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CIT Bank Product Options

Take advantage of the lowest priced bank product offerings in the market, get your customers their money quickly and collect yours sooner.

About Republic Bank

With over 25 years of experience in the e-file industry, Republic Bank Tax Refund Solutions is a trusted and proven provider of RefundTransfers1 and Easy Advances2.
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We process millions of taxpayer refunds throughout thousands of tax offices. Long-term and established EROs continue to choose Republic Bank year after year.  

At Republic Bank, we have the reliability and experience you can bank on!

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Refund Transfer

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    The Refund Transfer Fee for the customer is $0.003.
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    There are no State or Subsequent Deposit Fees charged
    to the customer.

Easy Advance

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    Choose what's best for your business from our suite of Easy Advance options!

Easy Advance Options

  • Easy Advance Plus

    Get up and running quickly and take the hassle out of IT maintenance and save your tax office hours each year by applying updates automatically
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      Shared cost between taxpayer
      and ERO.
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      Customers choose their loan amount from $500 to $6,000.
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      Available to new and returning EROs.

  • Easy Advance Office Pay

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      $500 to $3,000 loan amounts.
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      No additional charge to taxpayer.
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      Customers choose their loan amount.

  • Easy Advance4

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      Offer an advance before e-file starts!
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      Issue money to your approved customers at the beginning of January before the IRS even opens.
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      Add-on to any Easy Advance program.

Additional Easy
Advance Detailing

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    EROs must enroll to offer.
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    Easy Advance is available through February.
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    The Easy Advance loan application is built into your software.

Prepaid Card

The Netspend® Visa® Prepaid Card5 is available as a disbursement option for your clients and allows you to:
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    Increase customer retention.
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    Save time and money on in-office check printing costs.
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    Improve operational efficiencies associated with issuing checks.
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    Reduce call volume for customers requesting information about their refund status.
Republic Bank's RAP & Preseason RAP.
Bridge the gap between preparation and payment with
our Receivables Assistance Program

Easy Advance Options

  • Receivables Assistance Program (RAP)6

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      Get up to $250,000.
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      Receive 50% of tax prep fees when filing season begins7.
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      Start paying back your balance plus a 2% origination fee once funding begins.
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      Open to new and existing EROs.

  • PreseasonRAP7

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      Republic Bank will provide an advance payment in early December to approved EROs.
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      Once funding begins, we will withhold 50% of your tax prep fees to pay back your balance plus a 3% origination fee.
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      Starting in late fall, sign up through the Tax Information Center (TIC) to apply.
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      EROs with prior Republic Bank experience can apply for pre-season RAP.

With one or both of our
programs, you'll be able to:

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    Cover office expenses.
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    Pay your employees.
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    Advertise to new and existing customers.
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    Update computers or software.
are you

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1. A Refund Transfer is a fee-based product offered by Republic Bank & Trust Company, Member FDIC. A Refund Transfer Fee and all other authorized amounts will be deducted from the taxpayer’s tax refund. Pricing and rebates vary by software.
2. ERO must be enrolled for Republic Banks Refund Transfer Program to offer the Easy Advance programs. Cost to ERO per approved Easy Advance, if any, will be deducted from ERO tax preparation fees and cannot be passed to the taxpayer. If a customer does not choose a Refund Transfer, disbursement options are direct deposit or prepaid card. Net Refund refers to the taxpayers expected refund amount after deduction of all fees. Please check with your software provider for availability as some options may not be offered. All information is as of June 2022 and is subject to change.
3. ERO pays a $15 fee on each electronically filed tax return for CIT’s bundled service. When the taxpayer chooses a bank product, that $15 fee will be deducted from the ERO’s anticipated tax preparation fees.
4. There will be a charge to the ERO for each approved preACK Easy Advance.
5. The NetSpend Visa Prepaid Card is issued by Republic Bank &Trust Company, Member FDIC pursuant to a license from Visa U.S.A. Inc. Use of the Card Account is subject to activation, ID verification, and funds availability. A Monthly Fee, transaction fees, terms, and conditions apply to the use and reloading of the Card Account.
6. Receivables Assistance Programs (RAP) are only available for EROs whose tax software partner sends Republic Bank taxpayer IRS e-file information.  EROs signed up for either RAP option is charged an origination fee on each dollar loaned that is paid from tax preparation fee disbursements. Please check with your software provider for availability.
7. If enrolled in both programs, in-season RAP advances would begin once your tax preparation fees submitted are twice the preseason RAP amount advanced.
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