4 Good Reasons to Direct Deposit Your Refund



If you are getting a refund this year, here are four good reasons to choose direct deposit:

  1. Convenience. With direct deposit, your refund goes directly into your bank account. There's no need to make a trip to the bank to deposit a check.
  2. Security. Since your refund goes directly into your account, there's no risk of your refund check being stolen or lost in the mail.
  3. Ease. Choosing direct deposit is easy. You just need to provide us your bank account and routing number and we'll take care of it.
  4. Options. You can split your refund among up to three financial accounts. Checking, savings, and certain retirement, health and education accounts may qualify.

You can have your refund deposited into accounts that are in your own name, your spouse's name, or both, but not to accounts owned by others. Some banks require both spouses' names on the account to deposit a tax refund from a joint return. Check with your bank for its direct deposit requirements.

This publication is distributed with the understanding that the author, publisher and distributor are not rendering legal, accounting or other professional advice or opinions on specific facts or matters, and, accordingly, assume no liability whatsoever in connection with its use. The information contained in this newsletter was not intended or written to be used and cannot be used for the purpose of (1) avoiding tax-related penalties prescribed by the Internal Revenue Code or (2) promoting or marketing any tax-related matter addressed herein. © 2015