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New Member
posted May 31, 2019 9:44:27 PM

Can I deposit my refund into two accounts?

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1 Best answer
New Member
May 31, 2019 9:44:29 PM

You can direct deposit your refund into 2 accounts in TurboTax.  When you are entering your direct deposit information, scroll  to the bottom of the screen and look for a checkbox that says "I would like to split my refund into more than one account."  Choose this option then  "I want to split my refund into more than one account" You will then be able to enter your information to deposit your refund into 2 accounts.


18 Replies
New Member
May 31, 2019 9:44:29 PM

You can direct deposit your refund into 2 accounts in TurboTax.  When you are entering your direct deposit information, scroll  to the bottom of the screen and look for a checkbox that says "I would like to split my refund into more than one account."  Choose this option then  "I want to split my refund into more than one account" You will then be able to enter your information to deposit your refund into 2 accounts.


New Member
May 31, 2019 9:44:31 PM

This option is no longer available. Please take this article down. Thanks

Level 15
May 31, 2019 9:44:31 PM
New Member
May 31, 2019 9:44:35 PM

Ah....OK Thank you!!!

New Member
May 31, 2019 9:44:37 PM

it doesn't give me the options to split and the only form i used was 8863 and w2 (1040)

New Member
May 31, 2019 9:44:38 PM

Can someone please tell me how to split the refund into 2 accounts.  It is not giving me the option and I paid for my processing fees already via credit card?

New Member
May 31, 2019 9:44:39 PM

Is this a glitch? Can anyone comment?

New Member
May 31, 2019 9:44:40 PM

I'm trying the same thing. It said to pay for it by credit card for the option to be available and I did that. Still no option. However, it did let me do it on one return (tax professional) when I went to setup the U.S. savings bond. That's the only place it allowed multiple accounts.

New Member
May 31, 2019 9:44:41 PM

its not available anymore they need to tell people its no longer available

New Member
May 31, 2019 9:44:42 PM

I figured out how to do it. You need to click the box for savings bond. And then you can add the multiple accounts.

New Member
May 31, 2019 9:44:42 PM

Can't add an additional checking/savings account even after paying with credit card!

New Member
May 31, 2019 9:44:46 PM

@kitkat8803 that's the same thing I mentioned. But you shouldn't have to do that. Turbo Tax is getting over with their fees. Go to H and R Block

Returning Member
Mar 4, 2020 5:54:57 AM

How do I deposit my state of SC refund into two different bank accounts?

Intuit Alumni
Mar 4, 2020 8:48:26 AM

To split your refund within TurboTax Online you'll need to choose a credit card payment option. 

This article will help you. 

How do I split my refund into 2 different accounts?

Returning Member
Mar 4, 2020 12:20:02 PM

I saw how to split the federal refund, but not how to split the SC State Refund.

Intuit Alumni
Mar 4, 2020 12:45:55 PM

It looks like that will not be possible with your state refund.

New Member
May 8, 2020 9:23:34 AM

Can I split my refund between accounts when using the free version?

 

Expert Alumni
May 8, 2020 9:35:16 AM

You can split a direct-deposited refund into 2 or 3 different accounts unless you're using the Pay With My Refund option to pay your TurboTax fees.   See the instructions below.  

 

 

To split your refund in TurboTax Online, you'll need to choose the credit card payment option (assuming you're not filing for free).

If you chose the Pay With My Refund option, follow these directions to change your payment method, then come back here.

 

  1. When you get to the How would you like to receive your federal refund? screen, select the last option Split my refund between multiple bank accounts or U.S. savings bonds, then select Continue.
  2. On the next screen, select I want to deposit my federal refund into multiple bank accounts and select Continue.
  3. Enter the amount you want to go to the first account and then information the account information. When finished, select Add another bank account.
  4. You can split your refund between as many as three accounts. When you're finished entering your account information, select Continue.
  5. Review your bank information and deposit amounts and select Continue if all looks well. If you need to make changes, select Edit next to the entry you need to modify.

You can also use this method to put some of your refund in U.S. Series I savings bonds.

 

@dawnweaver