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New Member
posted Feb 11, 2022 10:14:56 PM

Credit Karma Deposit Limit

I was wondering if my refund is over Credit Karmas Limit Will This Affect My Funds? Also why would TurboTax Change after all these years to Credit Karma knowing some refunds are larger due to the CTC and EIC?

0 6 837
6 Replies
New Member
Feb 12, 2022 12:02:33 AM

 

Intuit Alumni
Feb 12, 2022 7:43:04 AM

Credit Karma only offers a certain amounts when it comes to the Refund Advance. If you are not referring to the refund advance and decide to get your refund deposited into your Credit Karma Money Spend Account Only, you would get your entire refund, minus any agreed-upon fees.

 

Please reach back out if this does not answer your concern.

 

 

Level 1
Feb 22, 2022 7:43:33 AM

Does credit karma send refunds back to irs when they are over $10,000. I keep hearing they do not allow deposits over $10,000

Intuit Alumni
Feb 22, 2022 8:44:29 AM

Please reach out to TurboTax Customer Support for assistance with your Credit Karma question.

What is the TurboTax phone number?

@Dennal

 

Level 1
Feb 25, 2022 3:18:32 AM

Does this apply if your refund exceeds their daily deposit limit? Will my refund be rejected by credit karma banking? Also, with the IRS adjusting refunds, what is the estimated timeline for them to lift the holds and release the funds? Neither TurboTax nor your third party is reflecting the new adjusted amount from the IRS.

Intuit Alumni
Feb 27, 2022 2:50:52 PM

@Karnold0517

 

In regards to the Credit Karma Spend Account, you will need to reach out to their Customer Service for further assistance with this type of account.