How to Complete a TPG Bank Application

To apply for a Santa Barbara (TPG) bank product
  Regular RT
  Prefund Advance Options

• If you are primarily interested in Disbursement Options for the Prefund advance and the Regular RT options
  • KB 347: SB-TPG Disbursement Options For RT And Prefund
•  To generate a bank application in a return
  • KB 345: How to Add a ’Bank Product’ (RAC) to a Tax Return

IMPORTANT: 
The application is not meant to be filled out in order from top to bottom.
Read and review the application in its entirety before completing. 

1. Once a bank product is selected on Form 8879 (Refund Type "5")
   

   

2. From the Attached Forms menu > open BANK APP BANK APPLICATION.
3. Preparer Fees
   Preparer fees will populate from the Billing and Invoice. The Lock option will lock Invoice Calculation.
   
4. Check Boxes
   All check boxes need to be reviewed by the ERO and selected in the order defined by each field. 
   • For example: The field "Bank Signature Verification" will need to be checked after the bank application has been printed and signed by the taxpayer and spouse, yet before the application is to be transmitted. 
     

     

5. Taxpayer Identification
   Due diligence requirements, enter taxpayer and spouse identification information here.
   • Use the Transfer ID Information from CDS to use data entered on the client data screen.
     

     

6. Prefund Information
   For reference, refer to the article KB 64: What is an Easy Advance or Prefund? (All Banks Data)
   

   

7. Account Information
   • This section indicates how the bank should distribute the funds to the tax payer.
     

     

8. Truth In Lending Disclosure
   • This section includes:
     • Expected Federal Refund Amount
     • Fees Related to Tax Preparation and/or Others Services or Products:
     • Subtotal
     • Amount Paid Directly to You (This amount may be less if the IRS does not issue the full refund, or if a taxpayer owes any outstanding debts)
     • APR
     • Fast Cash Advance
     • Finance Charge
     • Amount Paid after Advance
       

       

Article ID: 349
Created: Tue, Aug 30, 2016
Last Updated: Tue, Dec 21, 2021

Online URL: //kb.erosupport.com/article-349.html