Experience The Power of Partnering with HSBC Taxpayer Financial Services
Household was recently acquired by HSBC, creating a best-in-class provider of tax-related bank products to serve you, your clients, and your bottom line.
With HSBC Taxpayer Financial Services, you get the best bank products in the industry, better able to meet the needs of all your clients: Clients looking for a Refund Anticipation Loan enjoy the highest RAL approval percentage in the industry and the highest loan amounts, with the fastest RAL application processing. We also offer the highest volume Instant RAL program in the industry. For your more cost-conscious clients who do not want a RAL, we provide our lower-priced Refund Anticipation Check or Refund Processing Transfer service, with all fees deducted from their refund amount (including tax preparation fees). That means no out-of-pocket costs for your clients and your tax preparation fees are directly deposited into your bank account on a daily basis.
The Facts Speak for Themselves
HSBC Taxpayer Financial Services (TFS) is the tax-related financial services industry leader. We are not only the biggest, we are the best: • 66 million customers served since 1987! • Overall, one out of every two bank product customers is an HSBC TFS customer. That means we process nearly four times the number of RALs than our closest competitor! And take a look at our results over the last three years in the Independent ERO marketplace: • Bank product growth up 225%! • Independent ERO partner growth up 350%!
Don’t get left behind by your competition. Make the move that thousands of Independent EROs have already made!
Put the power of partnering with HSBC to work for you today by calling 1 (800) 342-5699 or visit www.hsbctfs.com!
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HSBC Taxpayer Financial Services 2005 Program Highlights
The best choice for you and your clients . . .
Pricing
ExpressRefund Loan (“Classic RAL”) Account Set-up Fee = $14.95 or $27.95 Loan Amount $200–$500 $501–$1,000 $1,001–$1,500 $1,501–$2,000 $2,001–$7,000 Finance Charge $7 $22 $42 $52 $87
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N EAR 14 O$ UP T AL! R PER
2005 Program Highlights
! All approved loans include NEW 100% EIC up to $7,000! NO PARTIALS/SPLIT RAL OFFERS! • Increases client satisfaction • Eliminates printing second checks • Saves you time overall
Highest approval percentages in the industry—near 90% overall approvals! Instant RAL offers $1,000 net check to your clients in less than 3 minutes! Nearly 60% approval rate! Clients with no prior RAL experience or experience with another bank are eligible to apply for FULL RALs! With HSBC Taxpayer Financial Services’ standard ERO Incentive Program, you could earn up to $14 per approved RAL—and incentives are paid up front during the tax season! Switch to HSBC Taxpayer Financial Services from another bank product servicer and receive a Switch Bonus of $3 for every RAL and funded RAC you do next year! Free marketing materials including shipping and handling! Average hold time for customer service is just 13 seconds! Online reporting & customer inquiry.
Federal ExpressRefund Check . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$27.95 (Check only) Refund Processing Transfer (RPT) . . . . . . . . . . . . . . . . . . . . . . . . . . . .$14.95 (Formerly an ExpressRefund Check Direct Deposit) State ExpressRefund Check . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$10.00 Instant Tax Refund Loan® (“Instant RAL”) . . . . . . . . . . . . . . . . . . . . .$35.00
ERO Incentives*
$5.00 up front per approved ExpressRefund Loan $3.00 up front per denied but IRS funded ExpressRefund Loan $3.00 up front per approved Federal ExpressRefund Check $2.00 up front per approved RPT $1.00 up front per approved State ExpressRefund Check
* Incentives are increased for tax prep organizations that process more than 1000 RALs/RACs.
Profit Sharing Incentive** Delinquency % 1.01%–1.25% 0.76%–1.00% 0.51%–0.75% 0.00%–0.50% Incentive Per Approved ExpressRefund Loan $0.50 $1.50 $2.50 $4.00
Bank Product Servicer Switch Incentive** $3.00 per approved ExpressRefund Loan and funded Federal ExpressRefund Check (RAC) Instant RAL Profit Sharing Incentive (Based on IRS reject rates of transmitted returns)
Instant RAL Tax Return Reject Rate
1.01%–1.60% 0.00%–1.00%
** Minimum number of bank products required.
Incentive Per Approved Instant RAL
$1.00 $2.00
Call 1 (800) 342-5699 to sign up today!