This article was updated for Tax Year 2023, last edited on December 18th, 2023.
Direct deposit and direct debit are two of the fastest ways to send money between your bank account and the IRS. A direct deposit lets you receive money directly into your account, while direct debit lets you send money directly from your account.
Direct deposit: You can deposit your refund into one, two, or even three accounts. Even if you don’t have a checking account, there are other refund options.
Direct debit: You can pay your tax bill directly from your bank account through a process called electronic funds withdrawal. Even if you don’t have a checking account, there are other payment options.
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