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Level 2
June 12, 2024
Question

Still waiting for Turbotax to transfer the refund to me.....

  • June 12, 2024
  • 2 replies
  • 1 view

IRS said it was refunded and deposited on 5/1 (to Turbotax I guess, since they need to deduct the service fee first), but I am still waiting for TurboTax to transfer it to me as 6/12

2 replies

Mike9241
Level 15
Level 15
June 12, 2024

The IRS is mistaken. the refund never goes to Turbotax but to a third-party bank which splits the refund between you and Turbotax. your portion is then forwarded using the direct deposit info provided. if it is incorrect the bank sends the money back to the IRS to send you a paper check. 

 

 

contact support for assistance

5am-5pm Pacific Time (8-8 Eastern) Monday - Friday
https://support.turbotax.intuit.com/contact

800-446-8848

Mike9241
Level 15
June 12, 2024

 

Your tax refund was not sent to TurboTax.   TurboTax does not handle your refund at all.

Santa Barbara Tax Products Group, LLC  (SBTPG) is the bank that handles the Refund Processing Service when you choose to have your TurboTax fees deducted from your refund. This option also has an additional charge from the bank that processes the transaction. 

You can contact them SBTPG, toll-free, at 1-877-908-7228 or go to their secure website www.sbtpg.com 

https://ttlc.intuit.com/questions/2580357-who-provides-the-refund-processing-service

 

 

 

https://ttlc.intuit.com/community/refunds/help/who-provides-pay-with-my-refund/00/26410

 

 

How can I see my TurboTax  fees?   

https://ttlc.intuit.com/questions/2565973-how-do-i-review-my-fees-in-turbotax-online

 

What is Refund Processing Service?

 

 

 

 

Santa Barbara Tax Products Group, LLC  (SBTPG) is the bank that handles the Refund Processing Service when you choose to have your TurboTax fees deducted from your refund. This option also has an additional charge from the bank that processes the transaction. 

 

You can contact them SBTPG, toll-free, at 1-877-908-7228 or go to their secure website www.sbtpg.com 

https://ttlc.intuit.com/questions/2580357-who-provides-the-refund-processing-service

 

 

**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.**