Info@joincit.com
(904) 900-3099

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 30 years of experience in the e-file industry, Republic Bank Tax Refund Solutions is a trusted and proven provider of RefundTransfers1 and Easy Advances2.
‍
We process millions of taxpayer refunds throughout thousands of tax offices each year We are committed to providing your business with the products and support you need to be successful year after year.

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

Click to Play

Refund Transfer

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

Easy Advance

  • Check mark
    The Easy Advance (EA) gives your customers the option to apply for a loan secured by their tax refund. Choose what's best for your business from our suite of Easy Advance options

Easy Advance Options

  • Easy Advance Plus

    Choose the Easy Advance Plus option and offer loan amounts of $6,000, $4,500, $3,000, $2,000, $1,500, $1,000 or $500 based on the taxpayer’s net refund.
    • Check mark
      Shared cost between taxpayer
      and ERO.
    • Check mark
      Customers choose their loan amount from $500 to $6,000.
    • Check mark
      Available to new and returning EROs.

  • preACK Easy Advance4

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

Additional Easy
Advance Detailing

  • Check mark
    EROs must enroll to offer.
  • Check mark
    Easy Advance is available through February.
  • Check mark
    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:
  • Check mark
    Increase customer retention.
  • Check mark
    Save time and money on in-office check printing costs.
  • Check mark
    Improve operational efficiencies associated with issuing checks.
  • Check mark
    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

RAP and Preseason RAP Options

  • Receivables Assistance Program (RAP)6

    • Check mark
      Get up to $250,000.
    • Check mark
      Receive 50% of tax prep fees when filing season begins7.
    • Check mark
      Start paying back your balance plus a 3% origination fee once funding begins.
    • Check mark
      Open to new and existing EROs.

  • PreseasonRAP7

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

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

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

Ready To Get Your
Free Demo?

Get Free Demo
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 April 2024 and is subject to change.
3. ERO pays a $20 fee on each electronically filed tax return for CIT’s bundled service. When the taxpayer chooses a bank product, that $20 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. Ouro Global, Inc. is a registered agent of Republic Bank & Trust Company. This card may be used everywhere Visa debit cards are accepted. Card use is subject to activation, ID verification, and funds availability. Transaction fees, terms, and conditions apply to the use and reloading of the Card Account. See the Cardholder Agreement at www.republictaxpayer.com/terms for details.
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. 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.
Community Income Tax© 2020 all rights reserved.
Privacy Policy