User's Manual - Drake Software

Drake Software User’s Manual
E1 Visa ® Prepaid Card Program
fees, franchise/network fees, and any Drake fees. A minimum first-time load amount
of $10 applies.
This card can be used year-round, and clients can reload it at any time using one of the
following methods:
• By direct deposit of their payroll
• By direct deposit of government benefits
• Through an approved E1 Card reload network partner
As with e-Collect, the E1 Card is available to certain taxpayers who are 18 or older.
For more information on qualifying for the E1 Card, visit epsfinancial.net. Information
on entering the required information for the E1 Card is provided in “The ECOL
Screen,” following.
IMPORTANT
The E1 Visa ® Prepaid Card is issued by The Bancorp Bank pursuant to a license
from U.S.A. Inc. It can be used wherever debit cards are accepted. The Bancorp
Bank; Member FDIC.
Obtaining Your Card: The USA PATRIOT Act is a federal law that requires all
financial institutions to obtain, verify, and record information that identifies each
person who opens a Card Account. What this means for you: When you open a
Card Account, we will ask for your name, address, date of birth, and other information
that will allow us to reasonably identify you. We may also ask to see your
driver's license or other identifying documents at any time.
The ECOL Screen
Use the ECOL screen to apply for the E1 Visa ® Prepaid Card or any of the e-Collect
bank products.
7216
Signature
Security
Information
Deposit
Notification
All 7216 forms must be signed by the taxpayer (and spouse, if applicable) before
applying for the E1 Card or any e-Collect bank product. If the paper option has been
used to obtain the taxpayer signatures, mark the box provided on the ECOL screen.
To have the required forms signed electronically, click the links provided on the
screen.
The Security Information section of this screen contains questions intended for the
preparer’s clients to answer. The taxpayer will have to able to answer these same questions
if he or she wants to log in to the EPS Financial website (espfinancial.net) and
set up an online account.
The purpose of the Step 5: Disbursement Method section is to establish how your
client should be notified when funds have been loaded onto the E1 Card. From the
first drop list of this section, select the notification method for contacting the taxpayer.
If you select SMS (text messaging), you’ll also need to select the cell phone carrier
from the Cell phone carrier drop list. (Be aware that charge may apply when using
Tax Year 2012 215