When will my refund be deposited into my Credit Karma Money™ account?* (2024)

FAQs

When will my refund be deposited into my Credit Karma Money™ account?*? ›

If approved, your Refund Advance will be deposited into your Credit Karma Money™ Spend (checking) account, typically within 4 minutes after the IRS accepts your e-filed federal return and you may access your funds online through a virtual card. Your physical Credit Karma Visa Debit Card* should arrive in 7 - 14 days.

What time of day does direct deposit hit? Usually, you'll have access to your direct deposit at the opening of business on your payday — by 9 a.m. In many cases, direct deposits hit accounts even earlier, often between midnight and 6 a.m. on payday morning.

When you receive your refund will depend on when the merchant's payment system submits the refund for processing. Most refunds typically take 5-7 business days (excluding weekends and holidays) to appear in your account once the merchant has issued the refund.

If you file your return electronically, your refund should be issued in less than three weeks, even faster when you choose direct deposit. You can have a refund check mailed to you, or you may be able to have your refund deposited directly into your bank account.

Refund processing by the tax department starts only after the return is e-verified by the taxpayer. Usually, it takes 4-5 weeks for the refund to be credited to the account of the taxpayer.

Get your refund up. to 5 days early. savings account. 5-Day early program may change or discontinue at any time.

Once deposits settle, they are available for withdrawal within 1-3 additional business days. Funds transferred into your Credit Karma Money accounts are not available for immediate withdrawal. The process typically takes 1-3 days.

Karma Gear cannot be held responsible for lost parcels. We will refund your order, via Paypal (the same method by which payment was made) as soon as possible once we have received your return, however please allow 14 working days for refund to be made.

Early Payday

Get access to your paycheck up to 2 days early, and federal government benefits up to 5 days early when you set up direct deposit.

A credit card refund can take between five and 14 business days to appear on your card statement or balance. This is because the transaction goes through a credit card processing service and must be completed before your issuer can credit your account for the purchase.

What are the direct deposit dates for refunds? ›

They will provide an actual refund date as soon as the IRS processes your tax return and approves your refund. Most refunds will be issued in less than 21 days. You can start checking the status of your refund within 24 hours after you have e-filed your return.

"IRS Accepted Return But Not Approved" Meaning

If a taxpayer receives the status update that their tax return was accepted but not approved, this means that the IRS has received their tax return, but they have not yet evaluated the information.

This depends on how soon the merchant processes your refund. Once a refund has been processed, it should take an average of 1-3 working days to reach your account. In some cases it may take up to a week.

Status of 'paid' refund, being paid other than through 'Refund Banker', can also be viewed at www.tin-nsdl.com by entering the 'PAN' and 'Assessment Year'. 'Refund paid' status is also being reflected in the 'Tax Credit Statements' in Form 26AS.

Once the refund is approved, the transfer of funds from the merchant's bank to your bank can take longer if weekends or holidays fall into the timeframe. Your account may show a pending payment earlier, but the funds won't be available until the actual transaction is completed.

What time your direct deposit hits depends on the financial institution. Most recipients can expect their direct deposits to be available by 9 a.m. on payday, with many banks allowing funds to be released between midnight and 6 a.m. If your bank allows for the funds to be released sooner, you'll see them then.

Credit Karma Money Spend is free to open, with no penalties, overdraft fees or minimum balance requirements. Set up direct deposit and Early Payday which gives you access to your paycheck up to 2 days earlier!

The Automated Clearing House (ACH) processes most deposits within 1-3 business days. Banks can take additional time to verify transfers and make the funds available to you as soon as the next business day.

Reasons your direct deposit hasn't hit

That said, if you haven't received your direct deposit, it could be for several reasons: Your employer entered an incorrect date when processing your payroll. Processing is taking longer than usual due to holidays (payday falling on a bank holiday often delays direct deposits).