With the largest single payday approaching, Americans can save themselves some grief by opening an account that can receive electronic payments, the IRS says.

Every year, tax refunds provide a windfall for millions of Americans. Last year, the average refund reached nearly $3,200, although the IRS has said that amount may be smaller this year because many pandemic-related benefits expired. Typically, 75% of Americans receive refunds annually.

Though the IRS can mail you a paper check, the fastest and safest way is through a free, electronic direct deposit, it says. Eight out of ten taxpayers already receive their refunds through direct deposit, but the IRS aims to get even more Americans to move this way.

“There’s no chance of it going uncashed, getting lost, stolen, or destroyed,” the IRS said, noting it’s the same electronic transfer system used to deposit nearly 98% of all Social Security and Veterans Affairs benefits into millions of accounts.

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How does direct deposit work?

If you’re using tax software to complete your return, select direct deposit as your refund method and type in the account number and routing number of your bank account.

You can find the routing number, which identifies the location of the bank’s branch, on the bottom left corner of your checks or on your bank’s website. Your account number is on the bottom right corner of your checks, or you can sign into your online banking account or call your bank branch.

If you’re using a tax preparer, tell your pro you want direct deposit.

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You can still use direct deposit even if you’re filing by paper. Just make sure you mark direct deposit on your return and include your information.

Always double-check your entry to avoid mistakes and delays. If you’ve missed a number on your account or routing number, the IRS may send you a paper check.

What if I don’t have a bank account?

Don’t worry. You have time to open a bank account. You can find one through the FDIC website or the National Credit Union Administration using their Credit Union Locator Tool. You can also ask your preparer if they have other electronic payment options that they offer.

Otherwise, you might be able to deposit your refund onto a reloadable prepaid debit card or mobile app. Many reloadable prepaid cards and mobile apps have routing and account numbers, which may be different from the card number. Check with your financial institution to make sure your card or app can receive the deposit and double-check the routing and account numbers.

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Can I split my refund into different accounts?

Yes. This can be a convenient way to manage your money by sending some of your refund to an account for immediate use and some for future savings.

You can use your tax software to do it electronically or use IRS Form 8888, Allocation of Refund if you file a paper return.

You can split your refund, in any proportion you want, and direct deposit funds in up to three different accounts with U.S. financial institutions, reloadable prepaid debit cards or mobile apps. You can also use part or all (up to $5,000 and in $50 increments) of it to buy I Bonds for yourself or someone else.

Your refund can only be deposited directly into a U.S. or U.S. affiliated account in your own name, your spouse’s name or both, if it’s a joint account. No more than three electronic refunds can be deposited into a single financial account or pre-paid debit card. Taxpayers who exceed the limit will receive an IRS notice and a paper refund.

You can also choose to split your refund between direct deposit and paper check.

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How long does it take to get your tax refund by direct deposit?

Most refunds are issued in less than 21 days for taxpayers who filed electronically and chose direct deposit.

Through the IRS "Where's My Refund" tool, you can track when the IRS received your tax return, when it approved a refund and when it issued the refund. The money should land in your account within 5 days from the date the IRS approved your refund.

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Can I track my refund?

Yes. No matter whether you choose to receive a paper check or direct deposit into a single account or three accounts, you can use the "Where’s My Refund?" feature on the IRS website or call 800-829-1954.

You can check the status of your 2022 income tax refund 24 hours after e-filing or after 6 months or more if you filed by paper. Information is updated once a day, overnight. You’ll need your Social Security or taxpayer ID number, filing status and exact refund amount on your return.

If you split your refund, "Where’s My Refund?" will include a message confirming that your refund was split but won’t specify the amount deposited into each account. It’ll tell you the estimated date of the deposits and, if the IRS adjusted the amount of your refund for math errors or other reasons, it’ll tell you the amount of the adjustment.

If you buy I Bonds with all or part of your refund and then "Where's My Refund?" confirms the IRS processed your refund and placed the order for your bonds, you can contact the Treasury Retail Securities site at 844-284-2676 to inquire about the status of your bonds.

More of your 2022 tax season questions answered

• Tax season 2023 officially started: Here are key deadlines to keep in mind

• File your taxes early for a chance to double your refund money with Jackson Hewitt

• 1099, W-4, W-2, W-9, 1040: What are these forms used for when filing your taxes?

• What are the 2022 US federal tax brackets? What are the new 2023 tax brackets? Answers here

• 2023 tax season guide for new parents: What to know about the Child Tax Credit, EITC and more

• IRS may owe you from 2020 taxes. Here's why and what you need to do to find out if you're owed

• What is OASDI tax on my paycheck? Here's why you and your employer pay this federal tax

• Do you have to report crypto on taxes? Yes. Here's what you should know about form 8949

• What is a 1098-E form? What you need to know about the student loan interest statement

• Tax season 2023: What exactly is the mileage rate? There's more than one.

• Is it better to pay someone to do your taxes or do them yourself? We'll help you decide.

• What is income tax? What to know about how it works, different types and more

• Is Social Security income taxable by the IRS? Here's what you might owe on your benefits

• Companies can deduct full cost of business meals on 2022 tax returns

• Who has to file a tax return: It's not necessary for everyone. Here are the rules.

• What is capital gains tax in simple terms? A guide to 2023 rates, long-term vs. short-term

Medora Lee is a money, markets and personal finance reporter at USA TODAY. You can reach her at [email protected] and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday morning.

This article originally appeared on USA TODAY: 2023 tax refunds: IRS says best way to get them is via direct deposit