02-13-2013 02:20 PM
I checked with our customer service team regarding your question:
Client refunds will be sent to H&R Block Bank (HRBB) if the client has opted for a Refund Anticipation Check (RAC) to pay their prep fees from their tax refund. If the IRS says your refund should happen on the 15th, HRBB will make the deposit on that day. Usually all deposits are completed by 10am. If HRBB is depositing into your personal checking account, there may be a slight delay depending on the deposit criteria set by your bank.
Hope this helps.