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Wealth Wisdom Blog

5 Reasons For Direct Deposit- #1 is Faster Refund!

February 4, 2010 | Subscribe to our RSS Feed

If you want to get your refund as quickly as possible, have the IRS deposit your refund directly into your bank account. By choosing Direct Deposit, you can get your refund much sooner than if you chose to have a paper check mailed to you.

A couple more benefits:

1.     Security Thousands of paper checks are returned to the IRS by the U.S. Post Office every year as undeliverable mail. Direct Deposit eliminates the possibility you won’t receive your check and prevents your refund from being stolen.

2.     Convenience The money goes directly into your bank account.

3.     Ease When you’re preparing your return, simply follow the instructions on your return.

4.     Options You can also deposit your refund into multiple accounts. With the split refund option, taxpayers can divide their refunds among as many as three checking or savings accounts and up to three different U.S. financial institutions.

Submitted by Sam Cohen

Questions:

sam.cohen@glassjacobson.com

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