@memacd62173 wrote:
Okay. I am reading over paperwork from turbo tax regarding if funds were taken out. There are two terms used here: Bank and Processor (SBTPG). From what I understand your dd info is in fact on the return transmitted to the IRS. When you file your return this temporary deposit acct is not opened by Bank until they receive acknowledgement from the IRS that your return has been efiled and accepted. Bank creates the temporary deposit account from which Processor deducts any fees. Neither Bank, nor the Processor are affiliated with Intuit (transmitter of you return). So, this being said turbo tax which transmits your return, does not have access to this temporary deposit account created by Bank. Which would mean they have to enter the correct dd on the tax return they send to the IRS (it is not until the tax return is filed and accepted by the IRS that this temporary account is opened by Bank).
Your understanding is incorrect. If you elected to have TurboTax fees deducted from your refund, the direct deposit info on your return as transmitted to the IRS is the temporary account at SBTPG's bank partner (usually Civista Bank) as provided to TurboTax *before* it sends the return, *not* your actual bank account or prepaid card (SBTPG uses that to forward you the balance after it deducts fees). That's why it's uncertain what will happen in that case, though SBTPG's announcement does give cause for hope.
