- On your TurboTax home, select "File" from the left menu.
- Find "Step 2: Your tax payment info" and choose "Continue".
- Choose "Direct debit from my bank account".
- Click "Continue" to proceed.
- Enter your new bank name in the text field provided.
- Enter your new routing number and account number.
- Confirm your routing and account number to save and move forward.
How to Change Bank Information in TurboTax
Follow this interactive demo to learn how to change your bank information in TurboTax.
📌 Why this matters
Updating your bank information ensures your tax refund reaches the right account and prevents costly payment failures if you owe taxes. Beyond the obvious convenience, this becomes critical when banks merge, you close old accounts, or switch to high-yield savings accounts for better returns on your refund. Many people forget they've linked an old checking account from previous years, only discovering the issue when their refund bounces back, delaying the money by weeks and potentially triggering additional paperwork with the IRS.
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