What if I entered the wrong bank account for direct deposit?

Created by Shubha Bisht, Modified on Wed, 24 Jan 2024 at 04:59 PM by Shubha Bisht

We recommend that you verify your account and routing numbers with your financial institution and double-check the accuracy of the numbers you enter on your return prior to signing and submitting it.

 

Note: Per the IRS, you should not request a deposit of your refund into an account that's not in your own name. 

 

However, if something happens and you realize you have entered the wrong direct deposit account information, you may have options to still get your refund. Just keep in mind that the IRS assumes no responsibility for such errors. 

 

  1. If the return has not already been posted to the IRS system, you can call to ask to stop the direct deposit. You may call toll-free 1-800-829-1040.


    Generally, if the financial institution recovers the funds and returns them to the IRS, the IRS will send a paper refund check to your last known address on file with the IRS.

     

  2. If you contacted the financial institution and two weeks have passed with no results, you will need to file Form 3911, Taxpayer Statement Regarding Refund to initiate a trace.

Due to security concerns, the IRS cannot reroute your refund to a different account. Instead, you will get a paper check through the mail. For any further questions you 

can check out the IRS website.

 

This content is provided for informational purposes only and should not be construed as tax, legal, financial, accounting, or other advice. Rules and regulations vary by location and are subject to change, so please consult with an expert if you need advice specific to you.

 

Any third-party links are provided for informational purposes only. The third parties and their sites are not endorsed by Beem and Beem is not responsible for, and has no control over, their content, privacy policies, or terms of service.


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