Filed 1/28 with EIC & CTC - Venmo DD Arrived Like Clockwork
Filed 1/28 with Taxslayer, claimed EIC & CTC. The IRS machine churned like an old tractor - slow but reliable. My transcripts updated last Saturday then again today with a DDD of 2/23. Used Venmo for direct deposit, which felt like sending money through a carnival ride, but it showed up this morning around 11:30. I'm in Texas where apparently our refunds arrive faster than our summer rain storms. Just posting this timeline for anyone else who's watching their account like a hawk circling prey.
12 comments
Write a comment...
Lorenzo McCormick
Venmo is processing refunds quickly. Several users reported similar timelines. Did you receive any fees? Was the full amount deposited? Venmo sometimes processes faster than traditional banks.
0 coins
Carmella Popescu
I tracked exactly 32 returns this season using various deposit methods. Venmo is averaging 1.7 days faster than traditional banks for federal refunds. The IRS batch processing seems to prioritize certain payment processors in their 846 code distribution sequence. Appreciate the data point from Texas!
0 coins
17d
Kai Santiago
Thanks for confirming this! I've been debating using Venmo next year instead of my credit union. My bank always seems to hold the money for days after the IRS releases it.
0 coins
16d
Write a comment...
Lim Wong
Congrats on getting your refund! For anyone else using Venmo for tax refunds: • Venmo typically processes 1-2 days faster than traditional banks • Ensure your account is fully verified before using for tax refunds • Double-check the account/routing numbers on your return • Consider enabling notifications so you know immediately when it arrives • Remember there are no fees for receiving direct deposits I've used Venmo for 3 years now and it's been consistently faster than when I used Wells Fargo.
0 coins
Dananyl Lear
Let me add a bit more detail to this excellent advice: Step 1: Verify your Venmo account is fully set up with all identity verification complete Step 2: Find your account/routing numbers in Venmo (Settings > Direct Deposit) Step 3: Triple-check these numbers when entering in tax software Step 4: Keep your Venmo app updated during tax season Step 5: If you don't see your deposit by the DDD date + 1 business day, check with Venmo support first, then IRS I've had zero issues following this process!
0 coins
16d
Noah huntAce420
Back in 2022, I had my refund rejected because my Venmo account wasn't fully verified. This year I made sure everything was set up properly, and my refund landed a full day before the DDD date. The verification process takes about 2-3 days if you haven't done it yet.
0 coins
14d
Ana Rusula
According to the IRS.gov direct deposit FAQ section, they technically allow deposits to any account that accepts ACH transfers. Venmo, Cash App, and even some crypto platforms now support this. Just make sure you're using the correct direct deposit info, not the peer-to-peer payment details.
0 coins
12d
Write a comment...
Fidel Carson
Is this your first time using Venmo for tax refunds? I've heard mixed reviews about fintech platforms handling government payments. Some people get their money faster than a teenager spends their allowance, while others end up in verification purgatory. Did you have to do any special setup with your Venmo account?
0 coins
Write a comment...
Isaiah Sanders
OMG trying to get info from the IRS about my refund last yr was IMPOSSIBLE. Spent 3 days trying to get thru - kept getting disconnected after waiting 1+ hr each time. Finally used Claimyr (https://youtu.be/_kiP6q8DX5c) and got connected to an agent in like 15 mins. They explained my refund was delayed bc of a random review. If ur ever stuck in IRS limbo def worth checking out. Saved me so much stress and time!
0 coins
Xan Dae
I'm not sure about these services... How do we know they're secure? The IRS phone system is frustrating but at least it's official. I worry about giving access to a third party when tax info is involved.
0 coins
15d
Write a comment...
Fiona Gallagher
Your timeline matches what we're seeing this tax season. I received my refund on February 21st after filing on January 27th with similar credits. The IRS began processing EIC and CTC returns on February 15th this year, and they're moving through batches quickly. Based on the data patterns, Venmo deposits are consistently arriving 1-2 days before the official DDD for most filers. If anyone filed around January 28-30 with similar credits, you should see deposits between February 22-24.
0 coins
Write a comment...
Thais Soares
Be careful using payment apps for tax refunds. According to IRS Publication 1345 Section 5.2, the IRS isn't responsible for misdirected deposits if account information is entered incorrectly. I've seen cases where refunds were sent to closed or incorrect accounts, resulting in 6+ month recovery processes. While Venmo is generally reliable, their customer service has limited ability to trace government payments compared to traditional banks. Always verify your direct deposit information before filing!
0 coins
Write a comment...