Be careful with SBTPG timelines. As of March 29, 2024, they're experiencing processing delays of 1-3 business days beyond their normal timeframes. Last year on April 2nd, my account showed 'funded' but the money didn't hit my bank until April 5th. Their date estimates aren't always accurate. If you filed with a major tax preparer who took fees from your refund, you're stuck waiting for their processing timeline.

FYI - SBTPG and your bank don't always sync up right away. SBTPG might show funded, but there's def a delay. They batch process ACH transfers, usually overnight. So if it hit 'funded' status today, probs won't hit your actual bank acct until tmrw or next biz day. The date shown is their estimate, not a guarantee. Check both your actual bank AND the SBTPG portal for the most accurate info.

Have you verified if your return includes any credits that might trigger additional review? The Child Tax Credit and Earned Income Credit typically add exactly 7-10 days to processing time. Also, did you receive the full acceptance confirmation or just the initial transmission acceptance? There's a difference between the two that impacts the 21-day timeline by approximately 48-72 hours.

I've been helping folks with tax questions in this community for years, and the 05 cycle is pretty predictable. Last year, my return was accepted on March 10th with an 05 cycle code, and my deposit hit on March 26th. My sister filed on March 12th and got hers on March 29th. This year seems to be running on a similar schedule. The weekly cycles are more reliable than daily cycles in my experience - you can almost set your watch by them unless there's an issue that triggers a manual review.

Just got my 846 code this morning! According to IRM 21.4.1.3(7), the 846 code indicates that the refund has been scheduled. Per the Direct Deposit timeline in Publication 5486, funds should be available within 1-5 business days of the DDD listed on the transcript. For those still waiting, remember that Section 6611(e) of the IRC provides for interest payments on refunds not issued within 45 days of the filing deadline (or the date filed, if later). So even with delays, you may receive interest if it goes beyond that timeframe.

I had this exact issue last year - stuck in cycle 0505 with no updates. After two weeks of checking daily, I finally got my 846 code and received the deposit three days later. This year I was in cycle 0504 and it was much faster - got my deposit within a week of the cycle date. The IRS seems to be processing certain batches faster than others this year, and unfortunately 0505 appears to be one of the slower ones.

Oh my goodness, I'm so happy for you but also worried about my own situation! I had the EXACT same experience last year where my transcript suddenly updated, but then I got a CP05 notice a week later saying they were reviewing my return! The DDD disappeared and I ended up waiting another 60 days! 😭 Just be aware that sometimes the initial transcript update can change if they decide to review your return more closely. I'm still traumatized from last year's experience and check my informed delivery every day dreading another notice!

Pro tip for anyone still waiting: Instead of obsessively checking WMR and transcripts daily (guilty as charged 🙋‍♀️), set up direct deposit alerts with your bank. That way you'll know immediately when the money hits your account, and you can save yourself from the psychological torture of watching that processing bar not move for weeks. My sanity improved dramatically once I stopped checking and just waited for my bank notification. Plus, I've noticed the WMR tool is often days behind the actual deposit anyway. "A watched pot never boils" definitely applies to tax refunds!

In my experience with Chime and tax refunds, they typically deposit 2-3 days before the official DDD. Last year my DDD was a Thursday and I got it on Tuesday afternoon. The year before that was similar timing. It seems to depend on exactly when the IRS releases the funds and how quickly Chime processes them. Have you had any other deposits with Chime before?

The O505 code specifically indicates "Refund issued" in the IRS master file system, which means the transfer to your financial institution has been initiated! When I got this code with Chime last year, my deposit appeared approximately 48 hours later. The IRS uses the Automated Clearing House (ACH) network which typically processes in 1-2 business days, and then Chime's early payday feature often releases funds as soon as they receive the ACH notification rather than waiting for the official settlement date. I'm surprised more banks don't offer this feature!