You’re not locked
to one bank.
Your routing follows the best refund product for each client — not a single banking relationship you got stuck with. TaxWallet federates multiple FDIC-insured banking partners behind one money layer, so the right bank funds the right return, every time.
Money routing layer
loopThe money layer
How a refund finds its bank.
The IRS releases the refund, the federation routes it to the best bank for that client, and it lands the way they chose — card or account. Watch it move.
IRS
Refund released
Federation
Best bank
Your client
Card or account
$7,500
Maximum refund advance
For qualified taxpayers — funded through the federation.
2,000+
Bank-product fundings, cumulative
And climbing — every funded product earns your office.
Most platforms marry you to one bank. We don’t.
When a tax office is tied to a single banking partner, that partner’s underwriting decisions become the office’s ceiling. Tighten the advance criteria and clients walk. TaxWallet inverts it: multiple banks sit behind the platform, and the federation routes each client to the product that actually serves them. Over two thousand bank-product fundings have moved through this model.
How the federation works.
One configuration. Many banks. The platform handles the matching, the funding, and the reconciliation so your office never has to think about which rail a refund rode in on.
Routing follows the client
For every return, the platform evaluates which integrated bank offers the best refund product — then routes that client there. You configure the rails once; the system picks the right one each time.
No single point of failure
If one bank tightens underwriting or pauses a product mid-season, the others keep funding. Your office doesn’t stall because one partner had a bad week.
Refund advances built in
Qualifying clients can access refund advances up to $7,500 — funded through the bank federation, attached to the return, and reconciled automatically.
FDIC-insured partners
Every refund product is delivered through a regulated, FDIC-insured banking institution. Money movement is logged and reconciled end to end.
Disbursement, your way
Direct deposit, prepaid card, or check — the disbursement method rides on the same routing layer, so the client gets their refund the way they chose.
Fees attach to the refund
Preparation fees collect out of the refund product automatically, so the taxpayer pays nothing up front and your office gets paid on funding.
Configure the rails once. Funded every return.
Four steps, run automatically per return. Your office sets it up once; the federation does the matching, the funding, and the reconciliation.
Return is accepted
A validated return clears the IRS, and the client opts into a refund product or an advance.
Federation evaluates
The platform checks every integrated FDIC-insured partner and selects the best refund product for that client.
Routed and funded
The client is routed to the winning bank, the advance funds where eligible, and disbursement is set the way the client chose.
Fees attach, books reconcile
Preparation fees collect out of the refund on funding, and every movement posts back to the ledger automatically.
One bank is a ceiling. Many is leverage.
When a tax office is wired to a single banking partner, that partner’s worst underwriting day becomes the office’s worst day. The federation removes the single point of failure.
- One underwriting policy becomes your ceiling
- A mid-season pause stalls every advance you offer
- Clients walk when criteria tighten
- You re-enroll and start over to switch partners
- Multiple FDIC-insured partners behind one money layer
- If one pauses a product, the others keep funding
- Each client routes to the best product for that return
- Configure the rails once — the platform picks per return
A money layer that scales with your office.
From a single preparer to a service bureau, the same federation routes every refund to the bank that serves the client best.
Single preparer
Offer advances up to $7,500 and competitive refund products without negotiating your own bank relationship. The federation gives a one-office shop the same multi-bank routing the large networks run on.
Multi-office ERO
Every location draws from the same pool of partners, so no office is stranded when one bank tightens criteria. Funding and fee collection reconcile across the whole group.
Service bureau
Stand up refund products across every sub-office on day one. Routing, advances, and disbursement behave identically downstream, with reconciliation rolling up to one view.
Refund products, done right
Let the best bank
fund each return.
Bring your office onto a banking layer that works for your clients instead of against them. We’ll show you how routing, advances, and fee collection fit together.
Refund product & banking terms
Offered by our banking partners, not by TaxWallet. Refund transfers and refund advances are optional, refund-related products originated and funded by independent, industry-leading Member FDIC banking partners. TaxWallet provides the technology layer that connects your office to those banks. E-filing of the tax return is required, products are subject to approval, and fees may apply. Availability varies by tax professional and software provider.
A refund advance is a loan — not your actual refund. Where available, a refund advance is provided by a partner bank in set dollar amounts or as a percentage of your expected refund, up to $7,500; the maximum is reserved for well-qualified applicants who meet a minimum expected-refund requirement. Program availability and amounts vary by state and provider. The loan and any applicable interest are deducted from your refund and reduce the amount paid directly to you. Some advances carry a 0% APR; others are interest-based, with the rate and total disclosed in writing before you agree. You can file electronically without applying. Approval is subject to identity verification, eligibility criteria, and the bank’s underwriting standards — not all applicants qualify.
Fees, disbursement & office participation. Processing fees apply. Certain refund advances are available at no cost; some early, pre-acknowledgement options may carry a marketing fee. Disbursement options — direct deposit, prepaid card, or printed check — and any check-cashing fees are set by the provider and vary by type, amount, and location. Office and ERO participation is subject to application approval and eligibility.
All third-party names and logos are the trademarks of their respective owners and do not imply affiliation or endorsement. This summary is provided for convenience and does not replace the bank’s disclosures or your service agreement.