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New Member
posted Jul 17, 2021 2:51:08 PM

How do i change my direct deposit

My old account is closed so i need to change it so o can start getting my $250 a every month for my son

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3 Replies
Level 15
Jul 17, 2021 2:56:46 PM

Sometime in August the IRS will open a portal so you can change banking information for the monthly CTC payments.  That portal does not work yet.

 

https://www.irs.gov/credits-deductions/advance-child-tax-credit-payments-in-2021

New Member
Jul 17, 2021 3:08:03 PM

Please i need to change my account 

Level 15
Jul 17, 2021 3:11:58 PM

Until that portal is open any DD the IRS sends that is rejected by the bank for any reason will be converted to a paper check mailed to the address on the last filed processed return.  

 

Sometime in August the IRS will open a portal so you can change banking information for the monthly CTC payments.  That portal does not work yet.

 

https://www.irs.gov/credits-deductions/advance-child-tax-credit-payments-in-2021