How to Update Your Banking Information with the IRS for Your Stimulus Check

As the COVID-19 pandemic continues to create problems for the global economy, many people are eagerly awaiting their stimulus checks to arrive. However, if you need to update your banking information with the Internal Revenue Service (IRS) to ensure that you get your payment as quickly as possible, you may be feeling unsure about where to start. In this article, we’ll take a closer look at how to update your banking information with the IRS for your stimulus check.

Why It’s Important to Update Your Banking Information with the IRS

If you’re set to receive a stimulus check but no longer use the bank account that your past tax refund was deposited into, you’ll need to provide the IRS with new banking information. Otherwise, your payment may be delayed by several weeks while the agency tries to determine how to deliver it to you.

In order to make sure that you receive your stimulus check as quickly as possible, you should head to the IRS website and submit your new banking information. If your bank account has closed in the meantime, you will receive your payment in the form of a paper check.

How to Update Your Banking Information with the IRS

If you need to update your banking information with the IRS, you have a few different options.

First, you can use the Get My Payment tool on the IRS website. This tool allows you to update your direct deposit information, check your payment status, and even confirm your payment method. Simply log on to the IRS website, locate the Get My Payment tool, and follow the prompts to update your banking information.

Alternatively, you can fill out and submit a Form 8822 Change of Address with the IRS to update your banking information. You’ll need to provide your old and new account numbers, as well as the bank’s routing number, to make sure that your payment is directed to the correct account.

Finally, if you’re unable to update your banking information online or by mail, you can contact the IRS directly by phone. However, you should be prepared for potential hold times and longer wait times due to the current high demand.

In conclusion, updating your banking information with the IRS is an important step to ensure that you receive your stimulus check quickly and efficiently. By following the steps outlined above, you can help the IRS to deliver your payment to the correct account and avoid potential delays.