If you are considering or have enrolled in SBTPG’s paper check bank product, a $12 Check Administration Fee applies when your client chooses to receive their refund disbursement by paper check.
As part of the enrollment agreement, tax preparers must consent to the Check Administration Fee program.
When does the fee apply?
- The $12 fee applies only when a client chooses to receive their refund disbursement by paper check.
- The fee does not apply if the client selects another available disbursement method.
- The fee only applies to checks that do not offer a Fast Cash Advance.
Does the preparer receive a portion of the fee?
Yes! As outlined in the Terms & Conditions, the tax preparer receives $4 for each qualifying disbursement check issued under the program.