Thursday, December 15, 2011

Wrong Info Tax Refund Direct Deposit?

I just realized that my account number is off by a single digit for my tax refund direct deposit. It is scheduled to be deposited this Fri 2/1. Is it possible to call them and just ask for a paper check instead?|||If the number you entered is a valid account number you have just given them a gift of your refund. The IRS will not help once the money is in the wrong account. You may be able to catch it by calling them ASAP. If the account number is an invalid account you will get a paper check at the address on the return but it will take a couple of months. The bank may be able to tell you if the number you entered is a valid number or not. It is unlikely they would tell you who's account it is.|||You can call IRS and tell them your situation. You can still have the check deposited into your account, but it may take 2-7 days, which is shorter than you asking for a paper check. I went through the same thing last year and it took about a week for them to deposit my money. DON'T call your bank because the bank doesn't have anything to do with your tax return, they deal with your money. So please call IRS.|||Call your bank asap. Tell them about the error. It is possible that no one else has that account number. The bank can tell you. Good luck.|||Yes,if the IRS got the wrong or missing number,they will hold your money unless you call them ASAP and let them know what you wnat to do|||No, you can't just call them about it. When the bank doesn't accept the direct deposit they'll automatically send you a paper check, but it will probably be a couple weeks.|||Yep, that's one I definitely would pick up the phone for.





BTW, the chance of another account at your bank being different by one digit is very low. Banks assign account numbers with a deliberate skipping system so that even consecutively opened accounts will be different by a figure of 13 or 9... So if the refund got as far as the direct deposit stage, most likely the refund would bounce back to the IRS.





But I think phoning tonight or tomorrow is a good idea. :D

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