My dad passed away a few days before I filed his 2021 tax return. He was due a refund and it was directly deposited into his checking account. His 2022 tax return will be his final tax return and he will also be due a refund. His checking account has always been joint with me - under his social security number. The estimated 2022 interest from this checking account will be about $5.00.
I'd like to close this checking account this month, however, If I close it out, can his 2022 tax return refund be deposited directly into my personal checking account?
Most banks will reject a direct deposit if the name associated with the deposit is not the same as the owner of the bank account.
Close your joint account after his 2022 tax refund is deposited into the joint account.
I'd rather keep the joint account with my dad open until his refund is electronically deposited into the account. Is this acceptable? As the other replay suggested, I would then close out the account.