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How to Get Your Stimulus Payment Faster: Make a Direct Deposit with the IRS


To check your 2020 stimulus as soon as possible, you must make a direct deposit to the IRS.

Angela Lang / CNET

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The IRS had already made 122 million payments to US residents in early May that met the requirements for a stimulus check. These payments include paper checks sent to those eligible for a coronavirus aid payment and direct deposits from to $ 1,200 into bank accounts.

The IRS estimates that it may take four months for each paper stimulus check to be sent to those who qualify. But if you want your payment to be sent to your bank account with economic impact, you still have time to complete the IRS deposit form through the Get My Payment portal, the federal agency said.

You could receive your payment much earlier – if you set up a particular week on Thursday, you can receive your payment as soon as possible the next week – by making a direct deposit with the IRS, the agency said.

We show you how to set up direct deposit with the IRS through the Get My Payment portal.

Direct deposit is more convenient and safer than receiving a check by mail, according to United States Treasury Secretary Steven Mnuchin. And if you deposit a paper check, you must either upload it to your account using your banking app or go to the bank. If you receive your check by mail, the US Postal Service may notify you when it is on its way .

The IRS has attempted to make the process of easily setting up direct deposits using the Get My Payment app, which you can also use to track your IRS Incentive Money . We'll tell you what personal information you need to make the installation smoother and explain what happens if you get an error. However, some people have trouble tracking their payments and signing up for direct deposit .

How to Make a Direct Deposit for Your Stimulus Control

To get started with the Get My Payment portal, you may need your 2019 tax return if you filed it, as well as your 2018 tax return. Due to the high demand on IRS.gov, you may have to wait until it is your turn to access the tool. See the next section if you get an error. And the IRS said a Spanish-language version of Get My Payment is coming in a few weeks.

1. Go to the IRS 'Get My Payment page and tap the blue Get My Payment button to set up a direct deposit for your payment with economic impact.

2. On the next Authorized Use page, tap OK .

3. On the Get My Payment page, enter your Social Security Number (SSN) or Individual Tax ID (ITIN), your date of birth, your address, and your zip code or zip code.

If the IRS has your direct deposit details, you will see a page with the status of your payment. If not and you are eligible for a check, you can enter your bank account routing number and account number (scroll down to find these numbers) so that the government can send your check to your bank account.

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What happens if I get an error or if the IRS does not tell me my payment status?

If the screen flashes "status unknown", "try again later" or any other message whose meaning is unclear, here is a list of possible explanations to help you identify your specific situation to unload. The IRS is reportedly aware of the problems, according to The Washington Post. CNET has also contacted the IRS for more information.

What does the IRS need from me to make a direct deposit?

You want to have your bank account routing and account numbers handy. You can find these bank details in various ways.

Bank Website: Your bank's website may contain your routing and account numbers. For example, for Bank of America, log in to your account, select the account you want to use, then tap the Information & Services tab to see the numbers you need.

Bank App: If your bank has an app, it can show your account and routing numbers. For example, in the Bank of America's BofA app, tap the account you want to use, then scroll to the bottom of the app window to see your clearly labeled account and routing numbers.

Printed Check: At the bottom of your check, you will most likely see three sets of numbers: The first set of nine numbers is your routing number. The second set of 8 to 12 digits is your account number. The third set – which you don't use to make a direct deposit – is the check number.

It's Not Too Late to Include Your Bank Accounts with Your Tax Returns If You Haven't Been

The IRS said if you haven't filed a tax return for 2018 or 2019 yet, sign up as soon as possible and include your bank details for direct deposit on the return. Here's what you need to know about coronavirus and your taxes .

When will my check be issued?

Millions of US residents who set up direct deposits with the IRS have already received their promotional checks. And those who set up direct deposits through the Get My Payment portal will receive their checks within days, the IRS said. You can have the government transfer the money to other payment services, such as the Cash app or a PayPal account. And Minister Mnuchin said the government sent the first paper checks at the end of April.

While you are waiting for your check, here is how to avoid getting scammed . And after you receive it, here are some ideas for how to spend your stimulus control . If you are still struggling after receiving the check, here is how to get financial help to pay your bills .

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