Here’s how to do it:
- Open your TurboTax account and navigate to the "File" menu.
- Select "Revisit" next to "Step 2 Your refund/payment info".
- Choose "Direct deposit" from the options.
- Click "Continue" to save and move forward.
Here’s how to do it:
Updating your direct deposit information ensures your tax refund lands in the right account, but it also protects you from costly delays if your bank details have changed. When you switch banks, close accounts, or even change account types, your refund could bounce back to the IRS, turning a quick electronic transfer into a paper check that takes weeks to arrive. This becomes especially valuable during peak tax season when processing delays are already common, and getting your money fast can make a real difference.