- Is There Anything You Can Do If Your Bank Account Is Closed?
- If your stimulus cheque is placed into an account that has been closed, the money will be rejected by the financial institution.
- ″If the account has been closed or is no longer active, the bank will reject the deposit and you will be given a check, which will be mailed to the address we have on file for you,″ according to the IRS website.
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 stimulus check doesn’t go through?
- Rest assured, however, that if your stimulus money are transferred to an account that is no longer active, your bank will refuse to process the transfer.
- When the IRS receives notification that your payment did not go through, it will give you a paper check for the amount you owe instead.
- Due to this, you will need to double-check that the postal address the IRS has on file for you is accurate.