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New Member
posted Mar 7, 2024 4:59:16 AM

Was anyone else surprised by bank fee to deposit your tax refund?

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1 Replies
Level 15
Mar 7, 2024 5:07:16 AM

@ karenwmerritt-gm 

asked:  "Was anyone else surprised by bank fee to deposit your tax refund?"

 

Are you referring to the extra $40 service fee that some people have ($45 for California filers)?   That's not for direct deposit.   Direct deposit is free; the IRS or TurboTax do not charge for it.   That optional fee is a service fee if you chose to pay your TurboTax fees out of your Federal refund, which involves a third-party bank to process your refund.   That $40/45 fee can be avoided by declining the "pay out of refund" option prior to filing and paying the TurboTax product fees upfront with credit/debit card.

 

If you haven't already filed:

FAQ: How do I remove Pay With My Refund fees in TurboTax Online and change my payment method?https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/remove-pay-refund-fees-turbotax-online-change/L7UxC6ZZp_US_en_US