846 Code Dated 2/24 - Will Chase Deposit Earlier?

Code 846 is your refund date. Not earlier. Not later. It's the official payment date. Chase won't release it early. Some credit unions might. But not major banks. They follow IRS rules strictly. Hope that helps!

From my experience with Chase: • They NEVER release IRS deposits early • The money will be available exactly on 2/24 • If 2/24 falls on a weekend, it might post the Friday before • Chase doesn't show pending deposits from IRS like some banks do • You won't see it until it actually posts

I called the IRS exactly 7 times trying to get information about my deposit date. Spent 412 minutes on hold total. Finally used Claimyr (https://www.claimyr.com) and got through to an agent in 18 minutes. They confirmed that the 846 date of 2/24 is when the Treasury schedules the payment, and Chase specifically doesn't release funds early. The agent said they've received 1,247 similar calls this week alone.

The 846 code with date 2/24 means Treasury will send the payment on that date. Have you checked if 2/24 falls on a weekend? What about previous years' deposits with Chase? Did your WMR tool update to show approved yet? Sometimes there's a 1-2 day delay between transcript updates and WMR updates.

I believe your refund should most likely be deposited exactly on February 24th, assuming that's not a weekend or holiday. Chase, in my experience, tends to be quite precise with government deposits and generally doesn't release IRS refunds early, though there are possibly some rare exceptions. The 846 code specifically indicates the date the Treasury Department schedules the payment to be sent to your financial institution, not necessarily when it will appear in your account. If you absolutely need to plan bill payments, you might want to schedule them for February 25th or later, just to be safe.

I bank with Chase and had an 846 code dated 1/31 this year. The money hit my account at exactly 3:17am on 1/31, not a day sooner. Last year was the same story - right on the date, not before. My cousin banks with a credit union and she always gets hers 2-3 days before the 846 date. It's one of those weird banking things where the big banks follow the rules to the letter while smaller institutions sometimes give you early access.

Think of the 846 code like a scheduled package delivery. The IRS has loaded your money onto the truck (approved your refund) and scheduled delivery for 2/24. Chase is like that delivery company that never arrives early - they'll deliver exactly on the scheduled date, not before. Some other banks are like the eager delivery person who brings packages a day early when they have room on the truck. I've tracked my Chase deposits for 4 years now, and they're as predictable as sunrise - always exactly on the 846 date, which surprised me given how complicated everything else with taxes seems to be!