Use direct deposit for your stimulus check April 06, 2020
President Donald Trump recently signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) set to provide aid to millions of Americans impacted by the COVID-19 pandemic. The package includes Economic Impact Payments for individuals, additional unemployment coverage and more. Specific information about the relief plan including delivery details of the Economic Impact Payments can be found at IRS.gov/coronavirus.
U.S. Treasury Secretary, Steven Mnuchin, has stated that the administration expects Economic Impact Payments (stimulus money) to be delivered to eligible individuals who have direct deposit information on file with the Internal Revenue Service. Further, he shared that a web-based system will be created for people to submit direct deposit information to expedite delivery of their stimulus money. Otherwise, checks will be mailed.
If you are looking for information on the status of your COVID-19 stimulus payment, please visit the IRS website.
We recommend being proactive in providing the IRS with your direct deposit information as soon as you are able. Direct deposit is the safest – and fastest – way to get your stimulus money.
Please see our COVID-19 FAQs for information on the Economic Impact Payments and more.