If you chose direct deposit, the IRS will have your bank information. For other forms of deposit, we are still waiting for IRS guidance regarding updating or providing direct deposit information for the stimulus payments and how they will be distributed to these type of accounts. We will have more information once the government finalizes the details.
In the meantime, you can visit the following links for the most recent updates:
IRS Coronavirus Tax Relief
TurboTax Corona Virus Tax Center Updates
Per the IRS:
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.
IRS Economic Impact Payments
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