As MichelleLO stated above, we still do not know how the IRS will be releasing the funds to the public and are still waiting for IRS guidance regarding the direct deposit information for the stimulus payments. We will have more information once the government finalizes the details.
Per the IRS website: https://www.irs.gov/newsroom/economic-impact-payments-what-you-need-to-know
The IRS does not have my direct deposit information. What can I do?
In the coming weeks, Treasury plans to develop a web-based portal for individuals to provide their banking information to the IRS online, so that individuals can receive payments immediately as opposed to checks in the mail.
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