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Asked by: jmlcpl
angel on Feb 08, 2012
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Bash Limpbutt's Oozing Cyst© on Feb 08, 2012
They actually don’t deposit your refund. They send it to FMS who processes the actual payment.
The IRS MeF system releases refunds to FMS 24 x 7 x 365. Most returns this year are processed by MeF. The older CADE system releases batches of refunds on Thursday evening and early Friday morning.
Once FMS receives the money they send them out immediately if there are no offsets of your refund. Those systems also run 24 x 7 x 365 so your refund could be transmitted on any day or time, including weekends and federal holidays.
When your bank makes the money available to you will depend upon their posting procedures.
Myrah Rivers on Mar 17, 2012
What if the refund is to be deposited on a TurboTax card on March 14, 2012 and it hasn’t been deposited yet
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