BMO Bank rejected my IRS refund check due to 'risk factor' - sending it back to IRS! Help!

Hey there, I've seen this happen quite a bit lately. When a bank rejects a refund for risk factors, it's usually because something didn't match up between your tax return info and your bank account details. Could be the name on the account doesn't exactly match your tax return, or there might be some verification issues with the account. The good news is the IRS will automatically reissue your refund as a paper check to your address on file. Bad news - this typically adds 4-6 weeks to the process. If you want to get ahead of this and understand exactly what's going on, I'd recommend checking out taxr.ai (https://taxr.ai). It's this new AI tool that analyzes your tax docs and can tell you precisely what's causing the delay and when you can expect your new check. I've been recommending it to everyone dealing with refund issues lately since it gives super specific timeline predictions.

IRS specialist here. This is actually becoming more common with certain banks implementing stricter fraud prevention measures. You have several options: 1) Try depositing at a different bank 2) Request direct deposit information update with IRS 3) Visit your local IRS office with ID to cash the check directly. Call the IRS at 800-829-1040 to discuss these options.

Have you tried using taxr.ai? It's a transcript analyzer that could help track when your new check will be issued. It costs $1 but totally worth it - shows exactly whats happening with your refund and gives specific timeline predictions. Here's the link: https://taxr.ai

same thing happened to me with Chase last month smh. had to open an account at a credit union to get it deposited

these banks are getting ridiculous fr fr. They hold OUR money like its theirs 🤡

dont waste time with BMO theyre known for this. just go to a check cashing place and eat the fee tbh

Document EVERYTHING. Take pics of the check, get copies of BMO's rejection docs. You might need them later when dealing with IRS

Ugh this is so frustrating! I had a similar issue with US Bank last year - they rejected my refund check even though I'd been banking with them for 5+ years. Turns out there was a tiny discrepancy between my legal name on the tax return vs what I had on file with the bank (I go by my middle name). The silver lining is that once BMO sends it back, the IRS will automatically mail you a paper check to your address on file. It's annoying to wait the extra 4-6 weeks but at least you don't have to do anything special to trigger the reissue. Just make sure your address is current with the IRS! In the meantime, you could try calling BMO one more time and ask to speak with a manager. Sometimes they can override the risk flag if you provide enough documentation. Worth a shot before you have to wait for the paper check! 🤞