info@cit.com
214.232.1403

CIT Bank

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

Republic Bank

With over 15 years of experience in the e-file industry, Republic Bank Tax Refund Solutions is one of the leading national providers of tax related bank products. Republic Bank works together with several major tax software providers and thousands of professional tax preparation offices across the country. Each tax season, millions of customers choose a Refund Transfer from Republic Bank to receive their refund quickly and conveniently while paying tax preparation and other fees with their refund.

*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 your tax refund.  Visit your tax preparer to learn about all filing and product options, including obtaining your refund at no additional cost.

Refund Transfer

  • The Refund Transfer Fee for the customer is $02.
  • There are no State or Subsequent Deposit Fees charged
    to the customer.

Easy Advance

  • 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
    • Shared cost between taxpayer
      and ERO.
    • Customers choose their loan amount.
    • Available to new and returning EROs.

  • Easy Advance Office Pay

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

  • Prepack Easy Advance

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

Additional Easy
Advance Detailing

  • EROs must enroll to offer.
  • Easy Advance is available through February.
  • Add on preACK Easy Advance if you want to start offering before e-file begins.
  • The Easy Advance loan application is built into your software.

Prepaid Card

The Netspend® Visa® Prepaid Card6 is available as a disbursement option for your clients.
  • 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.
  • 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.
  • Easy Advance Plus losses in excess of 5% may result in forfeiture of ERO incentives.
  • There will be a charge to the ERO for each approved preACK Easy Advance.
  • 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.
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)

    • Get up to $250,000.
    • Receive 50% of tax prep fees when filing season begins2.
    • Start paying back your balance plus a 2% origination fee once funding begins.
    • Open to new and existing EROs.

  • Pre season RAP

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

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

  • Cover office expenses.
  • Pay your employees.
  • Advertise to new and existing customers.
  • Update computers or software.
  • 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 are charged an origination fee on each dollar loaned that is paid from tax preparation fee disbursements. Please check with your software provider for availability.
  • If enrolled in both programs, in-season RAP advances would begin once your tax preparation fees submitted are twice the preseasonRAP amount advanced.
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