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If the second stimulus payment goes to a closed or an inactive account the bank will reject the direct deposit request.
Stimulus check direct deposit account closed. 15 is the cutoff date congress set in the december stimulus bill when the irs and us treasury must stop sending new stimulus checks through direct deposit and the mail. The irs says stimulus checks sent to accounts that were closed or are no longer active must by law be returned to the tax agency. 4 which is the.
The financial institutions can t hold and reissue. Houston congress has approved another round of direct payments to americans as part of the new coronavirus relief bill. When your stimulus lands in a closed account the fact that americans are receiving stimulus cash via direct deposit is a good thing it means they get their money sooner.
The irs has already. My bank account was closed and i have direct deposit what happens now with my refund. According to the irs the scheduled payment date is jan.
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. I appreciate all the security measures you have put into place its going make it that much harder for people that make it a practice to steal from people that work. Checks for 600 started arriving in some bank accounts via direct.
Most people will see this latest round of stimulus money via direct deposit into their bank accounts.
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