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Category: General Questions

Why is there a $0.01 deposit in my account?

When you choose to pay the TaxSlayer preparation and filing fee by the RT (Refund Transfer) Bank option, the third party bank first does a "test" deposit of $.01 to make sure the account number provided by you is valid. You can expect your refund to be delivered without a problem and should be deposited soon after the $.01 deposit. You will be notified via e-mail from the third party bank the day prior to the deposit being made, and depending on your financial institution, it may be a few days before the deposit is available for you to use.