You will need to decide if you want a paper check or if you'd rather have everything delivered to your bank account. Some people find it easier to have their money go into their savings account or another predesignated area, as a way to save money.
Others believe the old-fashioned method of depositing a check is best and means there's less of a chance for someone to mess up their refund. Figure out what works best for your needs and choose the option that works for you and your financial needs.
When Getting Direct Deposit, Check This First
Many people opt for a direct deposit because it's easy, and they don't have to worry about a lost check or someone stealing it from their mailbox. If direct deposit appeals to you, go ahead and take it, but remain aware of a few factors.
Make sure you double check the numbers on your account. Many people miss out on their direct deposit or experience a delay because they typed the numbers incorrectly.
Check at least twice and read out loud to make sure you've put in the correct numbers.
Some people believe the IRS is prone to issues with the refund when its split between more than two accounts. Although the IRS can split up to three accounts, play it safe and consider only having the refund go to two at the most.
Once your refund arrives, you can move money around and transfer it wherever you see fit.
Make sure your name matches the bank account. If it doesn't, the IRS catches on and stops the refund.
Since you don't want extra delays in getting your money, it's important to double check that important details like your name and the name of the bank the refund is going to are correct before getting sent over.