What If Stimulus Sent To Closed Account

To inactive or closed accounts that were set up by tax prep companies to receive.

What if stimulus 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. Instead the funds will be returned to the irs and people who. The irs and the treasury department began issuing the economic impact payments last week.

Those bank account numbers are what the irs has on file for many taxpayers. What if your stimulus check was sent by direct debit. The irs has already.

If that account has been closed the bank must. The irs said checks sent to closed or inactive accounts can t by law be held by the financial institutions and redirected to consumers. An irs mistake caused millions of second stimulus payments to be sent to temporary or inactive bank accounts.

The irs has sent payments to more than 13 million bank accounts that were closed or no longer valid tax preparation. 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. 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.

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 agency inadvertently. It is very unlikely that your stimulus check will have been sent to someone else s back account but if you have a feeling that might have happened contact the irs directly through the irs2go.