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Preparing to Offer Bank ProductsDrake Software User’s Manual3. Under Banking Information (Figure 8-3), select a bank and enter additionalinformation as necessary. Options are described in Table 8-3.Table 8-3: Options under Banking Information in Setup > Firm(s)Item in SetupDocument (RAL, etc.) Prep Fee(Chase, Republic, RCB)Electronic Filing Fee (all banks)Do not allow EF Fee overrideon Bank screen check box(Chase, Republic, RCB)Transmission/Software Fee AddOn (all banks)ERO chooses to Opt-out ofSuperRAL (RCB only)I have contacted the bank andhave been approved for the withholdingbypass option (RCB only)DescriptionFee to charge clients for preparing bank documentsFee to charge clients for e-filing their returnsPrevents preparers from changing the e-filing feesAllows you to charge an extra fee of up to $30 in additionto the $2 Drake transmission fee. This add-on fee,deducted from the taxpayer’s refund, is held for you in aseparate bank account. After tax season, the balance ofthis account is distributed directly back to you.For those who choose not to offer the Super RAL. Thehighest loan amount allowed for a regular RAL is $6,000while a Super RAL’s limit is $10,000. This option preventsSuper RALs from being available in the programFor firms or preparers who have been approved to offerRALs even when the taxpayer’s refund, minus theamount of EIC, is less than $0.4. Click Save.IMPORTANTCheck with your bank for limitations on bank-product and e-filingfees before setting up a new firm. Once an amount is set and abank application has been created, the amount should never bechanged. The banks closely monitor the amounts charged forapplication fees.Once a bank is selected and saved, you can access it from data entry. In the ElectronicFiling and Banking section of the General tab, click the bank’s name.Figure 8-4: Electronic Filing and Banking section of General tab in data entryAlternately, you can type BANK, BNK, or the bank code into the selector field and pressENTER.208 Tax Year 2008