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Does the five day early really work?

My transcript says DDD 2/26, when would I receive my money if I chose the 5 day early option?
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3 Replies
JohnB5677
Employee Tax Expert

Does the five day early really work?

The DDD indicates Direct Deposit Date.  

  • It means there was an electronic funds transfer.
  • It should be available on 2/26.
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Does the five day early really work?

Yes, I’m well aware that DDD stands for direct deposit date, my question is about the 5 days early payment. Since my date is for the 26th will I get my money today since I paid for the 5 days early?

CatinaT1
Employee Tax Expert

Does the five day early really work?

Yes, your 5 days early would be today, but there's no way to know the timing. You should get an email from TurboTax when your refund is on its way. Some didn't get an email until late in the day, but still got their deposit.

 

For more information click on the link below

5 Days Early Option

 

If you don't get your deposit, there is a few reasons why that might happen.

 

  • Your refund was offset or differed from their estimated refund amount, bringing the refund amount below the minimum threshold or above the maximum. What is a refund offset?
  • Your bank wouldn't accept RTP (Real Time Payments) or Same Day ACH deposits, preventing Intuit from depositing your refund 5 days ahead of when the IRS would have deposited your refund.
  • The IRS didn't give Intuit 5 or more days of notice in advance. This stopped Intuit from meeting the 5 days early expectations.

If TurboTax is unable to deliver the refund 5 days early, your order will be canceled and you won't be charged the 5-Day Early fee. You will receive a follow-up email with a refund and timing update, and if any cancellation is applicable. 

 

If you don’t receive an update email or an automatic refund (if applicable) within a few days, you can contact TurboTax Customer Support by clicking the link below.
 

TurboTax Phone Number

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