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Home / Tips and Tricks / Third stimulus checks come in a few days. Can you sign up for direct deposit?

Third stimulus checks come in a few days. Can you sign up for direct deposit?



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If you haven’t registered a direct deposit account with the IRS, we’ll get you started.

Angela Lang / CNET

Now that the third stimulus check and $ 1.9 Trillion Incentive Bill to be officially, the IRS has now given the green light to the new $ 1,400 incentive checks this weekend calculate your payment total now“People can see direct deposits appearing in their bank accounts as early as this weekend,” said White House press secretary Jen Psaki Thursday, adding that “this is of course just the first wave.”

There’s still a lot we don’t know yet about how the IRS will handle this third round of payments, including when possible track your payment and whether you can set up a direct deposit with the IRS, if the agency doesn’t already have your bank information. With the first two payment rounds, the IRS and the United States Treasury Department prioritized payments to people with diabetes information about direct deposit in the file

In front of the first check, the IRS will let those who do qualified For a payment, provide bank details using an online IRS tool. That portal has never been opened with the second check, leaving the IRS just over two weeks to send more than 100 million payments. With the third stimulus check Starting this weekend, here’s what you need to know about direct deposits.

Will the IRS let me set up a direct deposit for the third payment?

You can already register your bank account for instant deposit when you file taxes, but if you’ve only recently signed up and IRS your Tax return 2020 as the basis for your third check, it is not clear whether it will use your account or not.

For both the first and second checks, the IRS has created an online Get My Payment tool to make it possible who were eligible provide bank details to receive their payments directly into their bank accounts. The IRS shut down the direct deposit registration feature on May 15, 2020 and did not turn it back on for the second check, when the IRS had a little more than two weeks to complete the payments.

It’s not clear when or if the IRS will re-enable the tool this time, but the agency has until December 31, 2021 to send the payments, so there’s no time crunch this round.

The new account charges the IRS and the US Treasury Department to send the new checks “electronically,” if applicable, but as of Thursday, the IRS said it is “reviewing implementation plans” and will have more information shortly. Aside from guidance from the IRS, we don’t know if the IRS will either let those who qualify for a payment set up a direct deposit with the agency or change outdated bank information.


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Why would I want to use direct deposit for my stimulus check money?

More than 75% in the first round and more than 80% in the second payments. During the first round of stimulus check, the IRS encouraged people who had not registered a direct deposit with the agency to register for direct deposit anyway. The agency said these people could still receive their checks faster, even if they signed up “late” compared to waiting for a check in the mail.

What information does the IRS need to set up a new direct deposit account?

If the IRS accepts new bank information for the third check through the Get My Payment tool, you want to have your bank account type and routing and account numbers at hand. There are several ways to find this bank information.

Banking website: Your bank’s website may display your routing and account numbers. Log in to the account you want to use and find the numbers you need.

Banking app: If your bank has an app, it can show you your account and routing numbers. In the app, tap the account you want to use to see the 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 series of 8 to 12 numbers is your account number. The third set is the one you don’t need for direct deposit as it is the number of the individual check.

Check out this IRS page for more help finding your routing and account numbers.

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You may want to set up a direct deposit with the IRS if you haven’t already.

Sarah Tew / CNET

Will I be guaranteed to receive my stimulus check as a direct deposit?

If you’ve already filed a direct deposit with the IRS, the agency said it will use that information to make your payment. However, for the first and second checks, some reported receiving their payments by mail, either as a paper check or EIP card by posteven if the IRS had their bank information. The vast majority of the first and second payments were made by electronic transfer.

If you needed motivation for that submit your tax return early, the IRS said it will use the most recent federal tax forms it processed when calculating your third-party payment. If you provided your bank information when submitting your application, the IRS can use it when sending your payment. It’s a gamble that the IRS will process your new application by the time it comes in your name, but that’s still a possibility.

What if there is a problem with direct deposit?

This can happen. With the earlier payments, the IRS experienced problems sending incentive payments to millions of people using tax filing software such as TurboTax and Jackson Hewitt. Now that the IRS is sending the third checks in the middle of the tax season, this can become a problem again.

How would the IRS have gotten my bank details for the third check?

The IRS has several ways to find your bank information.

  • You filed a tax return in 2019 or 2020 and you returned it via direct deposit.
  • You’ve already filed your tax forms this year and provided the IRS with your bank information.
  • You have registered your bank details for the initial check through the IRS ‘Get My Payment online tool.
  • You have provided bank details via the Non-Filers: enter payment details in tool here if you normally do not file a tax return.
  • From another federal agency that grants benefits to you, such as the Social Security Administration, Veterans Affairs, or the Railroad Retirement Board.
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In general, you will get your money faster via direct deposit than with a paper check.

Stephen Shankland / CNET

What if my bank details have been changed for direct deposit?

With the first stimulus checks, you can use the Get My Payment and Non-Filers tools to provide the IRS with your bank information. However, the IRS had said it doesn’t allow people to change the direct deposit information for an incentive payment it has registered. This is a protection against fraud.

In the second checks, the IRS did not accept new or changed bank information. If the IRS tries to make a payment into the now-closed bank account, the financial institution must return the payment to the IRS, the agency said. The agency has not said how the third check will handle bank changes.

If you’ve moved, you can provide the IRS with your new postal address

Do I need to have a bank account to receive my direct deposit check?

According to the Urban Institute, people with bank accounts and direct deposits (who are disproportionately white) were more likely to get their first stimulus check in late May than people who identify as black, Hispanic, or below the poverty line. This was directly linked to groups who were more likely to have bank accounts and who had submitted that information to the IRS to facilitate tax returns for direct deposits.

Bank of America, JPMorgan Chase, Wells Fargo, and several other major banks are now offering more affordable check-free bank accounts as part of a program to make it easier for people to get bank accounts.

For more on the controls, here’s when IRS starts sending the third checks, how much you could qualify with this payment and how track your payment with the IRS

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