- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
After you file
@memacd62173 wrote:
Thats not what they are saying. People are saying that if you have fees taken out and the refund was processed by SBTPG, that the dd info the IRSreceived is not for you card but for a temporary deposit account. They says that turbo tax adds the dd for you onto the tax return after it’s filed. However, I have a copy of a return before I filed it and the dd info for my card is the info that’s entered. So who knows what’s going on?!
According to SBTPG's latest update, if they are sending your money via direct deposit to a bank account (or presumably a non-SBTPG prepaid card), the IRS will send the stimulus there via direct deposit. (Not sure if SBTPG will handle the money or if either SBTPG or Intuit is providing the account info to the IRS, but either way it's getting there.)
The question is whether or not Turbo Cards are "a debit card issued through" SBTPG, which according to their announcement will result in paper checks. Though Turbo Cards are issued by Green Dot Bank, which also issues the Walmart MoneyCards SBTPG offers its non-TurboTax customers (Green Dot Corporation owns both SBTPG & Green Dot Bank), Turbo Cards are a separate deal between Intuit and Green Dot Bank. The fact that TurboTax printed your Turbo Card routing & account numbers on your 1040 suggests Intuit got those directly from Green Dot Bank, *not* SBTPG. If the Turbo Card's numbers get to the IRS (via SBTPG, TurboTax or otherwise), they'll send the money there. However, if SBTPG treats Turbo Cards like its own Walmart MoneyCards and the numbers don't go to the IRS, it will be a paper check (unless you enter them on the forthcoming IRS portal).