What time of day does the IRS make direct deposits?
The IRS site says my refund will be deposited on 2/13 (YAY. ) and I have called the bank and asked how long they expect to process it, and they said it will be posted to my account almost immediately. I was wondering if anyone knew around what time they deposited. I've noticed a lot of people are saying when. show more The IRS site says my refund will be deposited on 2/13 (YAY. ) and I have called the bank and asked how long they expect to process it, and they said it will be posted to my account almost immediately. I was wondering if anyone knew around what time they deposited. I've noticed a lot of people are saying when they checked in the morning, the deposit was there. Is this your experience?
Update: The IRS site still states that my DD date will be 2/13: "Your tax refund is scheduled to be direct deposited on February 13, 2009. If your refund is not credited to your account by February 18, 2009, check with your bank to find out if it has been received. Please wait until February 18, 2009 before you. show more The IRS site still states that my DD date will be 2/13:
I have actually spoken with an IRS agent. She said the IRS does not have specific days which they make deposits, it could be literally any day of the week. With that being said, I e-filed using TaxAct on the 16th of January (2009) and was given the 3th of February for my DD date @ "Where's My Refund". When the 3rd came and went, I went to "Where's My Refund" and got the message of processing delays and my new date was by February 24, 2009. So, I'm just going to wait and see. I also bank with Bank of America and asked them questions, they said
they treat EFT/ACH deposits as cash, as soon as the deposit is sent, they credit my account in real time with no delays and that the entire deposit is made available. She said if you don't see the money deposited, it hasn't been sent. Today is Friday, Feb. 13th, 2009 and as of yet there has been no attempt to make a DD by the IRS. You know what I think? I think we are in a much worse situation economically than Politicians want to say to avoid mass panic. However, I will wait and see, though I will not be a bit surprised if I get a message from IRS Where's My Refund that there's been another 2- or 3-week delay. Let's hope and pray we actually get refunds this year, we all are depending on them. I'll keep you posted on my results.
Oh, btw, TaxAct took their fees out of my bank account immediately when I submitted the e-file, so I know that's not the hold up.
Update: Now I get this message with no date.
We have received your tax return and it is being processed. For more information, please continue.
Before You Call:
* If you do not receive your refund within the next 4 weeks, call us at the number shown on this page.
If you have questions or need additional information, please have the following on hand when you call:
* A copy of this page.
* A copy of your tax return.
* The Social Security Number, Filing Status, and refund amount claimed on your return.
* Any notice that you have received concerning your refund.
Please mention reference number 1221 to the IRS Customer Service Representative.
IRS Hours of Service:
Monday through Friday, from 7 a.m. to 10 p.m.
1-800-829-0582, when asked for an extension, enter 462.Source: ph.answers.yahoo.com