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He man
Level 2

COVID Stimulus Payment:(Please allow people who used Turbocard to change our Payment method to avoid having our stimulus payments delayed by having to receive it by mailed check

If you go to irs website . 
it states in the next two weeks they will have an online system for you to give the irs bank routing info for your deposits .... just chill people .

CassLO
Expert Alumni

COVID Stimulus Payment:(Please allow people who used Turbocard to change our Payment method to avoid having our stimulus payments delayed by having to receive it by mailed check

Please see the information from the IRS below, regarding the stimulus checks:

Economic impact payments: What you need to know

 

Check for updates here: Coronavirus Tax Relief

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kboyer06
Level 2

COVID Stimulus Payment:(Please allow people who used Turbocard to change our Payment method to avoid having our stimulus payments delayed by having to receive it by mailed check

Me too but I still haven't even gotten my Federal refund. And it's been over three weeks! 

CassLO
Expert Alumni

COVID Stimulus Payment:(Please allow people who used Turbocard to change our Payment method to avoid having our stimulus payments delayed by having to receive it by mailed check

@kboyer06 The IRS issues most refunds in about 21 days, although some returns take more time to review. The IRS is running on a limited staff right now also.

If your return shows processing on the Where's My Refund? site, during this time, the government reviews your refund. During the review process, they look for math errors on your return (extremely rare in TurboTax) and they also check if you owe back taxes, unpaid child support, or other debts. 

If they need to make any corrections, they may offset (reduce) your refund. In some cases, the correction might even increase your refund.

Once that part's done, the government approves your refund, which means it's ready to be deposited or sent.  At that point the IRS site will update with a direct deposit date. 

The general timeline of e-filed returns is: Transmission > Acceptance > Processing > Approval > Refund.

Continue to monitor your refund on the IRS Where’s My Federal Refund? site for updates. Updates are made daily, usually overnight. You may also download the IRS2Go app to check your Federal refund status.

Please see the links below for more information:

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Flamikep
Level 2

COVID Stimulus Payment:(Please allow people who used Turbocard to change our Payment method to avoid having our stimulus payments delayed by having to receive it by mailed check

What is the Santa Barbara Bank doing about getting our stimulus on the Turbocard ? Some actual answers would be nice. 

CassLO
Expert Alumni

COVID Stimulus Payment:(Please allow people who used Turbocard to change our Payment method to avoid having our stimulus payments delayed by having to receive it by mailed check

@Flamikep 

We are still waiting for IRS guidance regarding the direct deposit information for the stimulus payments. We will have more information once the government finalizes the details.

In the meantime, please see the information from the IRS below, regarding the stimulus checks:

Economic impact payments: What you need to know

Note: If you go to IRS website, it states in the next two weeks, they will have an online system for you to give the irs bank routing info for your deposits. "He man"

 

Please check for updates here: Coronavirus Tax Relief

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**Mark the post that answers your question by clicking on "Mark as Best Answer"
Stinkerbellkity
Level 7

COVID Stimulus Payment:(Please allow people who used Turbocard to change our Payment method to avoid having our stimulus payments delayed by having to receive it by mailed check

There was already an answer posted about this.  This bank, along with other major IRS depository banks, is in discussions with the IRS about how the IRS wants to handle stimulus checks when individual account information was not available on a tax return. The IRS web site indicates they may provide a special portal for people to enter bank information and I'm sure the banks are part of that development process.  More information will be provided on the IRS web site as soon as available.

Flamikep
Level 2

COVID Stimulus Payment:(Please allow people who used Turbocard to change our Payment method to avoid having our stimulus payments delayed by having to receive it by mailed check

That is just a deferment. I wasn't looking for a excuse. I was asking if there are any real answers. What does "the bank and the IRS are talking to each other" have to do with my question ? Direct deposit isn't a high tech action. It is a simple thing that happens thousands of times a day. The fact there the is no real answer is the issue. I'm looking for answers from the company I purchased a service from. They have no problem taking money out of my account every month so a question of direct deposit shouldn't be followed with a deferment to the IRS or an excuse involving something that might happen. I thought I was paying into a company that would have actual answers to questions, not excuses. 

Opus 17
Level 15

COVID Stimulus Payment:(Please allow people who used Turbocard to change our Payment method to avoid having our stimulus payments delayed by having to receive it by mailed check


@Flamikep wrote:

I'm looking for answers from the company I purchased a service from. 


You paid for tax preparation, you didn't pay for financial management services to cover emergency disaster stimulus payments. 

 

Look, let me get a bit legalistic, ok?  In order to receive your refund on a Turbo brand debit card, or pay your fees from your refund, or both, you must make a number of specific legal agreements (contracts) between yourself, the IRS, Turbotax and the processing company SBTPG.

  • You give the IRS permission to deposit your refund into a bank account that is in your name, but not under your control (the temporary account opened for you by SBTPG).
  • You give SBTPG permission to open a bank account in your name (which in some cases requires filing paperwork with the government under the Patriot Act).
  • You give SBTPG permission to deduct any fees, and transfer your money to the Turbo card.
  • Then you give SBTPG permission to close the temporary account  (which in some cases requires filing paperwork with the government under the Patriot Act).
  • You give Intuit permission to forward certain personally identifying information (that is normally protected by taxpayer privacy laws) to SBTPG to make all this happen; such as your name, address, SSN, and amount of refund.

All of these permissions are applicable to the tax return you filed this year only.  They don't carry over to future tax years, and they certainly don't carry over to emergency government payments that were not even imagined when the contracts and permissions were asked for.

 

So the bottom line is that, while is would be technically easy to repeat the process for the stimulus payments, it may be illegal.  You never gave the IRS permission to send a stimulus payment to SBTPG in your name, and you never gave SBTPG permission to open a temporary account, receive the money, transfer it, and close the account.

 

Suppose the IRS decides to waive all the regulations and privacy laws and says "everyone gets their stimulus by the same method they got their refund."

  • What if some taxpayers want a check and not a money card?  How do they opt out?
  • What about people who have lost their money cards, or changed their address since getting their tax refunds?
  • How does SBTPG get compensated for providing this service?  They have a contract with Intuit regarding refunds, but who will pay them over the stimulus?  Or should their employees work for free for the sake of the emergency?

Or suppose the IRS says, "if you want your stimulus on the same money card as your refund, go to this web site and click "I accept" to the new terms of service."  That web site could not possibly exist at this point since no one predicted it would be needed.

 

I'm not saying it can't or won't happen.  Maybe it will.  I'm saying that it may be unreasonable to expect these complicated issues to all be worked out less than 2 business days after the stimulus law was signed.  And if the IRS decides not to involve SBTPG and the tax preparers (perhaps due to the privacy laws I mentioned above) there is nothing Intuit can do about it.  

*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*
Stinkerbellkity
Level 7

COVID Stimulus Payment:(Please allow people who used Turbocard to change our Payment method to avoid having our stimulus payments delayed by having to receive it by mailed check

We have what information the IRS gives us, just like all tax software companies.  This bank is just one of many major banks approved by the IRS to receive federal tax refund deposits and they are all involved equally in helping the IRS figure this out.  There are federal laws involving the use of your banking information so technical abilities are only part of the equation.  Keeping your information secure is one aspect of the decisions. IRS and bank personnel availability is anther big issue.The IRS is also required to provide information equally to all software companies.  You will, therefore, receive only the information they choose to share with all of us. We have no "secret" access to what' going on, nor is there any reason for us to have "secret" information since no part of the conversation depends on or involves us or any other software company.  We will simply do anything the IRS requires us to do, should they decide they need us to do anything at all.

Flamikep
Level 2

COVID Stimulus Payment:(Please allow people who used Turbocard to change our Payment method to avoid having our stimulus payments delayed by having to receive it by mailed check

I'm glad through all the BS you decided to answer my question. If the account that the SBB opened to receive the funds from the IRS then take out the fees was closed after the process then the IRS will not be able to deposit it on turbocard. To remove all this confusion it would be much easier to tell your customers that have opted to use the turbocard for their refund that their stimulus will not be deposited on it for the above reason. 

Sunshine011
Level 1

COVID Stimulus Payment:(Please allow people who used Turbocard to change our Payment method to avoid having our stimulus payments delayed by having to receive it by mailed check

i used the prepaid card cause i didn't wnt bank info online but once i use all my money i toss the card so will my stimulas check be put on a card i don't have or will i receive a paper check  the treasure said that if your taxes was put on a prepaid card you will receive a paper check is this true

Opus 17
Level 15

COVID Stimulus Payment:(Please allow people who used Turbocard to change our Payment method to avoid having our stimulus payments delayed by having to receive it by mailed check


@Flamikep wrote:

I'm glad through all the BS you decided to answer my question. If the account that the SBB opened to receive the funds from the IRS then take out the fees was closed after the process then the IRS will not be able to deposit it on turbocard. To remove all this confusion it would be much easier to tell your customers that have opted to use the turbocard for their refund that their stimulus will not be deposited on it for the above reason. 


You're still not getting it.  SBTPG still has the necessary information so that they could reopen that account, provided the IRS cooperated, and was legally willing.  The issue is not whether or not it is technically possible for the US Treasury and the banks to talk to each other to make it happen, the question is should they, and will they, and how will they address the hurdles, legal issues, and other challenges.

*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*
Opus 17
Level 15

COVID Stimulus Payment:(Please allow people who used Turbocard to change our Payment method to avoid having our stimulus payments delayed by having to receive it by mailed check


@Sunshine011 wrote:

i used the prepaid card cause i didn't wnt bank info online but once i use all my money i toss the card so will my stimulas check be put on a card i don't have or will i receive a paper check  the treasure said that if your taxes was put on a prepaid card you will receive a paper check is this true


The IRS now says this, as of 5pm yesterday:

 

The IRS does not have my direct deposit information. What can I do?

In the coming weeks, Treasury plans to develop a web-based portal for individuals to provide their banking information to the IRS online, so that individuals can receive payments immediately as opposed to checks in the mail.

 

https://www.irs.gov/newsroom/economic-impact-payments-what-you-need-to-know

*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*
Flamikep
Level 2

COVID Stimulus Payment:(Please allow people who used Turbocard to change our Payment method to avoid having our stimulus payments delayed by having to receive it by mailed check

Your forgetting one thing also. My permission to do said reopening and transferring of funds. How would they manage getting everyone's permission. Why not just say no stimulus on these cards and eliminate all the hassle and questions that people with these cards have. 

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