national chains and beat them at their own game.
Clients using the CardFlex debit card will get their refund just as quickly as a client with a traditional checking account. This will also eliminate their need to pay check cashing fees and can be an option for direct deposit from their employer.
Click here for more information or call Dave Holman at 1-866-634-3044, Ext. 1201 to apply for the program.
Lee Reams II
I am a marketing junkie who has spent the last 20 years developing and executing "best in class" word-of-mouth marketing campaigns. With over 10,000 happy clients I think we are on to something. The explosion in web marketing and social media have redefined the way independent professionals market their practices. Follow my blog to see if you can take some of our actionable ideas to market your own practice.