It’s crucial for Irish taxpayers to ensure their own bank account details are registered on their Revenue myAccount. Here’s why:

  1. Refund Payments Go Directly to Your Account:
    When claiming tax refunds, Revenue will transfer the funds directly into the bank account registered on your myAccount. If the details are incorrect or belong to someone else, your refund may be delayed or sent to the wrong account.
  2. Fraud Prevention:
    By using your own bank account, you reduce the risk of fraud or unauthorized access to your refund. Scammers could misuse shared or third-party accounts.
  3. Revenue Policy:
    Revenue strictly advises taxpayers to provide their own personal bank account details for transparency and compliance. Using a shared or third-party account could raise red flags.
  4. Keep Details Updated:
    If your bank account changes, update your details immediately on myAccount to ensure no issues arise with payments or refunds.

How to Check and Update Your Bank Account Details:

  • Log in to myAccount on the Revenue website.
  • Go to the “Manage My Record” section.
  • Select “Bank Details” and review or update the information as needed.
  • Save the changes to ensure Revenue has your correct details.

Ensuring your own bank account is linked to your Revenue account not only secures your refunds but also ensures compliance with Revenue’s policies.