Tax Sites
Launch SavingsPoint — and Help More People Save More Money
Too often, it’s hard enough for low- and moderate-income (LMI) citizens to make ends meet, let alone save money. But tax time offers the ideal opportunity to support asset building, because many LMI individuals receive refunds and the IRS offers a convenient refund-splitting option. Now, your organization can connect to BEN’s Web-based SavingsPoint service — and use the easy and fast software tools to help more people open savings accounts on-the-spot.
SavingsPoint includes everything you need to create new bank accounts for your low-wage clients, complete applications and documentation, and prepare new account information for use by tax filing software — easily and quickly.
Support Low-Wage Workers’ Asset-Building
The innovative SavingsPoint service is particularly valuable because low-wage workers are among the largest sector of unbanked Americans. When they are given the opportunity to establish bank accounts and start saving money, they greatly improve their chances of reaching self-sufficient lives.
When your organization launches SavingsPoint’s Web-based software tools on your tax preparers’ desktops, your organization can easily facilitate the opening of bank accounts, and assign a portion of your clients’ tax returns for direct deposit into their new accounts. This simple step will have an enormously positive impact on the lives of many LMI citizens.
SavingsPoint Extends BEN's Benefits into Asset Building
SavingsPoint is specifically designed to deliver the maximum power in a minimum of effort:
- Creates new accounts on demand without an onsite banking staff.
- Applications and documentation can be signed electronically.
- Simplifies process tracking – from account opening to refund receipt.
- Works the way you do – either complete the process or route to specialists.
- Requires only Internet access, and no installation or maintenance is required.
- Includes user training and technical support.
Although it’s simple to use, SavingsPoint delivers many powerful benefits including:
- Helps more under-banked LMI families save through split refunds.
- Provides financial institutions with a low-cost method for reaching the LMI community.
- Powerfully supports your organization’s asset-building mission.
Help People Build More Assets — and Realize Their Dreams.
While BEN’s functionality quickly and efficiently handles benefits enrollment for your low-wage customers, SavingsPoint will give you the power to turn their refunds into savings. Launching SavingsPoint in your organization will further your goodwill mission — and further the dreams for a better life of the people you serve.
For more information about SavingsPoint, click here.
To launch the Web-based service in your organization, contact Nets To Ladders (N2L), the exclusive provider of BEN and SavingsPoint.