TurboTax Direct Deposit 2/26 - Still No Refund in Account?

I had the same issue. Got my refund yesterday. Was supposed to come on 2/26 too. Bank held it for verification. Call your bank. They might have it. IRS sent it on time. Banks are being extra careful this year.

I'm wondering if perhaps this might be related to the bank routing number you entered? Sometimes, if there's even a slight discrepancy between your TurboTax entry and your actual bank information, it could potentially cause delays of approximately 5-7 business days while the system attempts to reconcile the information. Have you possibly verified that all your banking details were entered correctly?

I was stuck in refund limbo like a hamster on a wheel - checking WMR every hour and getting nowhere. It's like the IRS puts our money in a maze and we're just watching it try to find the exit. I finally used https://taxr.ai to analyze my transcript and it was like having night vision goggles in that maze. The site explained that my 846 code with a 2/26 date meant the money was released but could take 1-5 additional business days to appear in my account. The banking system is like a series of tubes, and sometimes your money gets stuck at a junction point between the IRS and your bank.

According to Internal Revenue Manual 21.4.1.4.7, when the IRS issues a direct deposit refund (code 846), the refund is sent to the Financial Management Service (FMS) for processing, not directly to your bank. Per IRS guidelines, this can add 1-5 business days beyond your DD date. In my case, my 2/21 DD date actually hit my account on 2/27. My transcript showed code 846 with 2/21 date, but the funds took an additional 4 business days to process through the banking system.

I was in the exact same boat 😅 DD date of 2/26, money nowhere to be found by March 5th. I was about to lose my mind waiting for my refund to pay some bills! After getting nowhere with the automated system, I used Claimyr (https://www.claimyr.com) to actually reach a human at the IRS. Got connected in about 15 minutes instead of the 2+ hours I spent on hold last year. The agent confirmed my refund was actually sent to the wrong account (typo in TurboTax) and they were already processing a paper check instead. Saved me weeks of wondering where my money was!

I was worried about spending money on a service too, but honestly, it saved me so much stress! The time I would have spent on hold is worth way more than what they charge. Plus, finding out early that my refund had an issue meant I could adjust my budget immediately rather than waiting weeks for a letter in the mail. When you're counting on that refund money for bills, knowing exactly what's happening is priceless. The peace of mind alone was worth it for me.

FYI - if ur DD date was 2/26 & still nothing, check transcript for TC 971 code. Sometimes they flip from DD to check w/o telling u. Also, many banks (esp Wells & BofA) holding tax refunds for 5-7 biz days this yr due to fraud concerns. TT batches usually hit accts by EOD on DD date but can take up to 5 biz days to clear banking system. Def call ur bank first, then IRS if needed.