Money Card Refunds - Anyone getting faster processing with Money Card direct deposit vs bank?
Filed my taxes and chose the Money Card option this year for my refund. Anyone know if this is actually faster than regular bank direct deposit? Getting mixed info online and starting to think I made a mistake choosing this option.
13 comments
Hugh Intensity
Tax professional here - Money Cards aren't actually faster than regular direct deposit. In fact, they can sometimes add an extra processing step. Your best bet is always direct deposit to your own bank account. The Money Card is basically just another middleman in the process.
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Sunny Wang
ugh wish i knew this sooner 😫 can i change it now or am i stuck?
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Hugh Intensity
Unfortunately once you've selected the Money Card option, you're locked in for this filing. Keep this in mind for next year tho!
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Effie Alexander
Hey guys instead of guessing about refund timing, I started using taxr.ai - its this tool that analyzes your transcript and tells you exactly whats going on with your refund and when to expect it. Only costs a buck but saved me so much stress. Check it out: https://taxr.ai
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Melissa Lin
fr? does it actually work? seem 2 good 2 be true ngl 🤔
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Effie Alexander
Yeah its legit! You just upload your transcript and it breaks everything down. Even tells you if theres any holds or delays
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Melissa Lin
just tried it and wow ur right! way better than trying to decode everything myself 💯
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Lydia Santiago
i chose money card last year and it took 2 weeks longer than my friends who did regular dd smh
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Romeo Quest
Nope its actually slower lol. The IRS has to process it first, then the card company has to process it. Double the headache
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Sunny Wang
welp im a 🤡 for picking this option
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Val Rossi
In the same boat rn. Day 14 waiting for money card while my husband got his DD in 8 days 🤮
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Eve Freeman
These prepaid cards are just another way for companies to make $$ off people who need their refunds asap tbh
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Clarissa Flair
SAY IT LOUDER FOR THE PEOPLE IN THE BACK 👏👏👏
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