What is a deposit in my bank account, with PE2 mean?
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
gypsyldy
Level 1

What is a deposit in my bank account, with PE2 mean?

 
3 Replies
CassandraLO
Intuit Alumni

What is a deposit in my bank account, with PE2 mean?

This is the descriptor for the intermediary company (Santa Barbara Tax Products Group) that processes a refund when you choose to pay fees (Refund Processing Service) out of the Federal refund. That company first receives your funds from the IRS, then takes the fees out of the Federal refund, then sends the remainder on to your bank or prepaid debit card. 

Please see the TurboTax FAQ below for additional information:

Who provides the Refund Processing Service?
Kim20robbiestone
New Member

What is a deposit in my bank account, with PE2 mean?

I got a deposit of 2,258 and come change. From tax products pe2 llc. When my federal refund is supposed to be 4,160. I was wanting to know what was going on with the almost 2,000 that is missing from the refund? 

AmyC
Employee Tax Expert

What is a deposit in my bank account, with PE2 mean?

Steps to take:

Check Where's My Refund? to determine the amount released from the IRS.

  • If it was the full amount, contact SBTPG. See  Who provides Pay With My Refund?
  • If it is not the full amount, contact the Treasury Offset Program (refund offset program)  800-304-3107 to see why your refund was reduced.

 

 

@Kim20robbiestone

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Dynamic AdsDynamic Ads
v
Privacy Settings