Update Check your balance Now: Coronavirus stimulus money starts to flow into bank accounts-NBC News

The Internal Revenue Service (IRS) is a U.S. federal agency responsible for the collection of taxes and enforcement of tax laws. 6 hours Ago the IRS boosted on Twitter account Saturday that the first economic impact payments to bank accounts more will be coming very soon.


U.S Treasury Facility Prints Social Security Checks



We know many people are anxious to get their payments. That's why the IRS will issuing all payments to qualifying Americans with direct deposit accounts that already the IRS set up had begun to receive their coronavirus relief payment.

 Tweeted Saturday By IRS:


#IRS deposited the first Economic Impact Payments into taxpayers’ bank accounts today. We know many people are anxious to get their payments; we’ll continue issuing them as fast as we can. For #COVIDreliefIRS updates see: https://t.co/hEEWmgHA9V pic.twitter.com/2bSHOTjMAS
— IRS (@IRSnews) April 11, 2020

Numerous Twitter users active also posted on Saturday and their leave questions about tweeted IRS  about topic -Coronavirus stimulus money starts to flow into bank accounts-:

 Frequent Questions tweeted Saturday :


Are you depositing based on which bank, state, or income bracket? I use the BankofAmerica. Any word about how things will work for those who receive monthly SSI payments (Not SSDI) through direct deposit?

How about the people who got refund advance through Turbotax. Will it go onto our Turbotax card? Do SSI recipients need to do anything if they get their SSI benefits via direct deposit? What if the account that had a direct deposit was closed?

Reply :


If you receive SSI by direct deposit,  you don't need to do anything it will be automatically deposited on your account. I thought a direct deposit is done via computers and servers. 

It's not like you got an old lady licking envelopes. So what's the holdup. Meanwhile credit card companies able to withdraw my money at warp 7 speed out of my bank account. 

You do not have to file a tax return to get the stimulus. If you go onto the IRS website there is a portal that you can go into to add your direct deposit information.

If you need to enter your direct deposit information go to IRS a Stimulus Portal that will allow you to file a simple return + claim dependants. Have your documents on hand. I filed mine yesterday, got approved within 12 hours, now waiting on deposit.

If you are on SSI you don't have to do anything, they will send the money to the same account that you get your SSI direct deposited, or if you get your SSI by check you have to wait to the other portal is open to updating with your bank information.


Anyone with a USAA account gets theirs?


Who qualifies to receive money from the Senate coronavirus relief plan?


Active duty US military stationed overseas, who already got tax return direct deposited. Saw Covid19 relief payment of $1,200 pending on Good Friday 04/10/2020 got money deposited Saturday 04/11/2020. US military troops working in medical stationed overseas in Europe.

This is a payment meant to flood the economy with some quick cash, almost taxpayers will receive it. We have a similar system to yours for unemployment. We pay x percentage of income for a number of weeks and for a few months the feds will throw in an additional $600. In and of itself, $1200 US currency will not make a dent in anyone’s situation.

It won't be accessible until next week. Banks have to reconcile the transactions. You can take money out instantly, but it normally takes 3 days to deposit money unless it's cash.

The only people who claim to have gotten theirs are using the same debunked photos etc. Has ANYONE actually GOTTEN theirs? I'm on social security w direct deposit, 8,000yr income.


 

President Donald Trump has said that he "likes the concept" of the second round of payments and House Speaker Nancy Pelosi, D-Calif., said on CNN last month that "we think we'll get more direct payments in another bill," suggesting that Congress could revisit the issue.


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