Tax Year Prior to 2020: If we filed with TurboTax, does the IRS have our bank information to have the stimulus direct deposited? Will we me the mailed recipients of the check?

[Irenemallot28]

[removed]

This is the email i recieved when i call them last night. 

[Critter]

Some say yes and some say no ... either way until the IRS does something there is NOTHING you can do no matter what answers are on this forum.

OK everyone ... There is NOTHING anyone can do right now to speed up your stimulus payment ... the IRS has millions of payments to issue and the next 2 weeks will be devoted to  DD payments only ... then starting 4/24 the checks will start going out along with more DD as info is sent in and people file returns.  Until you have an idea of where you stand you do not know what steps you need to take ... patience will be needed until the IRS portal is functional.

https://www.irs.gov/coronavirus/economic-impact-payments

To help everyone check on the status of their payments, the IRS is building a second new tool expected to be available for use by April 17. Get My Payment will provide people with the status of their payment, including the date their payment is scheduled to be deposited into their bank account or mailed to them.

An additional feature on Get My Payment will allow eligible people a chance to provide their bank account information so they can receive their payment more quickly rather than waiting for a paper check. This feature will be unavailable if the Economic Impact Payment has already been scheduled for delivery.

[Jaylon717]

I did my taxes through turbo tax and has not recevied my taxes yes

[Jhaynes88]

I was told earlier today by a turbotax employee that if we have a turbotax card we will get a paper check for our stimulus. Your employees are confusing everyone I need a straight answer

[Critter]

There are no straight answers ... only the IRS knows and they are not telling until Friday if the portal works and is not crashed by a crush of people looking for the money.  Patience will be needed ... see my other answer. 

[Maurkita33]

Same issue here im lost at this point

[ArianaElizabeth17]

Did they get an advance and do they have the Turbo Card??

[Jeremyg1]

No you wont you will recieve a paper check

[Jessica10211979]

Im so so frustrated to as well ... No one gives a complete answer about anything....i need to no what to do immediately

[RomeyB]

You need to pull up your tax forms the 1040. On the second page it will show either your bank account and routing information or it will be filled in with X’s. I had turbo tax fees deducted and Santa Barbara sent me my refund afterwards but I already have my stimulus check pending in my bank account and being deposited in the 15th. So yes as long as your info is on the 1040 you will get the stimulus check direct deposited.

[RBBrittain]

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@Jeremyg1 wrote:

No you wont you will recieve a paper check

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No one can say that with 100% certainty except the IRS, and they're not talking; that's why even TurboTax phone reps are giving conflicting answers. It is (I stress this) MY belief that the ONLY TurboTax customers who will get paper stimulus checks are those whose 2018 or 2019 return either (a) showed they owed money or (b) elected a paper refund check; everyone else, including those with Turbo Cards who had fees or advances deducted from their refund by SBTPG, *should* get a direct deposit. But as @Critter has posted several times, NO ONE will know for certain till either (a) the stimulus hits your account or (b) Friday arrives and you can look it up on the IRS "Get My Payment" portal.

[JohnA-NJ]

The dissapointing part about this is that TurboTax staff should be able to definitively tell those of us who (unfortunately) processed through  SBTPG how this will transpire. Not “when”, that’s up to the US Treasury and beyond their control. But “how” is 100% the domain of TurboTax and their partners at SBTPG. (I’m speaking about bank deposits, not debit cards.)

[JohnA-NJ]

@RomeyB  The problem is, we don’t know that the info on the 1040 is what was ultimately  transmitted to the IRS.  There was probably a switcharoo that happened to facilitate the SBTPG processing. That said, the fact that you have a pending deposit is fantastic news and a definite sign of hope! Can you tell if it’s from the US Treasury, or is it being routed through SBTPG?

[DaveF1006]

SBTPG has nothing to do with your stimulus check. If you have your bank account information listed on your return, this is where it will be deposited.

[Lintax]

I did a lot of research and I hope this helps: 

Everyone is concerned by the post from SBBT that states they have no affiliation with direct deposit of irs payments nor would any stimulus payments be issued to cards they themselves issued. From what I gather, these statements do not effect the turbo card/ green dot service many used this year, which includes those who opted for refund advances. None of these were issued by Santa Barbara Bank and Trust. SBBT is used by TurboTax, FreeTax USA, and other tax services to collect fees only (such as filing fees, add on services, etc...)  In other words, they are the bank that Turbo tax etc uses for themselves, not the consumer. According to the tax return paperwork, this is how our actual payment received breaks down:

“We're going to disclose the tax information described from your 2019 tax return to First Century Bank (the lender), BorrowWorks (the lender service provider) and Green Dot Bank (the issuer of the card) to process your Refund Advance loan, administer and communicate with you regarding the loan program, and to issue and manage a Turbo® Visa® Debit Card account for you.”

So the IRS has the Green Dot Bank on file, with an actual routing number and account number. Hence the reason it can be used for social security payments and direct deposit from an employer. This SHOULD mean the IRS will directly deposit via these means. However only time will actually tell...