For weeks the IRS has told us: Sign up for direct deposit.
Youll get yourcoronavirus relief check faster.
The Get My Payment app lets youtrack your stimulus payment.
If the IRS doesnt have your bank account information, the feature lets you submit it.
But… theres a pretty big flaw.
What if I Closed the Bank Account the IRS Has on File?
The IRS didnt release the new feature until it had already started sending payments via direct deposit.
If you filed a 2018 or 2019 return and have since closed the bank account you provided?
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The IRS has most likely processed your payment already.
Your old bank will reject the payment, which means it goes back to the IRS.
The IRS will put you in line to receive a paper check.
The IRS will send the letter to your last known address.
And if thats changed since you filed your 2019 return?
As of this writing, there doesnt appear to be any way to update that either.
Likewise for people whose Social Security benefits are deposited to an active bank account.
And for now, the Get My Payment feature offers no relief.
If you have questions about stimulus payments, check out ourcoronavirus relief check FAQ.
Submit new questions to[email protected].
Robin Hartill is a senior editor at The Penny Hoarder and a certified financial planner.
She writes the Dear Penny personal finance advice column.
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