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Level 1
posted Feb 22, 2023 6:21:40 AM

Refund deposited into closed account, money sent back to the bank

So, TD closed my account that my refund was SUPPOSED to be deposited into (2/15), money was sent back, and now im waiting for a paper check (i know they cannot retry a different account.) Does anyone have any idea on a time line as to when they USUALLY send out these checks? Just to watch out for the mail. TIA !

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1 Best answer
Level 15
Feb 22, 2023 7:03:27 AM

If you were set up for a direct deposit of your refund and your bank account closed before the funds were direct deposited, your bank will return the funds to the IRS. The IRS will then issue you a paper check, resulting in a tax refund delay of up to 10 weeks.

4 Replies
Level 15
Feb 22, 2023 7:03:27 AM

If you were set up for a direct deposit of your refund and your bank account closed before the funds were direct deposited, your bank will return the funds to the IRS. The IRS will then issue you a paper check, resulting in a tax refund delay of up to 10 weeks.

New Member
Apr 10, 2024 4:40:59 PM

What address will turbo tax use?

Level 15
Apr 10, 2024 4:53:48 PM

@kcameron1  TurboTax does not send out the check. The IRS will mail your check to the address on your tax return.

New Member
Apr 10, 2024 7:15:58 PM

Thank you!