What If My Stimulus Went To A Closed Bank Account

However paper checks may take weeks longer to arrive than direct deposits.

What if my stimulus went to a closed bank account. The irs has sent payments to more than 13 million bank accounts that were closed or. 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. If you ve closed the bank account that the irs had on file from your last tax return your bank will send it back to the irs.

If your stimulus check is deposited to an account that is closed the bank will reject the money. Closed bank account stimulus check deposits the irs has confirmed that if it attempts to use direct deposit but an account is closed the bank will reject the deposit and the irs will mail you a paper check with the address it has on file for you. That means if you re due to receive a check but you have recently changed banks or closed an account you may need to claim your check on your 2020 tax return as a recovery rebate credit.

Rest assured however that if. Then the internal revenue service will look at the mailing. But you could be waiting a lot longer as a result.

Here s what will happen. 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. If you ve closed the bank account.

The irs has reopened its get my payment tool which tells users when stimulus payments went out and. 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. The irs website reads if the account is closed or no longer active the bank will reject the.

According to the internal revenue service if a stimulus payment goes to an account that is closed the bank will reject the money.