IRS spokeswoman Jodie Reynolds told the paper she had not heard about checks being sent to the wrong accounts, but she indicated the money should be rejected by banks and returned to the IRS if that has indeed happened. Anyone with a Trans@ct Card (opens in new tab) can cash a check and apply the funds to your debit card account using a smart phone. 4 Customer must obtain a Refund Transfer (separate fees apply). New York, Taxpayers shared the good news on social media, with some posting photos of their online bank accounts. By David Muhlbaum PayPal has a service that lets you cash checks and have the amount credited to a PayPal "Cash Plus" (opens in new tab) account. According to the IRS, those who filed 2019 tax returns and provided direct deposit information should automatically receive the payments in their bank accounts starting Dec. 29. Truist: $8 for checks greater than $50. A file photo of a federal stimulus check. When? Travel plans change so can your bookings. (Use our Third Stimulus Check Calculator (opens in new tab) to see how much you should get. The IRS is using account information that was either provided on your 2019 tax return, non-filer registration, entered into the "Get My Payment" tool before Dec. 22 or provided by a federal agency issuing benefits such as the Social Security Administration, Veteran Affairs or the Railroad Retirement Board, according to its website. As always, I encourage you to read the material and vote your shares. Through March 2022, we'll also send Letter 6475 to the address we have on file for you confirming the total amount of your third . Cautionary Statement Regarding Forward-Looking Their fee is $4 for a check up to . Taxpayer info. Generally, the payments are dated for Jan. 4, meaning the funds won't be available to use until then. Since the IRS will use the most recent AGI in its system, know that it is probably smart to wait a little while to file your taxes if you qualify for a bigger stimulus check based on your 2019 income. "I find it very hard to believe that the U.S. government is this incompetent," wrote another. CARES Act - Stimulus Payment Information As of this writing, we have not yet released our fourth quarter 2020 financial results. Those results will be released on February5, 2021 and earnings will be posted to our corporate website at www.CIVB.com. Those who are eligible and do not get a 2nd COVID-19 relief check may be able to claim it when they file their 2020 taxes. Editors note: This is an opinion piece and is not meant to offer tax or financial advice on behalf of the author or TNI. Single taxpayers who earned less than $75,000 and filed a 2018 or 2019 federal income tax return can expect a $1,200 stimulus check.