Anonymous
Anonymous asked in Business & FinanceTaxesUnited States · 1 decade ago

what day does the IRS do direct deposits?

5 Answers

Relevance
  • 1 decade ago
    Favorite Answer

    The ACH transactions for tax refunds are released on Thursday evenings. How long it takes to make it to your account depends upon your bank.

    If your bank processes them in real time around the clock it will usually be in your account sometime on Friday, often at the beginning of the banking day.

    If your bank batchprocesses at end-of-day (many still do) then it will be processed by your bank on Friday evening and will be in your account on Monday morning. If Monday falls on a holiday it will be Tuesday before you see your money.

    A few small community banks and credit unions are not on the Fedline system and/or process ACH transactions manually. In that case it often takes an additional 2 to 4 days or more for your refund to post to your account.

    Source(s): I work in the banking industry.
    • Login to reply the answers
  • 1 decade ago

    Fridays!

    • Login to reply the answers
  • Judy
    Lv 7
    1 decade ago

    The published schedule says they are sent on Fridays.

    • Login to reply the answers
  • Anonymous
    1 decade ago

    anywhere from 2 days to 2 weeks. check with your tax preparer

    • Login to reply the answers
  • How do you think about the answers? You can sign in to vote the answer.
  • 1 decade ago

    they guarantee them to the banks (for Rals and RACs) on Wed and Deposit them on Fridays

    • Login to reply the answers
Still have questions? Get your answers by asking now.