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kiemthompson
New Member

My BofA account info that was submitted for direct deposit closed and they gave me a new account number and i dont see anywhere to update my new info. Please advise.

 
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Critter
Level 15

My BofA account info that was submitted for direct deposit closed and they gave me a new account number and i dont see anywhere to update my new info. Please advise.

If you efiled your return, you can't change the direct deposit info using TurboTax.  

Once the IRS releases the refund (watch here https://www.irs.gov/Refunds ) it is then up to your bank to receive and post the deposit. This can take up to 3 business days to happen as they check to see if it is a legitimate deposit. If the routing & account numbers are correct AND if your name is on the account then the deposit should be acknowledged.  If any of these things are incorrect the bank can refuse the deposit and the IRS will convert the refund to a paper check mailed to the address on the return. This conversion process can take 2 weeks or more to happen.


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3 Replies
Critter
Level 15

My BofA account info that was submitted for direct deposit closed and they gave me a new account number and i dont see anywhere to update my new info. Please advise.

If you efiled your return, you can't change the direct deposit info using TurboTax.  

Once the IRS releases the refund (watch here https://www.irs.gov/Refunds ) it is then up to your bank to receive and post the deposit. This can take up to 3 business days to happen as they check to see if it is a legitimate deposit. If the routing & account numbers are correct AND if your name is on the account then the deposit should be acknowledged.  If any of these things are incorrect the bank can refuse the deposit and the IRS will convert the refund to a paper check mailed to the address on the return. This conversion process can take 2 weeks or more to happen.


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kiemthompson
New Member

My BofA account info that was submitted for direct deposit closed and they gave me a new account number and i dont see anywhere to update my new info. Please advise.

@Critter#2 thank you for ur reply. The financial institution will still be able to accept/decline the refund even if the account is closed?
Critter
Level 15

My BofA account info that was submitted for direct deposit closed and they gave me a new account number and i dont see anywhere to update my new info. Please advise.

Most likely not but check with them for their policies.
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