Got my refund at 9pm! Early deposit with cycle code 0405 - Capital One 360

Congrats on the quick turnaround! Did you file with any credits like EIC or CTC? Those usually take longer in my experience. And when did you originally file? I'm trying to figure out if the cycle codes are following the same pattern as previous years.

I think, possibly, the Capital One 360 might be part of why you got it so quickly? I've noticed that some banks seem to process the ACH transfers from the Treasury more efficiently than others, at least in my somewhat limited observation. It might be worth considering for anyone who's possibly thinking about switching banks for next tax season, though I'm not 100% certain it makes a huge difference for everyone.

The 0405 cycle code is processing exactly on schedule. Your return was processed in the 4th week of the tax season (that's the "04") and on the weekly cycle (that's the "05"). Weekly cycles always update on Wednesday night/Thursday morning and typically deposit 5-7 days after that date. You got yours on the fast end of that timeline. The $25 "early deposit" feature from TurboTax simply means they partner with your bank to release funds as soon as the ACH notification comes through instead of waiting for actual settlement. It's not magic - just banking agreements.

If anyone is still waiting on their refund and can't get answers, I highly recommend Claimyr. I waited exactly 47 days with no updates on WMR or transcripts, then used Claimyr (https://youtu.be/_kiP6q8DX5c) to get through to an IRS agent in exactly 18 minutes instead of the 2+ hours I spent on redial attempts. The agent confirmed my return was held for verification and released it that same day. My DDD appeared on my transcript exactly 7 days later, and my refund hit my bank exactly 5 days after that. Total time saved: approximately 14-21 days of waiting.

I'm somewhat hesitant to recommend this, but I've found that checking your account transcript rather than the refund transcript sometimes provides earlier information about your refund status. The account transcript might show pending transactions that haven't yet appeared on the refund transcript, though this isn't always the case for everyone. It's probably worth checking both if you're waiting for updates, just to be thorough.

I was in the EXACT same boat and just got my deposit too! • Filed: Feb 12th • Cycle code: 0405 • WMR updated: Yesterday • Bank: Chase • Deposit hit: 2 hours ago The key difference is I DIDN'T pay for the early deposit feature and still got it fast. Seems like this batch is just processing quickly regardless of the extra fee.

I'm so happy for you! 😊 I always recommend setting up direct deposit with a bank that processes early like Capital One or Chime rather than paying extra fees for "early deposit" features. Most of those services just take advantage of the standard ACH processing time that some banks already give you for free. I'm still waiting on mine and feeling a bit anxious since I filed on February 2nd and still nothing showing on my transcript as of this morning.

The community wisdom on cycle codes has been pretty accurate this year. From what I've tracked since January 29th when filing opened, the 05 cycle codes are processing in about 21-28 days from acceptance date, while daily cycle codes (01-04) are taking 30-35 days. Military returns filed from overseas on February 15th seem to be processing faster this year, with many already receiving deposits by March 10th. Your timeline fits the pattern perfectly for a domestic 05 cycle.

Congratulations! This gives me so much hope - I filed on Feb 8th and have been checking my transcript obsessively. I'm also cycle code 0405, so it sounds like we're in the same batch. My transcript still shows "N/A" for my refund date, but seeing your timeline makes me think I should see an update soon. Quick question - did your transcript show the DDD first thing in the morning, or did it update throughout the day? I've been checking at like 6am every day but wondering if I should check again later. Also, did you get any kind of notification from Capital One when the deposit hit, or did you just happen to check your account? Thanks for sharing the details about your cycle code and timeline - this community has been so helpful for tracking patterns!

This is exactly the kind of detailed timeline that helps everyone! I'm also with Capital One 360 and can confirm they're really good about releasing tax refunds as soon as they receive the ACH notification. Filed on Feb 14th with cycle code 0405 too, so fingers crossed I'm in the same processing batch as you. One thing I learned from lurking here is that the transcript usually updates overnight between Tuesday and Wednesday for 05 cycle codes, then deposits typically hit 3-5 days later. Your experience confirms that pattern perfectly. Thanks for mentioning that you paid TurboTax upfront instead of having fees deducted - I've seen some posts suggesting that refund transfers can add delays, so it's good to know the direct deposit route worked smoothly for you. Hoping my deposit shows up soon too!