Free Banking Tips

Filing for taxes has been the most awaited happening after the holiday season. This is the time when we are starting to back up from the expenses last holiday after the holiday craze, parties and shopping spree. So this is the moment that we have been waiting for, last January 31, 2014 IRS just started receiving and processing forms for the tax returns.

After checking for free federal tax filing, preparing and organizing all the paperwork, receipts and other forms and checking of possible increase on tax refund through IRA or other equity account, we are now excited to get our tax refunds.

But, what causes the delay of our Tax refund deposit from posting to our count? This are the things that we have to consider.

1. Am i providing my correct social security?

98% of the mistakes that remain unnoticed are from the things that we believe and we think we already know. This is because we repetitively dictate and use this number we often don't notice our errors on this basic information. Double check your social security number to avoid hassle.

2. Is my account valid? 

There are some instances where accounts are having some issues that becomes a barrier for us to receive our direct deposit. We can also check if our account is open and active to avoid delay. If you have online banking and you no longer see your account then this might be because your account is no longer open or active.

3. Did i provide the correct account number and routing number of my account?

Make sure that this two major information is provided. 78% of tax payers tax refund deposit delay are due to this issues. Routing number are easily available compared to account number. If your not sure of your account number, then try to call your bank first to confirm if your account number is correct.

Hope this post help us get a jump start after we get our tax refund.