@shanella30 wrote:
Yes TurboTax holds stimulus payment. I received a email from turbo
tax stating my deposit has arrived and how much it is but it is still will not available in my account until April 30. It is April 27th. So yes, they hold it to collect interest from your money before releasing it to you.
That is Green Dot Bank, not TurboTax and almost all banks have 5 day holding periods on deposits from any source. My Credit Union & Wells Fargo holds all deposits for 5 days. Standard banking procedure.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
