Based on what you said, I expect you chose to Pay With Your Refund.
Here is the process
- The IRS will issue a payment of the refund
- It will go to a processing bank
- The bank will pay the TurboTax fees, and a processing fee for the bank.
- The balance will be electronically transferred to your account.
- If for some reason it is not accepted, it will go back to the first bank.
- They will send it back to the IRS.
- The IRS will send a paper check to the address you have on your tax return.
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