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3 Answers

Why does H&R block’s bank hold refund’s for so long?

Asked by: emeka22uche 5244 views YA Discussion

IRS direct deposited my refund on 2/1/2012 into H&R blocks bank. I called H&R block today to check the status and they say it will take 10-14 days to direct deposit into my bank account. Should it really take that long to take their fee’s and finish depositing my money?
I called the 1-800 number.
Yes it is ridiculous and that’s why I asked! Also I do understand that my bank may be holding things but I’ve researched information on my bank as well as the IRS and H&R block. The middle man (H&R) are causing the delays.

How others found here:

  • why are tax returns taking so long 2012
  • why is it taking the irs so long 2012
  • how long does it take republic bank to deposit my refund

3 Answers

  1. Terence Rembert on Feb 04, 2012 Reply

    last year I filed with them and they didnt hold anything. You answered my previous question and so on my next break in 15 minutes im going to call both the HR Block bank at 1-800-687-4722 and also the location I filed at and ask them. Did you call the 800 # or your local office?

    UPDATE: I called the 800 # and spoke with someone and told her I wanted to check to see if they recieved the money and deducted their fees yet and she pulled it up by my SSN and said they did get it and that it will be deposited into my bank account on monday the 6th!!! YAY! Maybe call again and get someone else. Because whoever you spoke to didnt know anything.

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  2. SmartA$$ on Feb 04, 2012 Reply

    I think the person you talked to wasn’t really listening to your question.

    They heard “how long does it take” and they gave their generic answer of “10-14 days”

    It should only take them a 3 days at the absolute most from the time they get the money to the time you can spend it.

    At Liberty Tax Service our bank processes everything within about 20 minutes and there’s usually a check available for pick up within an hour or less of the IRS releasing the refund. If its direct deposit to your bank account YOUR bank can take 1-3 days to process but that’s not the tax preparer’s fault.

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  3. Bash Limpbutt's Oozing Cyst© on Feb 04, 2012 Reply

    That’s absurd. It should not take more than a day or two for the fee strip and to forward the balance to your account. You should see it any day now.

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