I updated my direct deposit info with turbo tax and still have not received my second stimulus? It says wait five days but whats the hold up?

If the IRS did timely deposit your funds, they should have arrived .Please check with your bank to see if they are holding your funds.

 

If for some reason you do not receive your stimulus, you can have it added to your refund. The IRS does not begin accepting returns until February 12 so all stimulus should have been received by then.

 

Please wait until you are certain there is no second payment, on or after February 12, then you can follow these steps, if necessary. 

• After you have entered your tax information and are ready for the Federal Review, stimulus will be the first question.
• If you are trying to trigger it: 
  1. go to Other Situations
  2. click Done. 
  3. The next question will ask about payments received.
• The program will determine the missing amount and add it to your refund.

 

Please see: Is My Second Stimulus Check on the way? and the IRS stimulus website.