Once your updated information is submitted you should receive your stimulus payment within 5 business days.
If you do not update your direct deposit information by January 16, or if your bank rejects your stimulus payment a second time, your stimulus funds may be required to be sent back to the IRS. You may then need to claim your stimulus payment in the form of a Recovery Rebate Credit when you file your 2020 tax return.
We know how important these funds are for so many Americans and we regret that an IRS error caused a delay in you receiving your stimulus payment.
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