- 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 updated routing number and account number.
- Confirm your routing and account number to save and move forward.
How to Update Bank Information in TurboTax
Use this interactive demo to learn how to update your bank information in TurboTax.
📌 Why this matters
Updating your bank information ensures your tax refund reaches the right account and prevents costly delays or returned payments. Beyond the obvious convenience, this becomes crucial when you've switched banks, closed old accounts, or experienced identity theft. Having current banking details also streamlines future tax seasons since TurboTax remembers your information, eliminating the need to re-enter it annually. Most importantly, outdated bank information can trigger IRS processing delays that push your refund weeks or even months later than expected.
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