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Critter
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

ATTENTION ALL WHO HAVE A TT VISA DEBIT CARD ....

 

The tax refund got to the card one of 2 ways ... either you already had the card in your possession and had the refund go from the IRS to that card directly ... in this case the IRS has the routing/bank numbers to the card for the stimulus check ... you are fine.

 

BUT ... if you had the refund go to a third party processing bank to have the TT fees withheld from the fed refund and THEN the balance was sent to your personal bank account or debit card or newly issued TT card there is still a question as to how the  stimulus check will be handled.  NORMALLY the temporary account at the processing bank is CLOSED once the transfer happens.  But things are not normal now ...  so it is unknown if the IRS & processing banks can coordinate the stimulus deposits.  If they cannot then the stimulus checks will either be mailed   UNLESS  the IRS gets the mentioned portal open so taxpayers can update their DD info.   

 

Worse that can happen is a check is mailed to the address on the last filed tax return ... if your address is not current then mail in a form 8822 NOW.

 

Critter
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

SkyeLeigh1997
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

TurboTax cards do fall under the category of direct deposit. My roommate has used the card, and when the IRS deposited his federal refund it states in your transaction history that it’s DD (direct deposit). Also if you go to your 2019 return, and click “download PDF”, your return statement will pop up and you’ll see your TurboTax cards routing number and account number listed in the direct deposit boxes.

 

Our TurboTax cards ARE technically through a bank, just not a commercial bank like FirstMerit or Chase.

 

If you decided to use the TurboTax card, the IRS does indeed have that direct deposit information in their system. We will be fine.

Astridzinger
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's awesome! I just wish I could get a confirmation from the company itself! 

That wasn't toward you but them. 

 

Thanks for the info! 

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

Read past posts on this thread. The DD number on your return is not the same as the turbocard. The IRS deposits money into the sbtpg bank to take out the filing fees then sbtpg sends the money to your card. The IRS does not have your card DD information. 

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

Correct

Jennydj9
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

Me too i hope so too thank u

Phyllis44
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

My paycheck goes on the same card. I have called them already they t ok old me that it will be opened back up just for that purpose.

cholt170
Returning Member

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

Bashy424
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

Yea

kraal
Level 4

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

the DD info on your return does indeed match your card and if you use direct deposit for your paycheck you will see it matches. The IRS has the information from your tax forms so I would assume that this is the banking number it will get. The other agreement is allowing the third party bank to act on your behalf BEFORE the direct deposit is done however at this point that agreement does not exist the IRS will get its info from your tax filling aka your form info

Critter
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

 
Critter
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

This has been my point the entire time .... it depends on what method you used ...

 

Method 1 ... the tax refund went from the IRS directly to the card just like a paycheck would. Debit cards can get direct deposits and reloads. (your card's DD info is on your return)

 

Method 2 ... you had the refund sent to a third party processing bank so you can have the TT fees paid and the balance sent to the card.   When you choose this option a TEMPORARY (one time use) account number is issued for this purpose only  (this temp account  number is  on your return and NOT the debit card info) and this temp account is automatically closed once it performs the task it was meant for.   This is the situation that is under consideration ... will/can  the temp account the IRS has on file be reactivated in time for the stimulus check? 

 

The IRS has posted they are working on a way for taxpayers to update DD info ... if this will work is still TBD.

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

 

Answers to this and other processing bank questions is still TBD. https://www.sbtpg.com/coronavirus-stimulus-payment-info/

Frankliza1
New Member

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

Will my stimulus deposit go on my turbo card

Irene2805
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

As Critter has explained above, Santa Barbara TPG is currently working with the IRS to determine how the stimulus payments will be issued. They will post updates on their web page:  CARES Act Update

 

 

@Frankliza1  Yes.  See Method 1 under Critter's explanation above.

 

 

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