The IRS sends the deposit over to your financial institution with a set date for it to be deposited. Think of it like if you have your paycheck direct deposited. If your employer sends it with a date on the check for 02/25/2020 then it will be posted to your account based on your bank's guidelines. Some banks will have it showing that day at midnight, while others place a 3 day hold on the deposit. You would base it on the financial institution you bank with.
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