Paper tax refund checks are soon to be a thing of the past.
The IRS says that the change is designed to help protect taxpayers as paper checks are more than 16 times likely to be lost, stolen, altered, or delayed than electronic payments. Additionally, the IRS says that the change will give taxpayers faster access to their refunds and cut costs.
Did you know… electronic payments are issued within 21 days when a return is filed electronically and there are no issues with the return?
So, how do you get your direct deposit sent to your financial institution (Avadian, of course)? We’re so glad you asked.
It’s easy. When you file your return, you’ll simply provide your financial institution’s routing number and your account number. This can be done whether you are filing electronically or by paper.
Want to put your direct deposit in a checking account but don’t have one?
Compare our Choice, ChoicePlus+, and JumpStart checking accounts today to see which one is right for you.
Choice and JumpStart checking accounts require a minimum opening deposit of $25. ChoicePlus+ Checking requires a minimum opening deposit of $2,500.
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Additional insurance of up to $250,000 on your savings accounts is provided by Excess Share Insurance Corporation, a licensed insurance company.
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