Getting your Refund by Direct Deposit

Posted by James Hutchinson Mar 17, 2009

When filing your income taxes, the United States Internal Revenue Service and most states allow you to receive a refund either by check or direct deposit directly into a savings or checking account.

It almost always makes more sense to get direct deposit.

• There is no chance the check will get lost in the mail.
• Direct deposits are much faster, usually a week versus a month.

With direct deposit, there is a chance of error if the bank information is loaded or transferred incorrectly. In this electronic age, a computer error is less likely than a mix-up by a human somewhere between the IRS and your mailbox