Refund Transfer Payment Completed - Does This Mean My EIC/CTC Refund With 846 Code Is Coming Soon?

I paid my tax prep fees with my refund transfer on February 02, 2025 and just noticed my payment status changed from pending to "Payment Completed". Filed with EIC and CTC credits and still waiting on that 846 deposit code. My order status for the refund transfer payment method just updated in the system. Anyone know if this payment completion status change means anything for my refund timeline? Just checked my tax prep system and it shows: Order date: February 02, 2025 Payment method: Refund Transfer Order Status: Payment Completed This just changed from "Pending" to "Payment Completed" overnight, which feels like movement, but I'm not sure if it actually means anything for when I'll get my refund. I claimed both Earned Income Credit and Child Tax Credit this year which I know can delay processing. My WMR (Where's My Refund) tool still shows processing and I don't have the coveted 846 direct deposit code on my transcript yet. I'm wondering if anyone else has seen their refund transfer payment status change to completed before actually receiving their refund? Does this mean my return made it through the EIC/CTC verification process? I paid about $400 for tax prep with the understanding it would come out of my refund, so seeing "Payment Completed" makes me think my refund might be on its way soon, but I don't want to get my hopes up if this is just a system update that doesn't mean anything. Has anyone experienced this status change before getting their refund deposit? I'm trying to figure out if I should be checking my bank account more frequently or if I still have weeks to wait.

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Cynthia Love

The order details show a tax preparation payment via Refund Transfer processed on February 02, 2025 that has now moved to "Payment Completed" status. This status change only confirms that your tax prep fees are queued for deduction from your eventual refund - it's not an indicator that your refund itself is about to be released. When using a Refund Transfer payment method, the fees are essentially put "on hold" until your refund arrives. The completed status just means the payment arrangement is finalized on the tax preparer's end, but since you're claiming EIC and CTC credits, your actual refund is still subject to IRS processing timeframes and verification procedures. The February 02 order date reflects when you initially set up the Refund Transfer, not when your refund will be issued. You'll need to continue monitoring your tax transcript for the 846 direct deposit code - that's the definitive signal that your refund has been approved and scheduled for release. Until you see that code, the payment completion status is just confirming the fee payment structure, not predicting refund timing.

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