What bank does TurboTax use for refund?
If you signed up for Pay With My Refund, your refund will be handled through the
Santa Barbara Tax Products Group, LLC (SBTPG) is the bank that handles the Refund Processing Service when you choose to have your TurboTax fees deducted from your refund. This option also has an additional charge from the bank that processes the transaction.
You can find your direct deposit account info on your Tax Return Summary. Sign in to TurboTax. If you're already signed in, select Tax Home from the menu. Scroll down to and open Your tax returns & documents.
by TurboTax• 1374• Updated 6 days ago. If you're receiving a federal refund of $500 or more, you could be eligible for a Refund Advance, a loan provided by First Century Bank, N.A., Member FDIC not affiliated with MVB Bank, Inc. Member FDIC.
You can speak to an expert via phone, chat, or live on-screen through one-way video chat (they can't see you). You can share your TurboTax screen with your expert so they can guide you and answer your questions. Will the tax expert understand my personal tax situation/complexities?
The Turbo® Visa® Debit Card is provided by Green Dot Corporation and is issued by Green Dot Bank pursuant to a license from Visa U.S.A Inc. Green Dot Corporation is a member service provider for Green Dot Bank, Member FDIC.
When you sign up for Pay With My Refund, your refund will be handled through the Santa Barbara Tax Products Group (SBTPG, formerly SBBT). Note that there's a $40 processing fee charged by SBTPG for the transaction.
Your direct deposit allocation will be reported on your Form 1040 on lines 21b, 21c, & 21d. You may review your tax form to verify the account information that was transmitted to the IRS. You may also track your refund using the IRS Where's My Refund tool.
If you entered incorrect banking information for your refund, you can change it if your return is rejected. If it is accepted, however, it is too late to change it. The bank will reject the refund and send it back to the IRS. Then the IRS will issue a paper check and mail it to the address you put on your tax return.
Turbo Tax on the Web
Just use our name (Treasury Department Federal Credit Union), our routing number (2540 7540 9), and your account number.
Is TurboTax accurate on refund date?
TurboTax gives you an estimated date for receiving your refund based on a 21 day average from your date of acceptance, but it can take longer. “21 days” is not a promise from TurboTax or the IRS. Once your federal return has been accepted by the IRS, only the IRS has any control.
You need better credit.
For your tax refund advance to cover the loan, it must be substantial enough after factoring in interest rates, fees, and tax preparation expenses.
If you are approved for a Refund Advance, you'll be notified by email and the Refund Advance loan amount that you qualified for will be deposited into your Credit Karma Money™ checking account.
A combination of coverage including 100% accurate calculations, audit support and a maximum refund. All guaranteed for the full 7-year life of your tax return.
The IRS audits less than 1% of all taxpayers. And with TurboTax you can make sure your risk is as low as it can go.
If you still need help, you can contact us at (800) 446-8848.
Provided by First Century Bank, N.A. Member FDIC, the loan will be equal to a portion of your anticipated refund in one of ten amounts: $250, $500, $750, $1,000, $1,500, $2,000, $2,500, $3,000, $3,500, $4,000.
QuickBooks Checking account opening is subject to identity verification and approval by Green Dot Bank. QuickBooks and Intuit are a technology company, not a bank. Banking services provided by our partner, Green Dot Bank.
- Sign into your account, click take me to my return
- Click the File heading
- Follow the prompts for Step 1. When you get to Step 2, this is where the bank account information will be. Follow the prompts to view/edit your bank account information.
Santa Barbara Tax Products Group, LLC (SBTPG) is the bank that handles the Refund Processing Service when you choose to have your TurboTax fees deducted from your refund.
How long does TurboTax take to give you your refund?
Most refunds will be issued in less than 21 days. You can start checking the status of your refund within 24 hours after you have e-filed your return. Refund information is updated on the IRS website once a day, overnight. Remember, the fastest way to get your refund is to e-file and choose direct deposit.
If a taxpayer receives the status update that their tax return was accepted but not approved, this means that the IRS has received their tax return, but they have not yet evaluated the information. Therefore, the taxpayer must wait to see if more action is required.
For security reasons, the IRS can't reroute your refund to a different account, so you'll get your refund via a paper check. If your return is rejected, you can update your account info along with the issue that caused the rejection.
Speak to your bank
Your bank should act within 2 working days. They should contact the bank that's received the money and ask for the money to be returned.
Your refund should only be deposited directly into a United States bank or United States bank affiliated accounts that are in your own name, your spouse's name or both if it's a joint account. No more than three electronic refunds can be deposited into a single financial account or pre-paid debit card.
