https://ttlc.intuit.com/community/taxes/discussion/re-what-does-refund-transfer-mean/01/1184648#M432933 <P>Did&nbsp; you to choose to pay your TurboTax fees out of the Federal refund?</P> <P>&nbsp;</P> <P>If so, that service is called "refund processing" or "refund transfer service".&nbsp;&nbsp; An intermediary company opens a bank account in your name at an intermediary bank.&nbsp;&nbsp;&nbsp; That bank receives your refund from the IRS, subtracts the fees, then sends the rest to your bank account (or card) in a second direct deposit.</P> <P>&nbsp;</P> <P>There is a $40 fee for that service ($45 for California filers.)</P> Wed, 19 Feb 2020 06:27:15 GMT mesquitebean 2020-02-19T06:27:15Z https://ttlc.intuit.com/community/taxes/discussion/what-does-refund-transfer-mean/01/1184634#M432926 I filed my refund to be sent to direct deposit bit it says tranfer refund. What does that mean? Wed, 19 Feb 2020 06:20:39 GMT https://ttlc.intuit.com/community/taxes/discussion/what-does-refund-transfer-mean/01/1184634#M432926 chelleg1207 2020-02-19T06:20:39Z https://ttlc.intuit.com/community/taxes/discussion/re-what-does-refund-transfer-mean/01/1184648#M432933 <P>Did&nbsp; you to choose to pay your TurboTax fees out of the Federal refund?</P> <P>&nbsp;</P> <P>If so, that service is called "refund processing" or "refund transfer service".&nbsp;&nbsp; An intermediary company opens a bank account in your name at an intermediary bank.&nbsp;&nbsp;&nbsp; That bank receives your refund from the IRS, subtracts the fees, then sends the rest to your bank account (or card) in a second direct deposit.</P> <P>&nbsp;</P> <P>There is a $40 fee for that service ($45 for California filers.)</P> Wed, 19 Feb 2020 06:27:15 GMT https://ttlc.intuit.com/community/taxes/discussion/re-what-does-refund-transfer-mean/01/1184648#M432933 mesquitebean 2020-02-19T06:27:15Z