Get your refund faster -- Tell IRS to Direct Deposit Your Refund to One, Two or Three Accounts
You have several options for receiving your 2007 federal income tax refund. You can:
Split your refund with direct deposits into two or three checking or savings accounts
Direct deposit your refund into one checking or savings account
Receive your refund as a paper check in the mail, although this option takes a little longer
Splitting your refund is easy. Use IRS’ Form 8888, Direct Deposit of Refund to More Than One Account, to divide your refund among two or three different accounts. If you want IRS to deposit your refund into just one account, use the direct deposit line on your tax form.
With split refunds, you have a convenient option for managing your money — sending some of your refund to an account for immediate use and some for future savings — teamed with the speed and safety of direct deposit.
Whether you file electronically or on paper, direct deposit gives you access to your refund at least one week faster than a paper check. Nearly three out of five taxpayers chose direct deposit for their refunds last year.
Direct deposit also avoids the possibility that your check could be lost or stolen or returned to IRS as undeliverable.
Speed, safety and choice — with direct deposit you can have it all.
Page Last Reviewed or Updated: February 19, 2009