I updated my direct deposit info for my 2nd stimulus, will you use the same information for my 3rd stimulus

[Chelle86]

My deposit date was 3/17 and it changed on Saturday to 3/24 so I know it’s the second attempt my original account that’s closed rejected it now they are going to try the turbo tax portal info I provided for the 2nd check so I’ll keep you all updated even though I see no change in account number I know they are not actually trying the same account it’s info that is not in they system it’s from turbo tax so the irs site can’t technically change what they system says as far as the account number is concerned 

[chadus83]

The trouble is when I try to log into the IRS website they are asking me to re verify my account.

so I tried to do that and because I don't have a credit card or a loan account of some kind they can't identify me.

so even if I wanted to update my information it wont even let me.

[chadus83]

Well maybe if mine doesn't reject maybe they just sent it to the updated account. lol who knows.

I am Using Paypal Cash Card so apprently it can take a few days more to show on the account. ill keep everyone updated.

[tayalva]

well here is what's funny. Mine still saying depositing on the 17th in to the old account (I had updated my bank info for the 2nd stimulus). When logging into the get my payment thingy on the IRS website, it requires you to enter in your address for verification. If they still had my 2019 tax return info, it would require the old address (I moved in addition to changing banks) as verification. But it doesn't, entering in my new address works, but it shows the old account. So they got some sort of updated address from turbo tax, but decided to use the old bank account instead of the new one they already received...typical government lol. I'll wait hopefully for them to try again in the account I gave turbo tax before...but we'll see. at least they have my new address if they want to mail it out? who knows

[tayalva]

honestly though..I think the email was a bit confusing. basically said if you updated info in the turbo tax portal for the 2nd one, the IRS has your info and it will be deposited there. But then it says, if the IRS has the old account, it will use the one turbo tax gave them. well I'm no genius but, if the IRS has the new account from turbo tax, why would they try the old one still? and if the old one fails, and then they try the new one, why the hell wouldn't they just use the updated one they already have to begin with?

I'm not crazy right?

[chadus83]

Ha Ha Ha, If a computer is programed to do it then it wouldn't surprise. common sense would suggest that the money would just go straight into the updated banking information if turbo tax is working so closely along side them then you would think right.

[MaryM428]

The bank account information in Get My Payment came from one of the following sources:

• Your 2020 tax return
• Your 2019 tax return if your 2020 return was not processed when the IRS started issuing payments
• Information you entered on your non-filer registration in 2020
• Information you entered on Get My Payment in 2020
• A federal agency that provides you benefits: This may include the Social Security Administration, Veteran Affairs, or the Railroad Retirement Board.

If your bank information is invalid or the account has been closed, the bank will return your payment to the IRS and the IRS will mail it to you by check at the address they have on file.

[tayalva]

@MaryM428 sooooo the TurboTax email that was sent out is completely wrong?

[chadus83]

No that's just Turbo tax copy and paste people. notice it was already posted above.

[chadus83]

UPDATE: New Deposit Date

Still shows old account details though so hopefully its just because its showing the on record details.

they sceduled it to be deposited on friday 26th

[ThomasM125]

TurboTax has no control over what the IRS does with regard to stimulus payments. They are supposed to use the deposit information you submit, but they have been known to deposit payments to the account listed on 2019 tax returns even though newer information has been reported to them. If that happens and the old account is no longer valid, the IRS will mail a check to you.

[chadus83]

I Disagree because on the 2ND Stimulus they sent my payment to my old account, turbo tax contacted me asking to update my banking information because it was returned. so I updated my payment through the portal and yes you guessed correctly it went into my updated banking.

I have a good feeling its going to go into my updated account now. it will still show the old banking information on the IRS website because that was based on the tax return information. the system will still just show that

[Critter-3]

Listen up peeps ... if you used the refund processing service last year on the 2019 return and the IRS sent the second stimulus payment to the processing bank however your bank account or debit card was no longer working the PROCESSING BANK NOT TT  had a portal where you could update your direct deposit info so the processing bank could send the stimulus money to you instead of sending it back to the IRS. 

For those who responded to that email then the processing bank has your updated information NOT the IRS ... hopefully when the IRS sends the third stimulus payment to the processing bank they can correctly forward the money to the correct account.   

At no time did TT or the IRS have anything to do with that bank  portal and the IRS clearly states that the DD info cannot EVER be changed with them for any reason ...Per the IRS: 

I expected a direct deposit of my payment. Why are you mailing it to me? (updated February 10, 2021)

Your payment may have been sent by mail because the bank rejected the deposit. This could happen because the bank information was invalid or the bank account has been closed.

Note: You can’t change your bank information already on file with the IRS for your first or second Economic Impact Payment. Don’t call the IRS, our phone assistors won’t be able to change your bank information, either.

[chadus83]

Ok so why does it say online that Turbo Tax are working closely with the IRS to make sure the direct deposits are getting to the correct accounts?

Secondly why would turbo tax send out a email to all those who previously updated their banking information on the 2ns stimulus that on the 3rd stimulus if the IRS Send it to your bank and its closed or invalid it would use your updated banking information?

[Critter-3]

TT has nothing to do with any refund directly ever ... the IRS, TT and the processing bank are 3 totally separate entities and each have separate responsibilities.   

So it is the processing bank that needs to be educating you... look at the processing bank's web site for more info : https://www.sbtpg.com/coronavirus-stimulus-payment-info/