What If My Bank Account Closed Before Stimulus?

When a Stimulus Check is deposited into a bank account that has been closed You have little need to be concerned if, on the other hand, the account was closed; nonetheless, you should expect your payment to be delayed. As reported by the Internal Revenue Service, banks will not accept stimulus payments if they are directed to an account that has been closed.

IRS has confirmed that if it attempts to utilize direct deposit but finds that the account is closed, the bank will refuse the deposit, and the IRS will mail you a paper check to the address that it has on file for you with the Internal Revenue Service. Paper checks, on the other hand, may take several weeks longer to arrive than direct deposits.

What happens if my bank account is no longer open?

  • If the account is no longer active, the money transfer should have been denied by your financial institution.
  • It will be informed by the IRS that the payment did not go through, and it will switch to mailing you a printed check instead of attempting to deposit your monies.
  • There is a possibility that the paper check will be delivered to an address that is no longer in use by the IRS, which might be an issue if it is an old one.

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