Automatically set aside a percentage of each transaction, to cover your taxes. Plan ahead in order to eliminate last-minute stress.
To set up a Tax Planning account will need to sign up for the account either as a Business or an Individual.
Sign Up Flow
First Select what percentage to set aside for taxes. To stay prepared for taxes, you may consider setting aside a portion of your income, such as 20%, in a separate tax planning business checking account for potential tax obligations.
Depending on your business needs you will want to select the appropriate application:
- Applying for a Real Wallet Debit Card (Business)
- Applying for a Real Wallet Debit Card (Individual/Sole Proprietor)
Once your application has been approved the percentages you set will begin to apply.
It will default 20/80. You can edit it at any time!
You can also add additional accounts and set up your Auto Deposit Rules.
See: How do Auto Deposit Rules work?
The Real Brokerage is a real estate technology company and is not an FDIC-insured bank. Banking services provided by Thread Bank, Member FDIC. FDIC Insurance available for funds on deposit through Thread Bank, Member FDIC. FDIC deposit insurance covers the failure of an insured bank. The Real Wallet Visa debit card is issued by Thread Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. and may be used anywhere Visa cards are accepted. Certain conditions must be satisfied for pass-through deposit insurance coverage to apply.
Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when Thread Bank places them at program banks in its deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://thread.bank/sweep-disclosure/ and a list of program banks at https://thread.bank/program-banks/. Please contact customerservice@thread.bank with questions on the sweep program. Pass-through insurance coverage is subject to conditions.