Yes, you can electronically direct your refund to one, two or three separate accounts at your discretion. This change gives you more convenience, flexibility and options in managing your finances.

You can designate a direct deposit to one account directly on the Form 1040 series of forms or you can use Form 8888 Direct Deposit of Refund to More Than One Account, to split your refund among two or three different accounts.

Source: www.irs.gov