When does the I.R.S. Release refunds?

I heard t the IRS only releases refunds on friday's is this true?

5 Answers

  • 1 decade ago
    Favorite Answer

    The ACH transmissions start Thursday evenings, usually between 6:00 and 8:00 PM. It takes several hours for all of them to transmit. Most of them are received by the banks by the beginning of the banking day on Friday. How long that it takes to post to your account depends upon your bank's posting procedures.

    Source(s): Used to work in the banking industry.
  • 1 decade ago

    Yes, Fed does dd only on Fridays

    Source(s): IRS
  • 1 decade ago

    Yes that is very true. Only on Fridays!

  • 1 decade ago

    All the above know what they are talking about. After reading this, I checked my account tonight (Friday night) and sure enough my refund was there! Thanks All!

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  • 1 decade ago

    Not true. My son received his on the 5th that was Thursday and mine is scheduled for the 10th.

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