No money is received at the Bank prior to the date the IRS delivers funds to your bank account, often referred to as the refund settlement date.
- A “settlement date” is the day when money is transferred from the treasury into the tax filer’s bank account.
- Intuit does not have access to your tax refund before the settlement date.
- When Intuit is notified of the customer’s refund amount and the settlement date from the IRS, typically five days prior to the settlement of the refund, Intuit provides the customer access to the refund amount while Intuit waits for the refund to fully settle at the Bank.
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