Blog | WM. F. Horne & Company, PLLC


Using Direct Deposit is a Smarter Option for your Refund

Want your refund faster? Have it deposited directly into your bank account. More taxpayers are choosing direct deposit as the way to receive their federal tax refunds. More than 79 million people had their tax refunds deposited directly into their bank accounts in 2011. It’s a secure and convenient way to get your money in your pocket faster.

  • Speed—When combining e-file with direct deposit, the IRS will likely issue your refund in as few as 10 days.
  • Security—Direct deposit offers the most secure method of obtaining your refund. There is no check to lose. Each year, the U.S. Post Office returns thousands of refund checks to the IRS as undeliverable mail.
  • Direct deposit eliminates undeliverable mail and is also the best way to guard against having a tax refund check stolen.
  • Convenience—There’s no special trip to the bank to deposit a check!
  • Options—You can deposit your refund into multiple accounts. With the split refund option, taxpayers can divide their refunds among as many as three checking or savings accounts at up to three different U.S. financial institutions.
  • Fund Your IRA—You can even direct a refund into your IRAS account.

To set up a direct deposit, you will need to provide the bank routing number (9 digits) and your account number for each account into which you wish to make a deposit. Please have them available at your appointment.

If you have questions, please give our office a call.

  • 8 Mar, 2012
  • webmaster

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