12/10/2025
Direct Deposit: The Fastest (And Soon The Only) Way To Get A Refund
If you’re hoping for a tax refund this year, the IRS strongly encourages you to choose direct deposit. It has long been the fastest and most secure method, and it is now becoming the standard. Under a recent executive order, the IRS began phasing out paper refund checks as of September 30, 2025. While some limited exceptions remain, most taxpayers will need to provide bank routing and account numbers to receive their refunds.
If you don’t yet have a checking or savings account and want to open one, the IRS suggests using the FDIC’s BankFind tool or the National Credit Union Locator tool. Veterans can also check out the Veterans Benefits Banking Program, which lists participating banks and credit unions that offer financial services tailored to veterans and their families.