, Answering FAQ'sTurboTax Employee
Let's say you just e-filed your return (or dropped it off at the post office) when you suddenly realize you entered the wrong bank account information for your direct-deposit refund request.
First, if you e-filed, wait until your return is accepted or rejected by government.
- If your return is rejected, correct the account information (along with anything else that needs to be corrected for e-filing) and then re-submit your return.
- To correct your bank information, simply open your return in TurboTax, click File, and walk through the screens again.
- On the other hand, if your return has already been accepted (or you already mailed it), the IRS will send you a check refund instead.
What if the account information I entered is valid, but for somebody else's account?
The good news is that most banks have systems in place that prevents money from being deposited into accounts bearing a different name.
Even so, it would be good idea to call the IRS at 800-829-1040 as soon as you realize your mistake. Also notify your state tax agency if you're getting your state refund direct-deposited.