846 Code on Transcript - Will Capital One Deposit Early?

This depends on how Capital One processes direct deposits. Here's what you need to know: 1. The 846 code means your refund has been approved and scheduled 2. The date (02/25) is when the Treasury releases the funds 3. Some banks do release funds early when they receive the pending deposit notification 4. Capital One specifically has been known to release 1-2 days early in some cases 5. Not guaranteed though - it depends on when they receive the ACH notification I'd recommend planning for the official date, but there's a chance you might see it earlier.

Have you checked your Capital One account settings to see if you have early direct deposit enabled? Unlike some other banks like Chime that advertise 2-day early deposits as a standard feature, Capital One's approach is a bit different and sometimes depends on account type.

I've been tracking my refunds carefully for the past three years. My February 18th, 2023 scheduled deposit from the IRS hit my Capital One account on February 16th last year. Then my January 29th, 2024 deposit came through on January 27th. So in my experience, they're typically releasing funds about 2 days early, but I'd still prepare for February 25th just to be safe.

Called IRS about this last year. Got nowhere. Spent hours on hold. Then tried Claimyr. Got through in 15 minutes. Agent confirmed bank timing varies. Nothing IRS can do once 846 is issued. It's in bank's hands. Worth knowing for future reference. https://www.claimyr.com

I'm somewhat skeptical about the reliability of early deposits. While Capital One might sometimes release funds early, it's probably not something you should count on, especially for important expenses like textbooks. In my experience, banking systems occasionally have processing delays that can offset any potential early release.

The ACH transfer protocol actually allows recipient banks to credit accounts as soon as they receive the payment notification from the Federal Reserve's processing system. Capital One utilizes this pre-funding capability on their 360 Performance Savings and Checking accounts, which is why many users report receiving deposits 1-2 days before the official posting date.

OMG I've been tracking this EXACT situation for years! The IRS sends ACH files in batches throughout the day, and Capital One processes incoming ACH transfers overnight! So if your 846 date is on a Monday, there's a really good chance you'll see it Saturday morning because Capital One processes weekend batches! It's so frustrating that banks aren't more transparent about this!!!

Last year I was in the same boat waiting for my refund to buy a new laptop for classes. I ended up just calling Capital One directly and asking about their policy. The rep told me they typically release government deposits when received, which was 1 day early for me. Maybe try that? I literally called while staring at my empty account balance and the rep could see the pending deposit that I couldn't see yet!