Our profit driving solutions are primarily geared towards large financial institutions that offer consumer banking and credit card solutions. When implementing consumer online tax preparation it is very important for financial institutions to consider the very unique cross-selling strategies that exist between online tax preparation and products and services offered by financial institutions.
Two packaged modules that come at no extra charge offer your customer with the ability to have their tax refund direct deposited in their account at your financial institution. Another packaged module gives the customer the ability to pay their taxes due with their credit card. When the consumer has their tax refund direct deposited into their bank account the overall balance level of your customers accounts will increase. In turn, this will lead to increased profits for the institution.
The pay taxes with credit card solution is offered to consumers for a small fee. However, it costs your institution nothing to implement and is never an additional module that must be paid for. When the customer pays their taxes with their credit card, this drives an overall increase in the revolving credit balance - which, in turn, increases profits for the institution.
Deposit Plus™
To stay profitable, financial institutions need to channel more of their customers dollars into accounts with the institution. FormFree offers a free direct deposit module that allows the customer's tax refund to be direct deposited into the customers bank account at your institution. The Deposit Plus™ module is free for the customer to use and it's also
free for you to offer to your customers. It's just one of the many features of the online tax preparation system that can drive profits for your institution.
TaxCharge™
National financial institutions that offer credit card solutions can further profit by implementing our complete online tax preparation system. Choosing to add the TaxCharge™ module to their customers means customers can pay their taxes due with their credit card. There is no cost for the financial institution to offer this service, but there is small convenience fee that the customer pays to access this service.
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