Tax Day is only a month away, but the IRS is already sending out tax refunds to millions of Americans. If you haven’t filed yet, but you’re anxious to get your money back, you should consider electing for direct deposit.
Direct deposit can mean you get your refund 3-5 weeks faster.
That’s right. When you choose direct deposit, you can expect to get your refund directly into your bank account within about 3 weeks. But if you want a check in the mail, it can take 6 to 8 weeks to get your money, according to the IRS.
Plus, it”s more secure!
Many taxpayers elect for a paper check because they are worried about keeping their personal information safe and secure. But you shouldn’t. In fact, by choosing direct deposit, you eliminate the risk of your check getting lost or stolen.