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February 25, 2025
Question

I selected to have refund deposited up to 5 days early and it doesn't show I selected that option. What can I do to get this fixed?

  • February 25, 2025
  • 1 reply
  • 0 views
It also says the 26th for deposit. Could it be deposited today if it is sent to the bank?

    1 reply

    Employee
    February 25, 2025

    Who says it "doesn't show"?  The IRS "where's my refund" site only tells you when your refund is scheduled to be deposited, or actually deposited.  They don't know what deals you made with other companies.  With "5 days early", you agree that your refund is sent to a third party bank, a middleman, and the middleman bank account number is transmitted to the IRS instead of your regular bank account.  Assuming the IRS provides 5 day notice, the middleman bank will send the final amount (minus $25) to your regular bank, and then keep the direct deposit from the IRS when it comes 5 days later.  If the IRS doesn't send advance notice, the middleman bank will not send you any free money until after the IRS makes the direct deposit (in which case they won't deduct the fee).  The IRS doesn't know you made this deal, they only know when they plan to make the deposit into whatever bank was contained on your tax return (in this case, the middleman bank).