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Level 1
April 26, 2021
Question

Direct deposit

  • April 26, 2021
  • 2 replies
  • 1 view

Did ask about direct deposit 

    2 replies

    Level 15
    April 26, 2021

    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.

     

    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.**
    Level 15
    April 26, 2021

    If you have already e-filed your taxes and they have been accepted, it is too late to enter Direct Deposit information.

     

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

     

    • If rejected, simply open your return in TurboTax and go through the File section again to update your bank account before re-submitting your return (don't forget to also take care of whatever problem caused the rejection).
    • If accepted, you'll get your refund check in the mail.

    If you have not e-filed your tax return yet, please follow the instructions below, on how to edit your direct deposit information:

     

    Please sign-in to your TurboTax Online Account and then:

    1. Once you are in your return, select the file tab in the upper right hand section of the TurboTax screen
    2. Once you have selected the file tab you will then see where you can edit your direct deposit information

     

    Related information:  What if I entered the wrong bank account for direct deposit?

     

    Source: AshleyRose

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