The Benefits of Choosing Direct Deposit

By Scott Hennessy On June 27, 2024
Scott is a CPA & Manager at BSB.

Get Your Refund Faster!

Benefits of Choosing Direct Deposit:

  • It is fast: The fastest way for taxpayers to receive their refund is to file electronically and choose direct deposit.
  • It is secure: Paper checks often get lost or stolen from the mail.
  • It is easy: Taxpayers only have to provide their account information to their tax preparer.
  • It provides multiple options: Taxpayers can split a refund into multiple accounts including checking, savings, health, education, and certain retirement accounts.

Taxpayers should use U.S. bank accounts in their own name, their spouse’s name or both. If you don't have a bank account, some mobile apps or prepaid debit cards allow for direct deposit of tax refunds.

If you're a taxpayer in the New York Metro Area and need help making the best decisions for tax return, request a consultation with our experienced accountants today. We look forward to providing you service.

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