If you’d rather have the IRS transfer your stimulus payment into your bank account instead of mailing it to you, you still have time to set up direct deposit if you qualify for a check. For tens of millions of US residents who meet the requirements, the IRS is already depositing the first wave ofinto bank accounts.
The benefit of using electronic funds transfer? You could get the payment quicker than you would with a paper check delivered by the US mail. Those mailed checks, by the way, will begin to go out “next week,” according to US Treasury Secretary Steven Mnuchin.
Direct deposit is more convenient and secure than receiving a check in the mail, the Treasury Secretary said. Processing a paper check means you either have to upload it to your account with your banking app or make a trip to the bank.
In theory, the process of setting up direct deposit is simple, using the online web portal called Get My Payment, which you can also use to. We’ll tell you what personal information you’ll need to have on hand to make setup go smoother and explain what happens if you get an error message. Unfortunately, some people are .
How to set up direct deposit for your stimulus check
To get started with Get My Payment portal, you may need your 2019 tax return if you’ve filed, as well as your 2018 return. Because of high demand on IRS.gov, you may need to wait until it’s your turn to access the tool. If you get an error message, see the next section.
1. Head to the IRS’ Get My Payment page and tap the blue Get My Payment button to set up direct deposit for your economic impact payment.
2. On the next page about authorized use tap OK.
3. On the Get My Payment page, enter your Social Security number (SSN) or individual tax ID (ITIN), your date of birth, your street address and your ZIP or postal code.
If the IRS has your direct deposit information, you’ll see a page giving you the status of your payment. If it doesn’t and you are eligible for a check, you can enter your bank account’s routing number and account number (scroll down for how to find these numbers) to have the government send your check to your bank account.
What happens if I get an error message or the IRS doesn’t tell me my payment status?
If the screen flashes “status unknown,” “please try again later” or another message whose meaning is unclear, here is The Washington Post. CNET has also reached out to the IRS for more information.to help you puzzle out your specific situation. The IRS is reportedly aware of the issues, according to
What will the IRS need from me to set up direct deposit?
You’ll want to have at hand your bank account’s routing and account numbers. You have several ways to find this banking information.
Banking website: Your bank’s website may show your routing and account numbers. For Bank of America, for example, log into your account, select the account you want to use and then tap the Information & Services tab to see the numbers you need.
Banking app: If your bank has an app, it may show you your account and routing numbers. In the Bank of America’s BofA app, for example, tap the account you want to use and then scroll to the bottom of the app window to see your clearly labeled account and routing numbers.
Printed check: At the bottom of your check you most likely will see three sets of numbers: The first set of nine numbers is your routing number. The second set of 8 to 12 numbers is your account number. The third set — which you don’t use to set up direct deposit — is the check number.
It’s not too late to include your banking information with your tax returns if you haven’t filed yet
The IRS said if you’ve not filed a tax return for 2018 or 2019 yet, you should file as soon as you can and include your direct deposit banking information on the return. Here’s what to know about.
When will my check go out?
While you’re waiting for your check to arrive, here’s. And after you receive it, here are some ideas for . If you’re still struggling after getting the check, here’s .