The refund is sent back to the IRS. They will send you a refund check in the mail to the address on your federal tax return. This process can take 3 weeks or longer.
My refund was sent Direct Deposit and it was rejected February 24,2022 the date is now March 19,2022 and still I have heard nothing this sucks.
Since the IRS has already processed your individual tax return and your refund was rejected, you would need to reach out directly to them for any updates. See this FAQ regarding How to contact the IRS.
Did you ever receive your money? I’m having the same issue. And how did you find out it was rejected?
You cannot change banking information while your return is in pending, nor can you change it after the return is accepted. The IRS does not allow it.
If you e-filed:
Banking information for direct deposit is wrong or closed
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