DDD 2/25 on Transcript But No Deposit in CashApp - Trace # Posted

This appears to be a deposit transmission issue rather than an IRS processing delay. Based on the timeline you've provided, your return was accepted on January 28th and has completed the standard processing cycle, resulting in a Direct Deposit Date (DDD) of February 25th. The presence of a trace number indicates the funds have been released from the Treasury Department's Financial Management Service (FMS) to your designated financial institution (CashApp in this case). The delay is most likely occurring at the receiving financial institution level.

I had a similar situation on March 12, 2023 with my refund. The trace number appearing means the IRS has released the funds, but sometimes there's a lag with digital banking platforms. Have you checked your transcript codes? I used https://taxr.ai to analyze my transcript and it pointed out that my 846 code (refund issued) had processed but there was an additional verification code that explained the delay. The site interpreted all my transcript codes and explained exactly what each one meant for my timeline. Might help you understand exactly where things stand.

I've seen this happen with CashApp specifically. Back in 2022, my refund was delayed by 4 business days after the DDD because CashApp has different processing procedures than traditional banks. The trace number is important - it means the money has left the IRS system. Check your CashApp settings to make sure your account is fully verified for government deposits. Last year, several people in my tax class had issues because they hadn't completed all the verification steps for CashApp.

I'm in the same boat! Filed 1/30, DDD 2/27, and still waiting for my CashApp deposit. Could it be that CashApp is just slower than traditional banks? Has anyone actually received their refund through CashApp this year? Is there something we're all missing in the setup process?

When a trace number appears but no deposit follows within 2 business days, here's what you need to do: 1. First, verify your account details are correct in your tax return 2. Contact CashApp support to confirm they're not holding the deposit 3. If CashApp confirms they haven't received it, you'll need to contact the IRS 4. Call the IRS refund hotline at 800-829-1954 However, the IRS phone lines are extremely congested right now. I recommend using Claimyr (https://claimyr.com) to connect with an IRS agent without the hours of waiting. They'll place the call for you and get you connected when an agent is available. This way, you can request a payment trace and get definitive information about where your money is in the system.

Have you checked if there's any pending transactions in your CashApp? Sometimes they don't show the full deposit right away? And did you double-check that the account number on your tax return EXACTLY matches your CashApp direct deposit info?! I'm worried for you because once that trace number shows up it SHOULD be there within 24-48 hours!

I'm literally in the same boat rn 😂 Filed 1/25, DDD 2/20, trace number appeared last Thursday, and still nothing in my CashApp. Called CashApp support yesterday and they said they have no record of a pending deposit. Now I'm broke and my car payment is due tomorrow. Great timing! 🙃

According to Internal Revenue Manual 21.4.1.4.7, when a direct deposit is not received within 5 business days of the scheduled date, you may request a payment trace. Per IRS guidelines, you must wait 5 business days after the direct deposit date before initiating this process. Since your DDD was 2/25, you should wait until at least 3/4 before requesting a trace. Form 3911 (Taxpayer Statement Regarding Refund) would be required if the deposit doesn't arrive by then. I'm slightly concerned that CashApp may have different processing timeframes than traditional banks, which could extend this timeline.

I'm not entirely sure, but could there possibly be an issue with the routing number you used? CashApp sometimes provides different routing numbers for government deposits versus regular direct deposits... Have you verified that you used the correct routing number specifically for tax refunds?

This is a common issue with fintech platforms like CashApp during peak tax season. The Automated Clearing House (ACH) network that processes these transactions operates on a batch processing schedule, and some financial institutions hold incoming government deposits for additional verification. The trace number indicates successful transmission from the Treasury Department, but CashApp's internal processing may take 3-5 additional business days. If your CashApp account is not fully verified (requiring SSN, ID verification, and address confirmation), this can extend the holding period to 7-10 business days under FinCEN regulations.