Welcome to our blog post on how to change your banking details on eFiling. This process is essential for anyone who wants to receive their tax refunds or pay their taxes online. Changing your banking details on eFiling is a straightforward process that can be easily completed if you follow the right steps. In this guide, we will show you how to do it.
Step-by-Step Guide on How to Change Your Banking Details on eFiling
Step 1: Log in to Your eFiling Account
The first step is to log in to your eFiling account by entering your username and password on the eFiling website. Once you have logged in, navigate to the 'SARS Registered Details' tab on the left side of the screen.
Step 2: Select the Bank Details Section
Under the 'SARS Registered Details' tab, select the 'Bank Details' section. This will take you to a page where you can view your current banking details.
On the bank details page, locate the 'Edit' button on the right-hand side of the screen and click on it. You will be redirected to a page where you can edit your banking details.
Step 4: Update Your Banking Details
On the edit page, enter your new banking details in the relevant fields. Make sure that the details you enter are correct to avoid any delays in receiving your tax refunds. Once you have entered your new banking details, click on the 'Save' button to update your details.
Step 5: Verify Your Banking Details
After updating your banking details, you will need to verify them to make sure that they are correct. To do this, click on the 'Verify Bank Account' button on the right-hand side of the screen. Follow the prompts to verify your new banking details.
Things to Keep in Mind
While changing your banking details on eFiling is a simple process, there are a few things that you should keep in mind:
- Make sure that your new banking details are correct: Entering incorrect banking details can delay your tax refunds or result in your payments not going through. Make sure that you double-check your new banking details before saving them on eFiling.
- Verify your new banking details: Verifying your new banking details is essential to ensure that your payments are accepted and that your tax refunds are processed promptly. Follow the prompts to verify your banking details after updating them.
- Update your banking details as soon as possible: If you have changed bank accounts or other banking details, it is essential to update them on eFiling as soon as possible to avoid any delays in receiving your tax refunds or payments.
Changing your banking details on eFiling is an essential task that every taxpayer should complete if there are any updates or changes to their banking information. This guide has shown you how to do it in a few easy steps. Remember to keep your banking details up to date to ensure that your tax refunds are processed promptly and that your payments go through without any issues.