It depends on what method you choose for your refund, AND on whether or not you pay the TurboTax product fees upfront.
If you pay the fees upfront with credit/debit card, you can choose for your tax refund to go directly from the IRS to your bank account in a direct deposit. Or you can have it direct deposit to a prepaid debit card, such as the Turbo Prepaid Visa Card, which is offered as a refund choice.
If you choose to pay the fees out of your Federal refund, the funds first go from the IRS to an intermediary bank where the fees are subtracted. Then that intermediary bank sends the rest on to your bank account in a second direct deposit. That method also has a 39.99 service fee (44.99 for California filers).
So you'll save money to pay the fees upfront by credit/debit card and have it go directly from the IRS to your bank account (or prepaid debit card.) That also avoids the chance of any problem hanging it up and delaying it at the intermediary bank, too.
