Pre-Tax Season Checklist Series – Bank and Ancillary Products

We’ve launched our pre-tax season checklist series to help you prepare early and feel ready when clients start arriving this tax season. Additional articles in this series include Computer Networking and ResourcesTax Software Setup, and IRS, State and Bank Requirements

This section of the list takes a deep dive into getting set up with tax refund settlement banks and offering other products to your clients. Here’s a list of to-do items you’ll want to take care of ahead of tax season: 

Bank Products 

  • Review compatible bank products. 
  • Fill out and submit bank product applications in Account Hub. 
  • Set up bank products within your TaxSlayer Pro software. 

Ancillary Products 

  • Review ancillary products and decide what’s best for your clients. 
  • Opt-in to offer ancillary products in Account Hub. 

Bank Products 

Review compatible bank products 

Your TaxSlayer Pro software is compatible with multiple refund settlement banks, so you can choose what bank products are the best fit for your business and clients. In addition to refund settlements, which allow clients to pay you directly from your refund, most banks also offer refund advances. You can review each bank’s website to learn more about each bank and what they offer before you make your choice. 

Fill out and submit bank product applications in Account Hub  

Once you decide which bank products are right for you and your clients, you can complete the bank application directly from your TaxSlayer Pro account in Account Hub.  

Click the Bank Product Info Tab in Account Hub, and fill in all required information, which will be transmitted to the bank for verification.  

The application process varies with each bank, so you may need to contact the bank directly if you have any specific questions. After your application has been accepted, you’ll receive bank supplies directly from the bank. 

Set up bank products within your TaxSlayer Pro software 

In order to offer bank products to your clients, you’ll need to configure your TaxSlayer Pro software to do so. Once TaxSlayer receives verification of your enrollment from the bank, you will have the ability to configure your software to offer bank products.  From the main menu of TaxSlayer Pro select:  

  • Configuration  
  • Electronic Filing / Bank Setup  
  • Bank Setup Menu  
  • Bank Used for Bank Products (Select your bank from this menu) 
     

Once you’ve completed this step, you’re ready to offer bank products to your clients! 

Other Ancillary Products 

Review ancillary products and decide what’s best for your clients 

Our product partnerships allow you to offer your clients the security of: 

They not only diversify and increase your revenue, but they also allow you to offer more services to your clients, helping you stand out from competitors. Find out more about offering these ancillary products in our tax preparer training videos

Have more questions? Our sales team can help when you call (888) 420-1040. 

Opt-in to offer ancillary products in Account Hub  

To start offering these products to your customers, you can opt-in while completing your bank product application (see above steps). If you plan to charge an additional amount for ancillary products and/or order marketing materials for the products, you can do so in the “Ancillary Products” section of your bank application.  

Note: You can also sign up for ancillary products later, after you’ve completed your bank application. 

Taking care of these steps now means you’ll be ready to offer bank and ancillary products to your clients as soon as tax season begins! 

Log into Account Hub now to get started! 

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