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I'm in almost the exact same boat! Got my DDD of 2/24 this morning too but using Chime instead of CashApp. Has anyone received their deposit yet who had the same date? Is the TurboTax 5-day early thing working this year? What about previous years - did it actually come 5 days early? I'm so confused about how this all works.
I think it depends on when the IRS actually sends the payment file... They might say 2/24, but sometimes they send the file earlier. The banks then process it when they receive it, which could be before the official date. But I wouldn't count on any specific timeline.
Has anyone had issues with their CashApp account getting limited after receiving their tax refund? I'm worried about potential flags for large deposits.
I got my refund through CashApp last year with a similar setup! Had a DDD of 3/1 and it hit my account on 2/27 - so only 2 days early. The whole "5 days early" thing feels like tax season clickbait sometimes š. This year I'm using TurboTax again but with a credit union account instead. The nice thing about CashApp was the instant notification - got a ping at 3am when it landed! Made me jump out of bed to check if it was real lol. Just make sure your CashApp is fully verified with all the identity stuff or you might hit deposit limits.
Be careful with this situation. Last year I filed on January 25th and had the same "no transcript available" issue. I ignored it thinking it would resolve itself. By March 15th, still nothing. When I finally got through to the IRS on April 10th (two days before the deadline!), they told me my return had been rejected due to an ID verification issue, but the rejection notice went to my preparer who never told me! I had to rush to refile and nearly missed the deadline. Check with your tax preparer to make sure they received confirmation of acceptance, not just submission.
Wow, that's concerning. Did you have to do anything special when you refiled? Did they make you verify your identity again? I'm experiencing something similar right now and worried I might be in the same boat.
This happens when the preparer doesn't set up their software to forward IRS notices to you. Always get the acceptance confirmation number from your preparer. Not just the submission confirmation. They're different things. The acceptance means IRS took it. Submission just means it was sent.
I got my refund on GoBank last month. Had similar concerns. Called their support. Got confirmation on limits. Set up transfers immediately. Moved $2500 daily. Took four days total. No fees charged. Used their app. Process was smooth. Just needed patience. Worth the extra steps. Got all my money eventually. No regrets.
The exact GoBank daily transfer limit is $3,000 for external accounts. Their monthly limit is $10,000. Chime accepts transfers up to $25,000 per day from external accounts, contrary to what you heard. The $10,000 Chime limit applies specifically to direct deposits from certain sources, not transfers. You can verify this by calling Chime at 844-244-6363. I recommend transferring exactly $3,000 on day one, then $3,000 on day two, and the remaining $2,000 on day three. This stays within GoBank's limits while moving your full refund within 72 hours.
Idk if this FedNow thing is legit tbh. Been waiting 9 days since my WMR updated w/ the "5 days early" msg. Nothing yet!! Called my bank 2x and they don't see ANY pending deposits. Cross River isn't even responding to emails. Seems like just another way to get our hopes up for nothing. Anyone ACTUALLY received $ through this system yet this yr?? Need this $ ASAP for car repairs!!
Not to be that person, but FedNow is actually legitimate - it's the Federal Reserve's new instant payment infrastructure. š The "5 days early" message is more of an estimate based on when your tax preparer expects the IRS to release funds. The IRS batch processes refunds on specific days of the week, typically Wednesdays and Fridays. If your release date falls after a processing batch, you might wait until the next cycle.
Has anyone tried calling the IRS directly about this? I'm getting the same message and I'm starting to worry there might be an issue with my return that's causing the delay. Would they tell you if there was a problem or just keep showing the "5 days early" message?
Isn't it interesting how the IRS can tell us we'll get our money "5 days early" but then can't actually deliver on that promise? Why even give us that notification if they can't control when the funds are actually released? I've been through this rodeo before, and honestly, the Cross River Bank/FedNow system does work - but only after the IRS actually releases the funds. The real issue isn't with Cross River or FedNow, it's with the IRS processing times. Have you checked your tax transcript to see if there are any codes that might explain the delay?
Drew Hathaway
I had the exact same issue three weeks ago! According to the IRS operations dashboard (https://www.irs.gov/newsroom/irs-operations), they're currently processing a higher volume of returns than usual. My 570 code changed to 571 after 18 days, then 846 appeared the next day. My direct deposit hit my account exactly 5 days after the 846 code appeared. Just hang tight - the system is slow but it works!
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Laila Prince
If you're still seeing the 570 code after 21 days, try checking your return for these common issues: 1. First, verify your income documents match what employers reported 2. Next, check if you claimed any credits that might need verification 3. Then review if you have any past-due debts that could trigger an offset 4. Finally, consider if you have any identity verification requirements If none of these apply, you might want to request a tax account transcript rather than just a return transcript - it shows different information that might explain the hold.
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