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Yoz2019
New Member

How long does it take for my money to clear in direct deposit when they sent it and it was approved yesterday ?

Chase

TiffanyL
Intuit Alumni

How long does it take for my money to clear in direct deposit when they sent it and it was approved yesterday ?

If you have tracked your return using the Where's My Refund? site and you show a direct deposit date, it should tell you what to do if you don't receive your refund within a certain amount of days. You would want to contact your banking institution to check on your refund. You may want to call the IRS directly, if your bank has no information on your refund and you want to check on the status.

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Dennisdevo
Returning Member

How long does it take for my money to clear in direct deposit when they sent it and it was approved yesterday ?

Im new to doing taxs. How nd when i would recieve y taxs and stimulus check

ReginaM
Expert Alumni

How long does it take for my money to clear in direct deposit when they sent it and it was approved yesterday ?

It typically takes 24-48 hours for your return to go from the Pending Status to the Accepted Status.  Once the IRS accepts your return, it can take an additional 21 days for your refund to be deposited into your bank account.  

 

When you log into your TurboTax Online account, your filing status should be displayed on your homepage. You can also use our e-file status lookup tool to get your current status. 

 

You can also check your refund status directly through the IRS using these links: Where’s My Refund on IRS.gov or the IRS mobile app, IRS2Go to check your status.

 

The IRS stated that they will start depositing the Stimulus Payments into peoples bank accounts the third week of April.  This does not mean that you will receive yours then.   We will have more information once the government finalizes the details.

 

In the meantime, you can visit the following links for the most recent updates:

TurboTax Corona Virus Updates or IRS Corona Tax Relief.

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Swimbait41
Returning Member

How long does it take for my money to clear in direct deposit when they sent it and it was approved yesterday ?

Turbocard

Swimbait41
Returning Member

How long does it take for my money to clear in direct deposit when they sent it and it was approved yesterday ?

I have turbo debit visa

Swimbait41
Returning Member

How long does it take for my money to clear in direct deposit when they sent it and it was approved yesterday ?

Turbo debit visa card

How long does it take for my money to clear in direct deposit when they sent it and it was approved yesterday ?

My bank account says my money has been sent it shows me the numbers how long will it take till it's available

How long does it take for my money to clear in direct deposit when they sent it and it was approved yesterday ?


@Randykerns wrote:

My bank account says my money has been sent it shows me the numbers how long will it take till it's available


When it becomes available for you to withdraw from your bank account is based on your bank's deposit hold procedures.  You will have ask them.

How long does it take for my money to clear in direct deposit when they sent it and it was approved yesterday ?

Some banks will make the funds available the day they receive the DD request, others will wait until the release date. Few banks will truly disclose when they actually received the deposit request vs when they release the funds.  

How long does it take for my money to clear in direct deposit when they sent it and it was approved yesterday ?

When will i receive my tax returns

 

ToddL99
Expert Alumni

How long does it take for my money to clear in direct deposit when they sent it and it was approved yesterday ?

Once you e-file your return and the IRS accepts it, there is nothing that TurboTax can do to affect how quickly your refund is processed.  
 

The IRS is not able to give you an exact date for receiving your refund. They can only give you the "expected" amount of time it takes for them to process it, but nothing more. The IRS Where’s My Refund? site is the best place to go for information.  

 

Everything the IRS has to say about refunds is at Tax Season Refund Frequently Asked Questions. If you read this carefully, you will see they are not making any promises.  

 

If you filed your 2020 taxes and haven't received your refund, your experience is very common -  the IRS is encountering major delays in processing 2020 tax returns, and is almost impossible to reach by phone.   
 

Why is this happening? Tax season (normally Jan 1 - Apr 15) is the busiest time of the year for the IRS. This year, they have also had to deal with major changes in the tax law, including ones that were passed retroactively in the past two weeks. They are also struggling with the same COVID workplace and workforce issues the rest of the country has encountered. 

 

 

 

breunna
New Member

How long does it take for my money to clear in direct deposit when they sent it and it was approved yesterday ?

did u every get your money yet??

LindseyLO
Intuit Alumni

How long does it take for my money to clear in direct deposit when they sent it and it was approved yesterday ?

Assistance with tracking your personal refund has been provided by clicking here

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HS9394
New Member

How long does it take for my money to clear in direct deposit when they sent it and it was approved yesterday ?

My date for my refund was today how long before I see it 

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