IRS refund deposit date for 3/15 - Chase Bank issues with delayed deposits

Tax professional here. This is actually normal and happens every tax season. The IRS sends the money electronically on their scheduled date, but it's up to your bank to process and post it to your account. Different banks have different processing schedules. Some process deposits immediately, while others batch process them at specific times during the day (as your friend mentioned). A few things to note: - The IRS has officially sent your money if your WMR (Where's My Refund) or transcript shows a deposit date - Banks can hold funds for 1-2 business days even after receiving them - Some banks don't process deposits on weekends - If it's been more than 5 business days, then you should contact your bank Don't panic - the overwhelming majority of refunds arrive within 24 hours of the IRS deposit date. The system isn't "shutting down" because people are checking; that's not how banking systems work. However, if you don't see it by tomorrow, call Chase's customer service line and ask them to check for pending ACH deposits.

Look, instead of constantly checking your bank account and stressing yourself out, I found this tool called taxr.ai that's been a lifesaver. It actually explains exactly what's happening with your refund and gives you projected dates based on real IRS data. It reads your transcript and tells you when to expect your deposit and why there might be delays. I was in the same boat as you a few days ago and was getting frustrated with the constant checking. This tool helped me understand exactly what was going on so I could stop obsessively refreshing my bank app. https://taxr.ai

After waiting for my refund date to come and go with nothing in my account, I ended up using a calling app (claimyr.com) that got me through to an actual human at the IRS! They confirmed my refund was sent to my bank and gave me the exact time it was transmitted. Talking to the agent directly was way more helpful than refreshing my bank app 500 times. It was honestly the best money I've ever spent to get answers straight from the source instead of just guessing what might be happening.

chase is THE WORST with tax refunds. i switched to a credit union after they held my refund for 3 days last year 🤬 they claim it's "processing time" but other banks don't seem to have this issue. might be time to find a new bank!

This is happening to alot of ppl right now in the tax groups I'm in. Fifth third, chase, wells fargo... all having delays. One of my freinds called the IRS and they said the system is overloaded because this is peak refund season. Just hang tight, its probably coming later today.

Don't be too hard on your bank. The IRS often sends out the deposits in batches. Your deposit date just means the day they initiate the transfer but depending on when in the day they sent it, it could take 24-48 hours to actually hit your account. This is normal and happens every year - people just forget from one tax season to the next.

Mine was SUPPOSED to deposit yesterday (BofA) and still nothing today. Called the bank and they said they don't see anything pending. I'm so frustrated i could scream.

I dont think its because people are checking accounts too much lol. Banks handle millions of transactions every minute. Its just that the IRS sends them in batches and banks process them when they get around to it. My refund last year came at 11:43pm on the deposit date. Just be patient.

Is it normal for banks to take this long?? I've been getting my tax refund for 10 years and have never had it take more than a few hours after the deposit date. Something seems fishy this year.

Chase sucks eggs for this. The Dept of Treasury (aka the IRS) is NOT the one causing the delay. Chase specifically holds direct deposits to earn interest on your money - it's called float. Switch banks and your problems will magically disappear next year.

Literally was in your situation last week. I used taxr.ai to check my transcript because I couldn't figure out what was happening. Turns out my refund was fine on the IRS side, but my bank was holding it for "verification" because it was a large amount. Might be worth checking your transcript to make sure the IRS actually sent it when they said they did. The tool explained everything in normal english instead of those confusing IRS codes. https://taxr.ai

If the Where's My Refund tool says its been sent then its been sent. Your bank is the holdup, not the IRS. Each bank has different policies on how they process government deposits. Call Chase customer service and ask specifically about pending ACH transfers from the Treasury Department.

The IRS says it can take up to 5 days after the deposit date for banks to process refunds during peak season so ur fine. The part about ppl checking causing system issues is definitely not true tho lol 🤣

FYI Chase has been experiencing system issues this week. My friend works there and said they've had problems processing large batches of ACH deposits. Your money is safe but there might be delays due to their technical problems.

Has anyone used a tax transcript reading tool to figure out what's going on with their refund? I'm in a similar situation and getting nowhere with my bank.

Pro tip: stop refreshing your banking app every 5 minutes. Set up alerts for deposits instead. Your refund will arrive when it arrives, and you'll be notified instantly. The constant checking really does raise your anxiety levels unnecessarily.

i finally got my refund after it was 2 days late from the deposit date. had to call the irs to find out what happened. turns out they sent it on time but my bank (PNC) held it for "security verification" because it was over a certain amount. you might wanna call chase and specifically ask if they're holding it for security reasons.

I was in exactly ur situation last week. Direct deposit date was 3/7, nothing showed up until 3/9 late at night. Just be patient, it's coming. The IRS and banks are processing millions of refunds right now.

Ok, tax preparer here with some ACTUAL facts: 1. No, people checking accounts doesn't "shut down the system" - that's not how banking works 2. The IRS sends refunds in batches throughout the day 3. Banks typically process ACH deposits in batches (usually 3-5 times daily) 4. Weekends and holidays don't count as processing days 5. Some banks place holds on large deposits If your WMR shows sent, it's almost certainly just regular processing delays. If it's been more than 3 business days, call your bank's ACH department specifically (not just regular customer service).