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Can I change account for refund to go in to?

 
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Arunkumar
New Member

Can I change account for refund to go in to?

You can change as long as you have NOT filed your return yet.


There is a workaround for changing your bank account number if an old one transferred over from last year. Please see below for the steps you need to take to update your account number. 

If you transferred in information from your 2015 tax return, you may be shown the same bank information that was used last year to have your refund direct deposited.

Workaround

If you want to change or edit the banking information that is shown, make sure that the box stating "I want my refund deposited into this account" is unchecked.

Scroll down to the bottom of the page and select Continue.

You will be taken to a new screen titled, "Let's get your bank account info".

This will allow you to enter the new or updated banking information that is to be used for your 2016 direct deposit.

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3 Replies
Arunkumar
New Member

Can I change account for refund to go in to?

You can change as long as you have NOT filed your return yet.


There is a workaround for changing your bank account number if an old one transferred over from last year. Please see below for the steps you need to take to update your account number. 

If you transferred in information from your 2015 tax return, you may be shown the same bank information that was used last year to have your refund direct deposited.

Workaround

If you want to change or edit the banking information that is shown, make sure that the box stating "I want my refund deposited into this account" is unchecked.

Scroll down to the bottom of the page and select Continue.

You will be taken to a new screen titled, "Let's get your bank account info".

This will allow you to enter the new or updated banking information that is to be used for your 2016 direct deposit.

Can I change account for refund to go in to?

I forgot to mention the return is already filed, do I still use this process?
Arunkumar
New Member

Can I change account for refund to go in to?

If you have already filed and submitted your tax return you are unable to edit the bank account information once the return has been accepted. If your return has been filed and submitted and rejected then you are able to change the information, just follow the steps above.

If the IRS is unable to deposit your refund into your account, they will mail you a refund check.

There is a great FAQ that explains this further:

Once your return has been accepted (or mailed), it's too late to change your bank account for direct deposit.

If the info you provided is for a closed or invalid account, the government will mail you a refund check.

If the info you entered is someone else's account, don't worry – some banks won't deposit tax refunds into accounts where names don't match up.  The best way for you to track your federal refund is to call the IRS at 1-800-829-1040.

If your recently-filed return is in pending status, wait until it's either accepted or rejected.

If rejected, you can update your account and any issues that caused the rejection.   Open your return in TurboTax and go through the File section again to update your bank account before re-submitting your return.
If accepted, you'll get your refund check in the mail.

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