It depends. If you see scheduled to be deposited, then it indicates that it has not yet been deposited and is still being prepared for deposit. If you know the bank account is correct it's a waiting game right now.
The IRS should use the information on your 2020 tax return. If the bank account is incorrect, and if the IRS sends the payment for deposit, the bank will return it at which time the IRS will convert it to a paper check. This does take time.
This year has brought challenges. The IRS is required to reconcile the tax returns and stimulus payments as well as working on the third stimulus payments due to the American Rescue Plan Act (ARPA). With the tax season and the changes taking place all at once, a delay should be expected for full payments. They want to be diligent and are required to follow any protocols they have been issued. They will make any adjustments and additional payments as they complete the process.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
