Level 1

Question

How do I change my banking information with the IRS

Forum|Forum|5 years ago
December 29, 2020
24 replies
105 views

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TurboTax Online

DoninGA

Level 15

Once a tax return has been filed the bank information cannot be changed.

When you file the 2020 federal tax return you can enter the bank routing and account number for a direct deposit of a federal tax refund in the File section of the TurboTax program.

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xmasbaby0

Level 15

BANKING INFORMATION

Your banking information cannot be changed after your tax return has been filed and accepted.

Banking information does not go from TT to the IRS until you file your 2020 tax return and it is accepted. The IRS will begin to accept and process 2020 returns at the end of January 2021.

You enter/change banking information in the FILE section before you file your 2020 return. Changing it on the TurboTax site does not do any good until you file your return and the IRS processes your return. If they manage to start sending out stimulus checks before you can change your information, we hope the IRS provides a way for you to change it with the IRS. Right now there are no new guidelines. If your check goes to a wrong or closed account, it will be sent back to the IRS and then the IRS will mail a check to the address on your tax return.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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NCperson

Level 15

here is the IRS FAQ:

My bank account information has changed or was incorrect. Can I update it using the tool? (updated June 8, 2020)

No. To help protect against potential fraud, the tool does not allow people to change direct deposit information already on file with the IRS.

If we issue a direct deposit and the bank information is invalid or the bank account has been closed, the bank will reject the deposit. We will then mail your Payment as soon as possible to the address we have on file for you, and we will update Get My Payment to reflect the date your payment will be mailed. Typically, once the payment is mailed, it will take up to 14 days to receive the payment, standard mailing time.

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baucom1973

Level 2

I need to change my direct deposit information on my 2021 tax return

DoninGA

Level 15

@baucom1973 wrote:

I need to change my direct deposit information on my 2021 tax return

If you have filed the 2021 tax return the bank information cannot be changed.

If you have Not filed the 2021 tax return then your bank information for direct deposit or direct debit is entered in the File section of the program on Step 2.

S

Shynell1

Level 2

Who do I go to to change it

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Gmoney62

Level 2

I need to change my banking account with the irs

DoninGA

Level 15

@Gmoney62 wrote:

I need to change my banking account with the irs

If you have filed the 2021 tax return the bank information cannot be changed.

If you have Not filed the 2021 tax return then your bank information for direct deposit or direct debit is entered in the File section of the program on Step 2.

D

Demetrius090954

Level 2

How do i change my banking information with the irs

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xmasbaby0

Level 15

@Demetrius090954

Did you already e-file? If you did NOT e-file you can go to the FILE section and change how you want to receive your refund. If you want direct deposit you need the routing number and your own account number.

You cannot change banking information while your return is in pending, nor can you change it after the return is accepted. The IRS does not allow it.

If you e-filed:

Banking information for direct deposit is wrong

If you entered incorrect banking information for your refund, you can change it if your return is rejected. If it is accepted, however, it is too late to change it. The bank will reject the refund and send it back to the IRS. Then the IRS will issue a paper check and mail it to the address you put on your tax return. Expect a delay of at least a couple of weeks to receive your refund.

Here is what the IRS says about entering incorrect banking information

https://www.irs.gov/help-resources/tools-faqs/faqs-for-individuals/frequently-asked-tax-questions-answers/irs-procedures/refund-inquiries/refund-inquiries-18

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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Dm92

Level 2

Need to change my banking information for my taxes

DoninGA

Level 15

@Dm92 wrote:

Need to change my banking information for my taxes

If you have filed the 2021 tax return the bank information cannot be changed.

S

Shynell1

Level 2

I need to chang my banking information how can I do that

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xmasbaby0

Level 15

@Shynell1

Did you already e-file? If you did NOT e-file you can go to the FILE section and change how you want to receive your refund. If you want direct deposit you need the routing number and your own account number.

You cannot change banking information while your return is in pending, nor can you change it after the return is accepted. The IRS does not allow it.

If you e-filed:

Banking information for direct deposit is wrong

If you entered incorrect banking information for your refund, you can change it if your return is rejected. If it is accepted, however, it is too late to change it. The bank will reject the refund and send it back to the IRS. Then the IRS will issue a paper check and mail it to the address you put on your tax return. Expect a delay of at least a couple of weeks to receive your refund.

Here is what the IRS says about entering incorrect banking information

https://www.irs.gov/help-resources/tools-faqs/faqs-for-individuals/frequently-asked-tax-questions-answers/irs-procedures/refund-inquiries/refund-inquiries-18

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

O

Ocher30

Level 2

Ocher mack

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xmasbaby0

Level 15

@Ocher30 Are you trying to ask a question in the user forum?

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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Johnnycantil1

Level 2

How to find out what bank my refound went to?

VolvoGirl

Level 15

How to review the refund method

https://ttlc.intuit.com/community/refunds/help/how-do-i-review-the-federal-refund-method-i-chose-after-filing-with-turbotax-online/00/27417

Were you having the fees deducted from your refund? Then it goes through another bank to take the fees out. Has the IRS sent your refund yet? Did you efile or mail your return? Was it Accepted? Did you go all the way through the File tab, through the 3 steps and hit the big orange Transmit Returns Now button? You can check your efile status here https://turbotax.intuit.com/tax-tools/efile-status-lookup/

If your return was Accepted or you mailed it, then check IRS Where's my refund

https://www.irs.gov/refunds/