My Stimulus Payment Went To A Closed Bank Account

The irs website reads if the account is closed or no longer.

My stimulus payment went to a closed bank account. 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. The irs sent millions of stimulus payments to the wrong bank accounts accounts that are no longer open or valid because that s the information it had on file from a number of big name tax. 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.

If the account is closed or no longer active. However paper checks may take weeks longer to arrive than direct deposits. The irs has now added a stimulus payment faq page on its website.

But some people who have used the tool. If the bank account that your stimulus payment is sent to is closed or. H r block jackson hewitt and turbotax have issued statements informing their.

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. One of the questions addresses the issue of the deposits going to a closed account. The irs and the treasury department began issuing the economic impact payments last week.

If any of these situations applies to you your stimulus payment isn t simply lost. The irs has reopened its get my payment tool which tells users when stimulus payments went out and whether they were sent by direct deposit or paper check. If your stimulus check is deposited to an account that is closed the bank will reject the money.

It just complicates the process a little.