The IRS has been urging taxpayers to set up direct deposits to access tax refunds quickly and securely in 2022. But for, more than 7 million Americans who are unbanked do not have a checking or savings account established in their name at a bank or credit union. Hence, it is another challenge to set up direct deposit on cash app.
So is it possible to receive the IRS tax refund if you don't have a bank account?- Yes, using a cash transfer app like Cash App, you can set up an account to have your Cash App tax refund money sent to you. This article will walk you through what payment apps allow you to receive IRS direct deposit for your tax refund?
Cash App is one of the most popular digital payment apps that allow users to electronically send money back and forth. People chose this platform for Cash App tax refund deposits because of its speed. According to the Cash App, the money sent to you is made available immediately after it is sent. Cash App has excellent features such as a direct deposit for your paychecks, receiving your tax refund, and any other unemployment benefits. Still, individuals can also use it to receive checks from the governments.