Direct Deposit Bank Name

Forum|Forum|1 year ago
February 1, 2025
1 reply
0 views

The box on Turbo Tax for Bank name for Direct Deposit isnt big enough to fit my banks name in it. Is this going to be an issue for direct deposit of my refund?

Best answer by JotikaT2

As long as you have the correct routing number and account number, it should not be an issue. Try to abbreviate some of the name items if possible.

Please see this link for more information on direct deposit from the IRS.

JotikaT2Answer

As long as you have the correct routing number and account number, it should not be an issue. Try to abbreviate some of the name items if possible.

Please see this link for more information on direct deposit from the IRS.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

Kyle Holcomb

So.. I submitted my direct deposit information with the correct Routing number and Account number to my Chime account. However the Bank Name (The Bancorp Bank, N.A.) I only wrote "The Bancorp Bank".

This also should not be a problem?

Thank you so much for your time and assistance.

mesquitebean

Employee

@Kyle Holcomb wrote:
So.. I submitted my direct deposit information with the correct Routing number and Account number to my Chime account. However the Bank Name (The Bancorp Bank, N.A.) I only wrote "The Bancorp Bank".

This also should not be a problem?

Thank you so much for your time and assistance.

The absence of the "N.A." shouldn't make any difference. That's just how the bank is chartered, i.e., "National Association" as opposed to a state bank or Federal savings bank. There's no way to change it anyway. In fact, the IRS doesn't even have a strict requirement to list the bank name. They will go by the deposit numbers. If the deposit numbers are correct, then you should be OK.