Bank Products

Bank products enable you to get your clients their refunds quickly and securely.

Wolters Kluwer partners with two banks - Santa Barbara Tax Products Group, LLC (SBTPG) and 3Fund - to provide bank products on 1040 returns.

Types of Bank Products

3Fund

3Fund offers customers two ways to receive their refunds:

  • 3Fund Check
  • 3Fund Direct Deposit

Refund Transfer (RT)

Customers can receive their refund transfers via check or direct deposit. The following RTs are offered with our product:

  • RT Check
  • RT Direct Deposit

Bank Card

Customers can receive their refunds via a debit card issued by the bank.

How Bank Products Work

Only Admin users or users with Administrator group privileges can enroll to use bank products.

Step 1 - Enroll Your EFIN with the Bank

Bank products are implemented through the bank that supports the product you select. You must enroll your EFIN with the bank before being able to offer the bank product to your clients. Use Enrollment Manager to check the status of your bank product enrollment until it is Accepted or Approved. See Updating Enrollment Statuses.

To enroll online for bank products:

  1. Make sure you are connected to the Internet.
  2. Visit https://support.atxinc.com.

The MyATX Solution Center Website appears.

  1. In the My Account section, select Enroll in Bank Products.

The Client Login screen appears. After logging in, the ATX Solution Center launches Bank product enrollment.

  1. Click enrollment link to start the enrollment process.

The Provider Enrollment Portal appears.

  1. Download and review the ERO Settlement Solutions Enrollment Agreement.
  2. Select the check box to agree to the terms and conditions of the Enrollment Agreement.
  3. Click Continue to Enrollment.
  4. Follow directions on the web page to complete the enrollment application.

Step 2 - Request a Bank Product for a Return

To offer a bank product to a client, you must complete another application along with the return. The bank application is listed as a form in the Select Forms Dialog Box.

When complete, the bank app is then transmitted along with the rest of the e-file.

To add a bank product to a return:

  1. Open the return.
  2. Click the Add Forms button on the toolbar.

The Select Forms Dialog Box appears.

  1. In the Find field, type Bank.
  2. Select the bank application and click the Open Forms button.

The tab for the bank application is added to the return.

  1. Complete the application.
  2. Click the 1040 EF Info form tab.
  3. At the bottom of the return, select the Payment and Refund worksheet.
  4. Have your client sign the authorization form.
  5. Create the e-file.
  6. Continue to update your acknowledgements until your bank application is accepted. See Receiving Acknowledgements.

In Case Your Bank Application is Rejected

You can have a situation where your e-file is accepted but the bank application is rejected. Depending upon the reason for rejection, you can correct, re-create, and resubmit the bank application. See Re-Creating Bank Applications.

 

See Also:

Adding Bank Products to Returns

FeeCollect™