In order to deliver money as quickly as possible to those who need it, the IRS is sending stimulus payments to eligible taxpayers who filed a tax return in either 2019 or 2018 and chose to receive their refund via direct deposit into their checking account. These taxpayers will automatically have their stimulus payment deposited into the account they received their refund.
We have not yet received confirmation from the IRS on whether they will be putting stimulus payments on prepaid debit cards. However, we have noticed that the IRS has started depositing stimulus payments on some prepaid debit cards for taxpayers that chose to receive their refund through that method in tax year 2019 or 2018. If you received your refund on a prepaid debit card in tax year 2019 or 2018, here is what you need to know:
- I have access to my debit card: If you have access to your debit card (most people), there is nothing more you need to do. If the IRS deposits a stimulus payment onto your prepaid debit card, you will be able to immediately use the stimulus funds upon deposit.
- I don’t have access to my debit card: If you received a notification that you will be receiving your stimulus payment from the IRS on your prepaid debit card and no longer have access to it, we will have information coming shortly. We encourage you to visit this site, where we are continually updating with the latest information and guidance. We know everyone is anxious to get their stimulus money and we are committed to helping our customers get access to their stimulus payment as fast as possible.
Please view this IRS link and use the Get Your Payment application, available mid-April, to check the status of your stimulus payment.
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It is a shame that Turbo Tax cannot adequately work with their 3rd Party, Outsourced vendor Green Dot/Santa Barbara to get his straightened out. There is a banking and routing number associated with the card on our returns. This shouldn’t be adequate to issue a refund, I would imagine. Shame on Turbo Tax...you’re the only ones partnered with the IRS to get money to people faster and you can’t even guarantee people who signed up for ‘YOUR’ card can get their money faster.
I’ll say this...there will be WAY less people opting for the debit card tax return near year because of this. So you’ve screwed your customers, yourselves, and Green Dot/Santa Barbara in on fell swoop! 👎🏻👎🏻👎🏻