Irs Stimulus Check Bank Account Closed

What if your bank account is closed.

Irs stimulus check bank account closed. If your stimulus check is deposited to an account that is closed the bank will reject the money. So after googling the where is my stimulus on the irs website i logged in and see that the stimulus check was scheduled to be deposited into an old bank account of mine that is now closed. The irs website reads if the account is closed or no longer.

According to the irs the agency is using the bank account information provided on your 2019 tax return or information you have provided to a federal agency that sends you regular benefits to send. The internal revenue service reportedly sent 600 stimulus checks to more than 13million closed or invalid bank accounts. The irs has not confirmed how many stimulus payments went to closed or invalid accounts but the agency has admitted that some checks went to the wrong destinations because of the speed at which.

Most people will see this latest round of stimulus money via direct deposit into their bank accounts. 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. As such if the irs uses the bank account details from your 2018 return to issue your stimulus you may run into a scenario where you ve since closed that account.

If the account is fully closed irs will attempt to deposit it will get rejected and then you will receive a paper check likely much later since that process from the bank and then the irs dealing with the upcoming tax season rush they deal with. If the stimulus check goes to a closed bank account the bank will reject the direct deposit request and the irs will send you a paper check to the mailing address it has on file for you. The bank says they won t except the payment and it was sent back to the irs.

Rest assured however that if. 4 which is the. The irs has already.