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What Are Advance Fees and How Do They Apply to Tax Advances?

There are fees associated with signing up clients for tax advances. These fees are charged by the bank providing the advance and are separate from Taxx Savage's fees.

Bank Marketing Fees:

  • Pre-Acknowledgement (Pre-Ack): $75
  • In-Season: $34.95 (waived if the refund is loaded onto a card. Terms may change)

 

Important Note: These bank marketing fees are deducted from your preparation fees, not from the client's tax refund.

What are these fees for?

These fees cover the bank's costs for promoting and administering tax advance products. The specific amounts can vary depending on the bank and the terms of the advance.

How are the Fees Paid?

The bank marketing fees are deducted from your preparation fees before you receive your payment. It's crucial to factor these fees into your pricing to ensure you are adequately compensated for your services.