When you select to have the TurboTax fees taken out of your return, the deposit is actually sent to an intermediary bank called Santa Barbara Tax Group. SBTG will receive your deposit and take the fees. They will then send your deposit sans fees to your bank. Process usually takes a day or two. You can check on the progress through SBTG by visiting their site (taxpayer.sbtpg.com). Select 'Step 2 Check with TPG' on the right side of the screen. You will need to enter your SSN, filing status and your expected total refund amount. You should see everything there.
