Here’s what HIVE AI had to say about “How can I update bank details if my refund is held?”:
Updating bank details when a refund is held
- If your original return has already been accepted/processed with direct deposit info, you generally cannot change the routing/account number for that refund after filing. The IRS has stated it can’t accept direct deposit information after a return is filed. 2 IRS e-file provider guidance likewise indicates the direct deposit election can’t be rescinded/changed after IRS acceptance.
- If the refund is held because banking information was missing or the bank rejected the deposit, the IRS’ current process is to mail a notice (identified in its FAQ as CP53E) asking you to provide banking information (or explain why you can’t). The IRS indicates you can provide/update this information through your IRS Individual Online Account, and IRS employees can’t take direct deposit information over the phone or in person.
- If your issue is that the refund was already sent by direct deposit but you’re reporting it as missing/misdirected, Treasury regulations provide for coordination with the Bureau of the Fiscal Service and the receiving financial institution to determine what happened and, if it’s determined a misdirected direct deposit refund occurred, the IRS will issue a replacement refund (either direct deposit or a paper check to your last known address).
Sources
1 – Treasury Regulation 301.6402-2
2 – Why taxpayers should have their tax refund direct deposited | Internal Revenue Service
3 – Publication 4163 (PDF)
4 – Questions and answers about Executive Order 14247: Modernizing Payments To and From America’s Bank Account | Internal Revenue Service
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