Irs Stimulus Payment Sent To Closed Account

The irs will mail your payment to the address they have on file for you.

Irs stimulus payment sent to closed account. I called the bank and they said that it s in a sort of limbo and that i should still receive the funds minus the small overdraft i had to the account but i ll have to manually remove the funds as cash and i can then open a new account with them. The place my last stimulus check was sent is a bank that was over drafted a few dollars for over 30 days so they closed out my account. In the first round of checks to americans if a bank rejected.

The bank says they won t except the payment and it was sent back to the irs. The irs says stimulus checks sent to accounts that were closed or are no longer active must by law be returned to the tax agency. 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 announced yesterday that due to the speed at which they issued this second round of payments they sent some payments to an account that may be closed or no longer active the tax prep. If the bank rejects the deposit because the bank information is invalid or the bank account has been closed. 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.

The financial institutions can t hold and reissue. The irs said that direct deposit payments would take several days to post to individual accounts but funds were largely available on monday. That means that if you have a new bank account and didn t previously update your information with the irs you won t get your payment.

More taxpayers report irs stimulus payments being sent to wrong bank accounts.