Tri Tax Debit Card Saves Fees, Keeps More Cash in Customers' Pockets

New debit card can be used for tax refunds and payroll deposits.

SAN PEDRO, Calif., Feb. 5 /PRNewswire-USNewswire/ -- Especially in a tight economy, it's hard for people to watch their hard-earning money slip away in the form of check cashing fees. The new Tri Tax Debit Card is an easy solution that can save hundreds of dollars in fees.

The Debit Card is an ideal way for Tri Tax customers to receive tax refunds, but it also functions as a low-cost delivery tool for payroll deposits. Workers who currently pay high check cashing fees may save hundreds of dollars by using the Tri Tax Debit Card, while also avoiding banking hassles or waiting weeks for checks to arrive by mail.  

Tri Tax President and CEO Frank Montano says that although the debit card concept isn't new, his company's approach is. "It's our goal to provide clients with the lowest priced way to obtain tax refunds," he explains. "With the average check cashing fee at about 3%, cashing a $4,000 refund will result in charges of $120. The Tri Tax Debit Card just makes sense."

The Tri Tax Debit Card serves as a benefit not only for clients, but also for the franchisees who use it as a value-added experience for customers, Montano continues. "The Hispanic community which Tri Tax prides itself on servicing is the largest growing segment of our population and also one of the most underserved by the banking industry," he says. "The Tri Tax Debit Card has been successful because our franchisees take the time to educate clients on how to use this card as a financial tool."

The economic climate that has made the Debit Card so valuable is yet another reason why becoming a Tri Tax franchisee is so appealing to a growing number of people. "It's getting tougher for independent tax preparers to stay in business," Montano states. "With upcoming IRS tax preparer regulations and the inability of many preparers to offer bank products, our competitors are often left scrambling. But Tri Tax franchisees are preparing more returns than ever and are experiencing even greater success by offering the newly released Tri Tax Debit Card. There's never been a better time to join a franchise!"

About Tri Tax

Carlos Marquez founded Tri Tax in San Pedro, California, while still in junior high. His passion for assisting individuals and families across all economic segments led to a booming business that soon outgrew its initial site. He relocated to Wilmington, California, and began franchising the company, giving others the opportunity to experience the limitless success he had created for himself. In 2009, Frank Montano was appointed President and CEO, while Marquez remains active as Founder and Chairman of the company. For more information, visit the Tri Tax web site at www.tritaxfranchise.com.

SOURCE Tri Tax