Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 3, 2019 11:21:04 AM

To have direct deposit does my name need to be on the account?

Does your name have to be on the account for direct deposit?

0 2 13777
1 Best answer
New Member
Jun 3, 2019 11:21:06 AM

While there are no IRS rules that specifically forbid you from depositing your refund into someone else's account, we don't recommend it.

Why not? Because most banks have fraud-prevention measures that won't allow a direct deposit into an account bearing a different name.

If you decide to enter someone else's account information anyway, chances are the bank will reject the IRS's direct-deposit request because the name on the refund (yours) doesn't match the account holder's.

The IRS will then have to re-process the refund, cut a check, and send it by mail. You will (eventually) get your refund, but it'll take longer than it would have taken had you requested a check refund in the first place.

2 Replies
New Member
Jun 3, 2019 11:21:06 AM

While there are no IRS rules that specifically forbid you from depositing your refund into someone else's account, we don't recommend it.

Why not? Because most banks have fraud-prevention measures that won't allow a direct deposit into an account bearing a different name.

If you decide to enter someone else's account information anyway, chances are the bank will reject the IRS's direct-deposit request because the name on the refund (yours) doesn't match the account holder's.

The IRS will then have to re-process the refund, cut a check, and send it by mail. You will (eventually) get your refund, but it'll take longer than it would have taken had you requested a check refund in the first place.

Level 15
Aug 13, 2020 6:10:09 AM

@londonsky2016 It looks like you were trying to post a question, but your post is blank.  Do you have a question about using someone else's account?  (That is the topic of this thread..)

 

https://ttlc.intuit.com/questions/1901159-can-i-deposit-my-tax-refund-into-someone-else-s-account