How To Get Stimulus Check If Bank Account Closed

According to the irs the scheduled payment date is jan.

How to get stimulus check if bank account closed. Most people will see this latest round of stimulus money via direct deposit into their bank accounts. 4 which is the. In an answer to a customer on a faq page about the latest checks a turbotax representative explained that if a person s bank information is incorrect or the account has been closed the bank.

However in a post covid post stimulus check world i could see banks changing their policies on how they handle situations like this to try and avoid having to return the. I know that at our bank before stimulus checks any funds that the bank received via ach that tried to be applied to a closed block account would either be returned back to the sender when account was closed or would end up in a sub ledger under the branch where the account was located when account was blocked. The irs and tax industry partners are taking immediate steps to redirect stimulus payments to the correct account for those affected the agency said in a statement.

Eventually but not quickly. The irs has already. The latest round of 600 stimulus checks is on the way but for people who either changed their bank account information or moved recently the next payment may be delayed.

First the irs will try to send it to the bank account. Eventually the irs will print a. Then the bank will see that the account is closed and send it back to the irs.

Rest assured however that if your stimulus goes to an account that s no longer open your bank will reject the transfer of funds.