What Happens If I Enter the Wrong Bank Account for Direct Deposit?
Entering the wrong account information doesn’t mean your refund goes to a stranger. If you’ve entered the wrong bank account number when filing out your tax return for direct deposit, your money isn’t lost forever. The IRS does a validation check to ensure the name on the account matches the name on the tax return.
Can a direct deposit be made to an account not in Your Name?
You can’t request a direct deposit to an account not in your name, so if the Social Security Number and last name of the account holder doesn’t match IRS records, the bank should reject the transaction. When that happens, the IRS will send your refund check to the address on the return.
What happens if I receive a refund through direct deposit?
If you e-filed and chose to receive your refund via direct deposit, but have since realized you entered an incorrect bank routing number or account number, or the bank account has been closed, here’s what will happen: If the return is rejected, you can correct the information and then resubmit your return.
