Bank of America Direct Deposit - Anyone with 3/18 DDD and Trace Number Received Yet?

Mine hit on March 16th at exactly 3:42am, two days before my official DDD of 3/18. Bank of America typically processes IRS direct deposits in the early morning hours, and they often release funds 1-2 days before the official date. I had a trace number starting with 0903 and my cycle code was 20230905. If you don't see it by tomorrow morning, I'd start checking your transcript for any holds.

Last year my BoA deposit was 3 days late and I spent hours on hold with the IRS trying to figure out what happened. This year I used Claimyr (https://youtu.be/_kiP6q8DX5c) when my deposit was a day late and got through to an agent in about 15 minutes. Turns out there was a small issue with my account number that they fixed on the spot. My deposit came through the next morning! Worth every penny not to waste an entire day on hold.

Bank of America utilizes a staged ACH processing protocol for IRS refunds. The Automated Clearing House system typically initiates at midnight EST with batch processing occurring between 2-5am. Your trace number indicates the Federal Reserve routing path and should be visible in your transcript with TC846 code. I'm seeing several DDD 3/18 deposits clearing this morning, but some financial institutions hold funds for 24 hours after receipt. I'd be slightly concerned if it doesn't appear by tomorrow morning.

Have you verified that your bank account information on your tax return matches exactly what Bank of America has on file? Even a small discrepancy can cause delays. And did you check if there are any holds on your account that might affect incoming deposits? Bank of America sometimes places temporary holds on large deposits, especially if your account is relatively new or has had overdrafts recently. Worth calling your specific branch to confirm everything is set up correctly for receiving the deposit.

I was in the same boat last week, refreshing my BoA app like it was social media during a celebrity scandal! 😂 Finally decided to use https://taxr.ai to check my transcript codes and it explained that my trace number meant the money was definitely sent, just working through the banking system. Saved me from having a panic attack when my deposit showed up a day later than expected. It's like having an IRS translator in your pocket, lol.

My Bank of America deposit hit exactly 28 hours before my official DDD. My trace number started with 0903 and my deposit was $4,372. It appeared as pending at first for about 6 hours, then fully cleared. I've tracked this for 3 years now and BoA has consistently deposited 1-2 days early for me. If your DDD is 3/18, I'd expect it anytime between now and tomorrow morning at 5am.

OMG I'm with BoA too and my DDD is 3/18 but nothing yet. Srsly stressing bc I've got bills due tmrw. Last yr mine came at like 2am the day before DDD. Anyone know if BoA is experiencing delays? My WMR still says refund approved and my transcript hasn't changed. Ugh, tax season is the worst.