, Answering FAQ'sTurboTax Employee
Speed, security, and convenience. By e-filing and choosing direct deposit, the IRS expects to issue 9 out of 10 refunds within 21 days, as opposed to 4-6 weeks for a check in the mail.
With a direct-deposited refund, you don't need to worry about your refund check getting lost in the mail, and you don't have to go to the bank to deposit or cash it.
You can even split a direct-deposited refund into 2 or 3 different accounts!
Please note that due to IRS regulations, you cannot direct-deposit your refund into foreign accounts – only domestic accounts located in the United States.
- Do you charge for direct deposit?
- What if I entered the wrong bank information for direct deposit?
- Where do I find my routing or account number?
- Can I deposit my tax refund into someone else's account?