Cycle 05 Transcript Updated - SBTPG Funded With DDD 2/26 - Trace Number Finally Received

I experienced almost the exact same timeline last month with cycle 05. My transcript updated on a Friday, SBTPG funded that same evening, and I received my deposit with Chime exactly 3 business days later. The technical explanation is that the 05 cycle code represents batch processing that typically occurs Thursday night/Friday morning, which aligns perfectly with your timeline. The SBTPG "funded" status specifically indicates they've received the funds from the IRS and are preparing to distribute after subtracting their authorized fees.

Not to be that person, but SBTPG "funded" status doesn't always mean immediate transfer. Sometimes they hold it for 1-2 business days for "verification" which is just banker-speak for "we want to float your money a bit longer." 😏 Your DDD is 2/26 which is Monday, so with Chime's early deposit feature you might see it Sunday night or Monday morning. But don't count on it before then.

I waited exactly 43 minutes on hold with the IRS last week trying to get info about my cycle 05 transcript! Had no idea it would be this complicated. Finally used Claimyr (https://youtu.be/_kiP6q8DX5c) and got through in exactly 17 minutes. The agent confirmed that my 05 cycle meant a Monday deposit date just like yours. They saved me from spending 3+ hours on hold trying to get through the normal way. I was shocked at how many verification questions they asked me though!

I believe you should prepare for your funds to arrive by Monday, but possibly as early as Saturday. The trace number you received is quite significant as it indicates the ACH transfer has been initiated. However, I would caution that weekend processing can sometimes delay things by a few hours. If you need to make time-sensitive medical payments, you may want to contact your provider to inform them of the pending deposit date, as many medical offices can note your account for expected payment.

I've been tracking refund patterns for the past few tax seasons, and here's what I've observed with cycle 05 transcripts: • Friday transcript updates typically indicate processing completed Thursday night • SBTPG "funded" status means they received the money from IRS • Trace numbers are assigned when the money is being prepared for final transfer • Chime typically posts 1-2 days earlier than traditional banks I started using https://taxr.ai to decode my transcript codes this year and it was incredibly helpful. The site explained exactly what each code meant and gave me a precise timeline based on my specific cycle pattern. Might be worth checking if you're dealing with medical appointments and need precise timing information.

I'm a little confused about the SBTPG part. So they basically hold your refund temporarily, take out the tax prep fees you owe, and then send the rest to your bank account? Is that right? I'm trying to understand if there's any way to perhaps avoid this middle step next year, as it seems to add some delay to the process.

For those who have been through this before: Does having the trace number guarantee the money will arrive on the DDD? Here's what I understand so far: Step 1: IRS approves refund (shown on transcript) Step 2: IRS sends money to SBTPG (the "funded" status) Step 3: SBTPG issues trace number Step 4: Money arrives at Chime Is there anything else that could delay it at this point?