What bank does the irs use for direct deposit

For security reasons, we cannot modify the routing number, account number, or the type of account from what was entered when you filed your return. If the account is closed, the bank will reject the refund. Once we receive the refund back from the bank, the Comptroller's Office will issue a paper check and mail it to you.

Keep in mind:

A Refund Transfer (RT) allows customers to pay their tax preparation related fees and other amounts with their refund. The Refund Transfer Fee will be charged upon receipt of the first funding, regardless of whether it is a federal or state refund. A Subsequent Funding Fee will apply for each additional funding we receive, regardless of whether it is a federal or state refund. 

How long does it take?

Timing depends on when the IRS or State releases the refund to Republic Bank. The IRS typically processes e-filed tax returns in less than 21 days unless it needs further review. See irs.gov for the latest timing estimates.

Clients need money in a hurry? Check out our Easy Advance!

*Important: The IRS will not start releasing refunds for taxpayers that have the Earned Income Tax Credit and/or Additional Child Tax Credit until February 15, 2023 due to The PATH Act.

Convenience

Customers want their taxes prepared professionally by you without having to pay anything up front.

Speed

An RT allows customers without bank accounts access to their funds quickly. Taxpayers won't have to wait on a paper check to be mailed from the IRS. Bank checks printed in your office can be picked up the same day you print.

We also offer Netspend® Visa® Prepaid Cards for those without a traditional banking relationship.

Security

Many taxpayers, even those with bank accounts, prefer to pick up a bank issued check from the safety of their tax office rather than receiving an IRS issued check in the mail or a direct deposit.

Editor’s Note: For those seeking IRS direct deposit information regarding stimulus payments, please visit our stimulus check direct deposit page.

Getting a tax refund is welcome news for any taxpayer. If you’re expecting money back, you might consider having it electronically deposited into your account. An IRS direct deposit is a convenient way to receive your refund quickly and securely.

IRS direct deposit is a popular option for many U.S. taxpayers. In fact, according to information from the IRS, eight out of 10 taxpayers choose this method to receive their refund.

Tax refund direct deposit — The benefits

Choosing to have your refund electronically transferred has many benefits over receiving your money as a check in the mail.

• One of the clearest advantages of direct deposit is that you can receive your money faster than you would if you were to wait for your check to arrive in the mail.
• Another benefit is that choosing a tax refund direct deposit allows you to receive your money safely and securely. With concerns of identity theft and fraud on the rise, IRS direct deposit means you don’t have to worry about mail theft, which could put your check and your personal information at risk.
• Direct deposit can also help you manage your finances and save for the future. Because the IRS lets you split your refund across two or three accounts, you can take one step out of the process of investing. For example, you could have a portion of your refund put into your checking account for everyday expenses and the other portions put into a savings account or a retirement account, such an IRA.

How to set up direct deposit with the IRS

If you’re using H&R Block tax software or you opt file taxes online with us, simply choose direct deposit as your return method. You’ll need to provide your bank or financial intuition’s routing number and your account number.  These numbers can be found at the bottom of your check or deposit slip. The routing number is the first series of numbers listed and is nine-digits in length. The next set of numbers is your account number.

Keep in mind that you will not be able to change this information once you’ve submitted your tax return. That said, you should double check the routing and account number to avoid any errors. Additionally, it’s important to know that you can only have your tax refund deposited into an account in your name —direct deposit into someone else’s account is not allowed

Get expert help with your tax return

You can rely on H&R Block’s expertise whether you file in an office or with one of our easy-to-use online filing products.

Make an Appointment to speak with a Tax Pro or review our options to file your taxes online.

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