Tax Refund Money by Direct Bank Deposit or a Check in the Mail?

Why wait for a refund check in the mail? Direct bank deposit of your tax refund money is the fastest and safest way to receive your IRS tax refund.

A direct deposit transfers your tax refund check directly into your personal or joint checking or savings account via a secure electronic funds transfer.

The electronic funds transfer provides taxpayers with the safety and speed of direct deposit. Taxpayers can direct deposit tax refunds with any U.S. financial institution as long as the bank routing and account numbers are valid.

Direct Deposit Security

The direct deposit payment is secure; the check can't get lost in the mail. Every year, millions of dollars in tax refunds do not get to their recipients since the checks in the mail were undeliverable. Choosing direct deposit eliminates the possibility of undeliverable mail and is also the best way to guard against having a tax refund stolen. Find out about undelivered tax refund checks

Direct Deposit Convenience

Your tax refund money will be deposited into your bank account automatically; there is no need to make a trip to the bank.

Direct Deposit Speed

Use to prepare and file your taxes and select the direct deposit option to receive your tax refund fast (usually 8-15 days after your tax return is accepted by the IRS).

Check the latest estimated tax refund deposit dates

Joint Refund: A Note for Joint Filers

Some financial institutions do not allow a joint refund to be deposited into an individual account. Check with your bank or other financial institution to make sure your direct deposit will be accepted. Some banks charge a small fee for direct deposit. Double check your Bank Routing Number and Bank Account Number when you fill out the direct deposit section of your tax return. Verifying these numbers is just as important as double checking your name, date of birth, and Social Security Number. If you aren't sure what your bank numbers are, call your bank and ask.

Paper Refund Check in the Mail

Sent via the U.S. Postal Service: provides this option, however it will take you longer to get your refund and there is the danger that your tax refund check might get lost or damaged in the mail.

Tax Refund with Deduct Fee from Refund (e-Collect)

If you use the eFile Deluxe or Premium service and incur a charge for it, you may choose to have your tax preparation fee deducted from your tax refund. Your expected tax refund will be transferred from the IRS to the bank of our e-Collect partner, and then transferred to your bank minus the e-Collect and tax preparation fees. An e-Collect fee (Deduct Fee from Refund, or DFFR) of only $19.95 will be charged for this service. This fee is one of the lowest in the industry and is charged by our e-Collect partner, EPS Financial/Bancorp, and is automatically deducted from your tax refund before the remainder is deposited in your bank account.

Learn more about your tax refund options