Can my refund be directly deposited to my bank account
Quick Answer
Yes, MyFreeTaxReturn.com supports direct deposit of your tax refund to your bank account at no extra charge. You will need your routing number, bank account number, and account type (checking or savings) to set it up. Direct deposit is the fastest way to receive your IRS refund.
Yes, MyFreeTaxReturn.com allows you to receive your refund directly to your bank account. If you would like to set up Direct Deposit as your disbursement method, please review:
The IRS and government agencies allow the taxpayer to request that their personal income tax refunds be directly deposited into their bank account at no additional charge. The IRS states that the Direct Deposit option is the fastest way to receiving refunds from the IRS.
You will need the following information to complete a Direct Deposit refund request:
Routing Transit Number - the first two digits of the routing number must be 01 through 12 or 21 through 32. Do not use a deposit slip to verify the number because it may contain internal routing numbers that are not part of the actual routing number.
Bank Account Number - the account number can be up to 17 digits. Omit hyphens, spaces, and special symbols. Enter the number from left to right and leave any unused boxes blank.
Type of Account - checking or savings account
This information can be obtained from official financial institutions records, account cards, checks or share drafts that contain the taxpayer’s name and address. It is recommended that you check with your financial institution to confirm this information.
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How to set up direct deposit for my refund
If you are due a refund, you can choose to receive your refund via Direct Deposit on the Federal Tax Balance Settlement Page page for your federal return. For the state specific you can choose to receive your refund via Direct Deposit / ACH Debit on the Selection Page.
How to update my direct deposit information
If you are looking to update your Direct Deposit information, you can do so from the Return Summary page. To update your direct deposit information: You must save the Federal Settlement Page or State Debit Selection Page in order to reach the Direct Deposit Information Page.
How do I change/update my banking information
There are different ways to change or update your banking information depending on the type of transaction you are trying to complete. You can only update your banking information if your return has not been filed or if it was rejected and needs to be resubmitted.