Tax Refund Options
After you prepare your tax return on efile.com, you will be able to choose how you wish to receive your tax refund. You may choose direct bank deposit (recommended!), direct deposit with e-Collect, or a check in the mail.
Direct Bank Deposit, Direct Bank Deposit with e-Collect, or Check by Mail
Tax Tip: For a faster tax refund, please select the Direct Bank Deposit option during the efile.com checkout process. This option is fast, secure, and convenient. It requires that you have a bank account (a valid bank routing number and account number).
Caution for joint filers: Some banks may not accept a direct deposit of a joint tax refund into an individual account. If your filing status is married filing jointly, please check with your bank or financial institution before requesting the deposit of a joint refund into an individual account.
1. Direct Bank Deposit
Your expected tax refund will be electronically transferred from the IRS (US Treasury) to the bank account you entered during your efile.com online tax return. Your Tax Refund will be issued and transferred from the IRS (US Treasury) to the bank account you entered during your online tax return. This transfer is free of charge.
Check your tax refund deposit status
2. Direct Bank Deposit with e-Collect (Deduct Fee from Refund)
If you selected to have your fee deducted from your expected tax refund your tax refund will be transferred from the IRS to our partner bank (Bancorp/EPS Financial). Your Tax Refund minus the tax preparation fee (for Deluxe or Premium service) and a DFFR fee of only $19.95 will be transferred from Bancorp/EPS Financial to the bank account you specified on your efile.com tax return. The $19.95 DFFR fee is not charged by efile.com but charged by our banking partner (EPS Financial) and will be automatically deducted from your tax refund. Your remaining refund will then be transferred by EPS Financial to the bank you entered during your online tax return.
Check the status of your tax refund with EPS
Important: As of March 26, 2015, e-Collect/EPS no longer accepts or transfers tax refunds to the following prepaid card providers: Green Dot Bank, GoBank (a Division of Green Dot Bank), American Express Centurion Bank, US Bank NA (Lamorinda NB), Prepaid Suntrust, H&R Block Bank
3. E-1 Prepaid Visa Card by Mail (Issued by EPS Financial)
If you selected to have your fee deducted from your expected tax refund, but you do not have a bank direct deposit account, you can choose to put your refund on a prepaid visa card. You should expect to receive the card in the mail 7-10 days after the IRS accepts your tax return. Once EPS processes your fees, the remainder of your refund will be deposited onto the card.
Check your E-1 prepaid tax refund card status with EPS
4. IRS Check by Mail
Once your tax return has been received and processed, the IRS will issue you a paper check and send it through the US Postal Service. It generally takes at least twice as long as direct deposit to receive your refund through the mail.
Check the status of your tax refund check
Tax Refund Dates - Direct Deposit vs. Check by Mail
Compare Direct Bank Deposit with Check by Mail
Compare Tax Refund Dates (Bank Deposit versus Check)