The start of the new year means the start of a new tax season. We’ve compiled four tips to help you have a smooth experience this year.
If you’re due a refund when you complete your taxes, you’ll have several options for how you want to receive this money. According to the IRS, the fastest way is to have your refund direct deposited into a checking or savings account.
To have your refund direct deposited into your PSECU account, you’ll need to have our routing number, as well as your 10-digit member number or your 10-digit checking number. PSECU’s routing number is 231381116. Your checking number is found at the bottom of your check and begins with either “045” or “7.” If you use your checking number, your deposit will automatically go into your checking account. When you use your member account number instead of your checking account number, you’ll need to select whether it should be a savings or checking deposit.
To successfully receive your refund via direct deposit, keep a few things in mind:
Tax preparers and even tax preparation software can accidentally leave in the previous client’s information. This could lead to incorrect or incomplete information being accidentally populated into your tax forms.
Incorrect or incomplete numbers will cause your direct deposit to be rejected. This will lead to a paper check being sent instead.
To avoid this inconvenience, double-check your information, especially your account number and the routing number, before you submit your tax return.
If you need forms from us to complete your tax return, you can find them in online banking and our mobile app. Follow the quick steps below to access them:
If you’re due a tax refund, you’re likely anxious to know when it’ll arrive. According to the IRS, calling them won’t help you get your refund faster. However, the IRS makes it easy to track your refund on their website. You can track your refund by visiting IRS.gov/refunds or by downloading their IRS2GO mobile app.
There are a few things to keep in mind if you’re tracking your refund online:
We make it easy to monitor your PSECU accounts with account alerts. You can set these up using online banking or our mobile app. If you’re anxiously awaiting a tax refund, you can set up an alert to send you a text or email when you receive a deposit in your account so you know when your refund is available to use.
For more money management tips, visit our WalletWorks page.