Setting up a direct deposit of refund in ProConnect Tax

This article will help you set up your client's tax return to receive direct deposit—and identify whether direct deposit is set up before you e-file—in Intuit ProConnect. Follow the steps for your return type below to get started.

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What's new for Individual tax refunds for tax year 2025:

Tax refund checks for individual taxpayers will be phased out beginning on September 30, 2025. Until further notice, taxpayers should continue using existing forms and procedures, including those filing their 2024 returns on an extension of a due date prior to December 31, 2025. For tax year 2025 returns, the IRS will send Notice CP53E if the return didn't have direct deposit information. This can delay the refund by up to six weeks. For more information from the IRS see here.

How do I set up direct deposit or electronic funds withdrawal for an individual return? (1040/1040-X)

Starting in tax year 2022, e-filed 1040-X returns can receive a refund by direct deposit. Amended returns use the same Direct Deposit and Electronic Payment settings as the regular return, and can be adjusted in the Miscellaneous Information screen.

To set up direct deposit for the federal 1040:

1. Go to Input Return ⮕ General ⮕ Misc. Info./Direct Deposit
2. Check the box labeled Direct deposit of federal refund.
3. Scroll down to the Financial Institution #1 subsection, and enter the information:
   • Name of financial institution (memo only),
   • Routing Transit Number,
   • Depositor Account Number,
   • Select the Type of Account from the drop down menu, and
   • Select the Type of investment from the drop down menu.

Two additional financial institutions can be entered here if you wish to split the refund between multiple accounts. Form 8888 Direct Deposit of refund will generate with the return. If the type of account selected is an IRA, the program will limit the amount deposited to the to the IRA limits. If more than one IRA account is selected, then the total is limited to the IRA limits. The limitation is computed per spouse, and can be computed using this year's or next year's IRA limits.

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To set up direct deposit for a state tax return:

1. Go to Input Return ⮕ General ⮕ Misc. Info./Direct Deposit
2. At the top of the Misc. Info./Direct Deposit screen, select a state abbreviation.
3. Inputs will vary by state. Most states have a checkbox or field where you enter "1" to indicate direct deposit.
4. By default, ProConnect Tax will use the bank account you entered for Financial Institution #1 for the state refund. You can enter a different financial institution here for the state refund, if needed.

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To verify the refund is set up for direct deposit:

1. Go to the Check Return tab.
2. On the left-side menu, select US.
3. View the FinTrans Summary. If the federal or state return is generating a refund, and direct deposit is set up, the financial transaction summary will indicate the amount and bank account information.

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What's new for tax year 2024:

• Purchase of savings bonds discontinued. The program allowing for your refund to be deposited into your TreasuryDirect® account to buy savings bonds, as well as the ability to buy paper bonds with your refund, has been discontinued.

To setup direct deposit for corporate returns (Form 1120)

1. Go to Input Return ⮕ General ⮕ Miscellaneous Information
2. Select View at the top of the screen to jump to the Direct Deposit of Refund (8050)/Electronic Payment section.
3. Check the box, Direct deposit of federal refund.
4. Enter the Bank Information:
   1. Name of bank (memo only)
   2. Routing number
   3. Depositor account number
   4. Enter a 1 or 2 in, Type of account 

To verify whether direct deposit has been set up, go to the  Check Return tab and select the Preparer e-file Instructions form. The refund amount and bank account information will be listed here.

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To setup direct deposit for S-Corporate returns (Form 1120S)

1. Go to Input Return ⮕ General ⮕ Miscellaneous Information
2. Check the box, Direct deposit of federal refund.
3. Enter the Bank Information:
   1. Name of bank (memo only)
   2. Routing number
   3. Depositor account number
   4. Enter a 1 or 2 in, Type of account.

To verify whether direct deposit has been set up, go to the  Check Return tab and select the Preparer e-file Instructions form. The refund amount and bank account information will be listed here.

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To setup direct deposit for Partnership (Form 1065) and Fiduciary (Form 1041) returns

Direct deposit is not supported for federal partnership or fiduciary returns. However, some states and cities may offer direct deposit for these entities. To check if direct deposit is available:

1. Go to Input Return ⮕ General ⮕ Miscellaneous Information
2. At the top of the screen, select a state abbreviation.

The electronic payment and direct deposit options for your state or locality will be listed here. Bank Information for one taxing agency can be entered, or you can enter bank information in the Electronic Payments section to apply to multiple states.

To verify whether direct deposit has been set up, go to the  Check Return tab and select the Preparer e-file Instructions form. The refund amount and bank account information will be listed.

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What to do if the tax return has been e-filed and you need to make changes or have questions:

ProConnect Tax does not have the ability to make any changes to a return or extension after it has been electronically filed.

When to contact the Treasury Financial Agent, Customer Service, at 1-888-353-4537 and important info:

• Cancel a payment or to report problems such as bank closures, lost or stolen bank account numbers, closed bank accounts or unauthorized transactions.  Customer Service is available 24 hours a day, 7 days a week.
• Scheduled payments can be canceled up to 11:59 p.m. ET, two (2) business days before the scheduled payment date. The cancelation must be authorized by the taxpayer.
• Taxpayers may also call to inquire about payments but should wait at least 7 - 10 days after the e-file return is accepted before calling. 
• Taxpayers will be notified if a payment is returned by the financial institution due to insufficient funds, incorrect account information, closed accounts, etc. If this occurs, the IRS will send a notification letter to the address on record explaining why the payment could not be processed. The letter will provide alternative options for making the payment. 
• In the event Treasury causes an incorrect amount of funds to be withdrawn from a bank account, Treasury is responsible for returning any improperly transferred funds.
• In the event the financial institution is unable to process the transaction, the taxpayer will be responsible for the tax payment and for any penalties and interest incurred.

When to contact the IRS at 1-800-829-1040 for:

• If there is an error in the amount withdrawn.

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