tom777 Posted December 12, 2007 Report Share Posted December 12, 2007 Has anyone known that ATX going to charge $10 Transmit Fee for each Bank(Republic) application ? This is new charge for this year. Quote Link to comment Share on other sites More sharing options...
BulldogTom Posted December 13, 2007 Report Share Posted December 13, 2007 Has anyone known that ATX going to charge $10 Transmit Fee for each Bank(Republic) application ? This is new charge for this year. How did you find that out? Is it only Republic? I went with Santa Barbra and don't recall any disclosures about fees for transmitting the application. I certainly don't want to get that suprise, since I don't charge a lot for the bank products. Tom Lodi, CA Quote Link to comment Share on other sites More sharing options...
Eli Posted December 13, 2007 Report Share Posted December 13, 2007 How did you find that out? Is it only Republic? I went with Santa Barbra and don't recall any disclosures about fees for transmitting the application. I certainly don't want to get that suprise, since I don't charge a lot for the bank products. Tom Lodi, CA Makes two of us!! I switched to SBBT also. I haven't read anything like that in the disclosures! Eli Quote Link to comment Share on other sites More sharing options...
tom777 Posted December 13, 2007 Author Report Share Posted December 13, 2007 How did you find that out? Is it only Republic? I went with Santa Barbra and don't recall any disclosures about fees for transmitting the application. I certainly don't want to get that suprise, since I don't charge a lot for the bank products. Tom Lodi, CA It was in my ATX software and it was in myAtx.com( click on "my product " ). I also have called ATX and they confirmed. It suprised me because it costs more $ for me anywhere between $2000 - $3000 for bank products. I am not happpy at all but I have to deal with it. Tom NY Quote Link to comment Share on other sites More sharing options...
BulldogTom Posted December 13, 2007 Report Share Posted December 13, 2007 It was in my ATX software and it was in myAtx.com( click on "my product " ). I also have called ATX and they confirmed. It suprised me because it costs more $ for me anywhere between $2000 - $3000 for bank products. I am not happpy at all but I have to deal with it. Tom NY When I go to myatx.com and click on "My Product" I only see the MAX product and the $69 Shipping fee. There is nothing about any bank products at all. In the past, Republic and ATX did not play nice in the sandbox together. I am assuming this is the same situation, that ATX is going to get paid for dealing with a vendor that they don't like to work with. Just a guess, not anything I know for sure. Eli, are you seeing anythin else on your order? Tom Lodi, CA Quote Link to comment Share on other sites More sharing options...
Eli Posted December 13, 2007 Report Share Posted December 13, 2007 When I go to myatx.com and click on "My Product" I only see the MAX product and the $69 Shipping fee. There is nothing about any bank products at all. In the past, Republic and ATX did not play nice in the sandbox together. I am assuming this is the same situation, that ATX is going to get paid for dealing with a vendor that they don't like to work with. Just a guess, not anything I know for sure. Eli, are you seeing anythin else on your order? Tom Lodi, CA Nothing at all! I did try to go in & enroll, but it kept giving me an error and wouldn't let me do anything. Eli Quote Link to comment Share on other sites More sharing options...
tom777 Posted December 14, 2007 Author Report Share Posted December 14, 2007 Nothing at all! I did try to go in & enroll, but it kept giving me an error and wouldn't let me do anything. Eli I called ATX sales today and asked for : " Why other people who use Santa Bank do not have $10 charge on Bank App Trans? ". She said : " it does not matter $10 appear on "my product " or not, ATX will charge $10 for every bank appl( no matter what bank you use). In this $10, ATX keep $6 and will rebate to you $4. " Tom NY Quote Link to comment Share on other sites More sharing options...
1040PRO Posted December 14, 2007 Report Share Posted December 14, 2007 I am using Chase RAL product. and have for the past 15 years. This is the first year ATX is offering Chase bank product. I was informed by Chase in their year end letter that they cut their fees and in return they are not offering any bonuses/Incentives this year and that they are not going to pay companies like ATX any bonus or incentives. My quess is that to off set the loss of the Incentives they raised there fees. I have all ways charged $35 per bank app processed plus $25 for efile . for several reasons 1) because the extra time it takes to explain the programs. 2) to cover the one or two that never get paid. 3) because i dont work for free Last tax seasion I did about 200 bank product, 1100 efiles out of 1900 returns . I say dont worry about $10 and just add it to your fees. CLIFF the 1040PRO in AZ Quote Link to comment Share on other sites More sharing options...
BulldogTom Posted December 14, 2007 Report Share Posted December 14, 2007 I called ATX sales today and asked for : " Why other people who use Santa Bank do not have $10 charge on Bank App Trans? ". She said : " it does not matter $10 appear on "my product " or not, ATX will charge $10 for every bank appl( no matter what bank you use). In this $10, ATX keep $6 and will rebate to you $4. " Tom NY This is interesting, because the HSBC agreement limits the amount that can be charged for a loan. If ATX is causing this limit to be exceded, then the loans are in violation of the new Armed Forces Lending Law. I wonder if HSBC is aware that ATX is screwing up their rate calculations. I am sure that ATX is going to say that it is a transmission fee or e-file fee, but I would guess that if a good lawyer looked at this, it would be a part of the interest calculation regardless what ATX and HSBC call it. Could be interesting if an Armed Forces member comes into a tax shop with ATX software and gets a RAL through HSBC. I would like to see them squirm. Tom Lodi, CA Quote Link to comment Share on other sites More sharing options...
Eli Posted December 14, 2007 Report Share Posted December 14, 2007 This is interesting, because the HSBC agreement limits the amount that can be charged for a loan. If ATX is causing this limit to be exceded, then the loans are in violation of the new Armed Forces Lending Law. I wonder if HSBC is aware that ATX is screwing up their rate calculations. I am sure that ATX is going to say that it is a transmission fee or e-file fee, but I would guess that if a good lawyer looked at this, it would be a part of the interest calculation regardless what ATX and HSBC call it. Could be interesting if an Armed Forces member comes into a tax shop with ATX software and gets a RAL through HSBC. I would like to see them squirm. Tom Lodi, CA Why wasn't it disclosed? Eli Quote Link to comment Share on other sites More sharing options...
BulldogTom Posted December 18, 2007 Report Share Posted December 18, 2007 Why wasn't it disclosed? Eli I still have not found it anywhere on the ATX websites. It does say on the MAX page that there are no hidden fees. I wonder what CCH considers "hidden"? There is nothing on the bank products page. I am waiting for some info from ATX. Lets see how this comes out. Tom Lodi, CA Quote Link to comment Share on other sites More sharing options...
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