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8888 Split Direct Deposit of RefundForm is usually used to allocate a refund to up to three different accounts. It is typically used by taxpayers who are married filing jointly. What is the. Select Form - You will have the option to specify a deposit amount into as many as three different accounts and, if desired, allocate. Use Form to directly deposit your refund (or part of it) to one or more accounts at a bank or other financial institution (such as a mutual fund, brokerage firm, or credit union) in the United States. This form can also be used to buy up to $5, in paper series I savings bonds with your refund.