@Cfarley88 No, the IRS has no dollar limit on direct deposit of refunds. However, direct deposit must only be made to accounts bearing the taxpayer’s name.
Also, In an effort to combat fraud and identity theft, new IRS procedures effective January 2015 will limit the number of refunds electronically deposited into a single financial account or pre-paid debit card to three.
The fourth and subsequent refunds automatically will convert to a paper refund check and be mailed to the taxpayer.
For more information, see IRS Direct Deposit Limits.
"IreneS Level 14"
Once your refund status on the IRS Where's My Refund? site, shows "Refund Sent" it can take 1 to 5 business days for the financial institution to deposit fund into your account. When checking your refund status, it doesn't show a paper check was sent, does it? Sometimes the IRS will send a check, if they do you would receive a letter explaining why.
Have your verified your account information on your tax return? Please see the link below: How do I review the federal refund method I chose after filing with TurboTax Online?
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