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I have a new bank account for my stimulus check. How can I update the information ?

 
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2 Replies
SusanY1
Expert Alumni

I have a new bank account for my stimulus check. How can I update the information ?

Unfortunately, you cannot update bank information for the second payment.  You may receive a check, but it is more likely that you will need to claim your payment as a credit when you file your 2020 tax return. 

 

If you have not received your payment by January 15, 2021, you will claim the Recovery Rebate Credit by answering the two questions about the stimulus payments that will appear at the end of the TurboTax interview. 

 

The questions are in the section Federal Review.  

 

Once the information is entered you will see your refund increase or balance due decrease, and TurboTax will enter the amount of the credit on Line 30 of Form 1040 for you.

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The_Oracle
Returning Member

I have a new bank account for my stimulus check. How can I update the information ?

You’re wrong! 

If you received a TurboTax email to update your stimulus payment direct deposit information, please follow these steps to update your information in the portal:

  • Go here and sign in with the username and password you used to file your 2019 tax return
  • Validate your identity
  • Enter your updated bank account information

Note: You have to update your information by 1/15/2021.

 

For additional information, see Update your stimulus payment direct deposit information

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