Home » Economy » Waiting for coronavirus stimulus check? Direct deposit information is due Wednesday, IRS says
Waiting for coronavirus stimulus check? Direct deposit information is due Wednesday, IRS says
American financial worries grow despite coronavirus stimulus: Study
Bankrate.com senior economic analyst Mark Hamrick discusses a study that shows Americans are becoming increasingly concerned about money.
Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here.
Continue Reading Below
If you're among the millions of Americans still waiting for the coronavirus stimulus payment to land in your bank account, time is running out to provide the IRS with your necessary direct deposit information.
On Friday, the IRS said eligible taxpayers who have not yet received their money — up to $1,200 for individuals earning less than $99,000 — have until noon on Wednesday, May 13, to use the "Get My Payment" portal to submit direct deposit information.
"After noon Wednesday, the IRS will begin preparing millions of files to send to BFS for paper checks that will begin arriving through late May and into June," the agency said. "Taxpayers who use Get My Payment before that cut-off can still take advantage of entering direct deposit information."
NO STIMULUS CHECK IN YOUR BANK ACCOUNT? WHY IT MAY BE DELAYED
Otherwise, if individuals do not provide their banking information or are unable to do so via the tool, they will be forced to wait until June or later to receive their economic impact payment in the mail.