What Happens If My Stimulus Check Went To A Closed Bank Account
When a stimulus check goes to a closed bank account if on the other hand the account was closed you have little reason to worry though your payment will be delayed.
What happens if my stimulus check went to a closed bank account. If the account is closed or no longer active the bank will reject the deposit and you will be issued a check that will be mailed to the address we have on file for you. According to the internal. If your stimulus check is deposited to an account that is closed the bank will reject the money.
This is generally the. Then the irs will begin processing a paper check for you but you could be in for a long wait particularly if your income was close to the maximum eligibility threshold on your 2018 or 2019 tax return. 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.
The irs website reads if the account is closed or no longer active the bank will reject the. 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. Rest assured however that if.