ATO to notify taxpayers if bank account details are incorrect
Taxpayers will soon be notified by SMS text message from the ATO if bank account details are incorrect in their income tax returns where a refund is due.
Impacted taxpayers will be advised of the following:
- The refund cannot be processed due to incorrect bank details; and
- To contact the ATO on 13 28 61 to advise correct bank details.
If the correct bank details are provided to the ATO within 7 days, any refund due will be issued electronically.
It is strongly advisable to exercise a high degree of caution when dealing with SMS text messaging from (or purportedly from) the ATO due to an increase in recent tax fraud attempts.
Should the authenticity of any ATO correspondence be questionable, it is recommended to call the ATO to verify on 1800 008 540. Alternatively, please do not hesitate to contact our office to ask our accounting staff if you are unsure of any correspondence received.