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Level 2
posted Jun 3, 2020 12:53:00 PM

stimulus check with 2 names on it -- how to deposit it

Hi

 

Does anyone know what to do with a stimulus paper check with 2 names on it (with '&' between names)? Our bank says we cannot deposit it on our individual accounts. So, they say either open a joint account or ask IRS to re-send it with individual names. Does anyone has experienced this situation? what is the best practical solution here? 

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1 Replies
Level 15
Jun 4, 2020 9:44:20 PM

"what is the best practical solution here"

 

Given a choice between asking the IRS to change your jointly issued stimulus check to two separate checks in the middle of a pandemic when they are backlogged and understaffed, to the point of not even opening the mail for months,  or opening a joint banking account to deposit the check--and then doing whatever the two of you please with the money once it is deposited--which choice seems more practical?