• Bank Of America Stimulus Payments
• Bank Of America Stimulus Checks Late
• Bank Of America Stimulus Checks Reddit
• Bank Of America Stimulus Deposits
• Why Is My Stimulus Check Pending
• Bank Of America Stimulus Checks Reddit

As stimulus checks start mailing out care of the Internal Revenue Service rapidly issuing the CARES Act recovery rebate, those who do not have a bank account might be wondering just how they can cash their check. For taxpayers who did not receive the payout via direct deposit, the paper checks are currently being mailed out.

Wells Fargo, BofA and JPMorgan grant overdraft relief as stimulus checks roll in. (Reuters) - The top U.S. Retail banks said on Wednesday they would provide relief to customers who had overdrawn. Now, $600 stimulus checks will begin to be deposited into Americans’ bank accounts on Tuesday night, and physical checks will be mailed Wednesday, according to Treasury Secretary Steve Mnuchin. The government has begun distributing $600 stimulus checks to millions of Americans. But actually getting access to that money may be another story.Even as record numbers of Americans spent months unemployed amid the coronavirus pandemic, Congress took months to agree to send out another round of stimulus checks and boost unemployment benefits after the last relief package expired.

With the first stimulus check, private banks and creditors were able to seize a payment to cover an outstanding debt. However, some states, such as California, issued orders forbidding banks and creditors from garnishing your stimulus check. Economic Impact Payment (Stimulus Checks) FAQs - Bank of America ASSISTING OUR CLIENTS Economic Impact Payments frequently asked questions Recently, as part of an emergency coronavirus relief package, the U.S. Federal Government began delivering Economic Impact Payments, also referred to as “stimulus checks” to eligible Americans.

Late last month, the stimulus payments began going out from the IRS. The money is part of the CARES Act legislation, which was created to help the nation with financial struggles during the quarantine period. Stay-at-home orders have led to many people losing income, so the government issued $1,200 checks to taxpayers as a way of helping boost the economy. Additionally, married couples are receiving $2,400 payments, and parents are getting $500 for their children. If you are entitled to a check but aren't sure how, or where, to cash it, scroll down for some options.

Walmart

One of the easiest ways to cash a stimulus check without a bank is by doing it through Walmart. The store does charge a fee, ranging from $4 to $8, depending on the amount of the check. Walmart is not the only big chain that offers this option though, as places like Kroger and other grocery or big box stores do as well.

Supermarkets

Select supermarket and grocery store chains can cash large balances, including your stimulus check or tax refunds. With a cashing fee between $0 to $6, your best option is a Kroger KR family of supermarkets with a Money Services desk, across the U.S. These Kroger company brands will also cash your stimulus check for free:

• Kroger
• Fry’s
• King Sooper’s
• Smith’s
• City Market
• QFC
• Ralph’s
• Gerbes
• Bakers
• Dillons
• Pay Less
• Fred Meyer
• Pick ‘N Save
• Metro Market

You can also cash check balances up to $5,000 at the aforementioned stores, just be sure you are calling ahead if your stimulus check is larger than this amount. Additionally, as reported by Forbes, other stores might charge a check cashing fee as high as $6, while others may only cash checks less than $500.

Check Cashing Business

Another option for cashing your stimulus check is to use a check cashing business. There are many around and most likely there will be a few to choose from right in your own town. Notably, the fee at a place like this tends to be a little higher that it would be at somewhere like Walmart, which may be something to take into consideration.

PayPal

For anyone who prefers not to walk around with $1,200 in cash in their pocket, PayPal may be an option for cashing your stimulus check. The app-based financial company has a service called PayPal 'Cash Plus,' which allows users to take a photo of their check and have the money credited to their account.

With this option, there is a fee if you want the money made available to you right way. However, there is no fee if you are able to wait a 10 period of time for the money to be credited.

A Local Bank

Even if you don't have a bank account, it may still be possible to cash your stimulus check at one. Government checks are deemed 'safe' by most all banks, and therefore some of them may be willing to cash the stimulus checks for non-customers. However, again, there will likely be nominal fee.

Open a Checking Account

If you do not have a bank account, using your stimulus check to open one could be an option as well. With the possibility of a second stimulus package bill being regularly discussed, now might be a good time to set up a check account for any future payouts that could be sent. This way, you could potentially have your next payment sent via direct deposit.

Put it Into Savings

Similar to opening a checking out, creating a savings account might also be a helpful. For citizens who have kept working due to be an essential employee, or were otherwise able to maintain income, the $1,200 could be an opportunity to set money aside for an future situation that could arise. While this certainly is not an option for everyone, if could be a possibility for some.

Skip a Paper Check

Bank Of America Stimulus Payments

Finally, for anyone who has yet to get a check, it might be possible to avoid this situation entirely. Opening a checking account now could give you the chance to submit direct deposit info to the IRS before your check is sent. The IRS has a tool called 'Get My Payment' on its website. This allows taxpayers to enter their bank information, which lets the IRS send their check directly to the bank.

Qualifying Americans began to see a $600 stimulus check deposit in their bank accounts last week. But some haven't gotten theirs yet.

The window for qualifying Americans to start receiving payment opened Dec. 29, according to the U.S. Department of the Treasury. These funds will continue to come in via direct deposit or mail. Paper checks started to be mailed out Dec. 30.

However, as the IRS continues to process the $600 stimulus checks, some Americans have reported issues regarding their stimulus checks, including funds being deposited into the wrong bank account or not being deposited at all.

“Treasury and the IRS are working with unprecedented speed to issue a second round of Economic Impact Payments to eligible Americans and their families,” U.S. Secretary of the Treasury Steven Mnuchin said. “These payments are an integral part of our commitment to providing vital additional economic relief to the American people during this unprecedented time.”

A push for an increased payment of $2,000 made it through the House, but its future the Senate is unclear after Senate Majority Leader Mitch McConnell blocked Senate Minority Leader Chuck Schumer's unanimous consent request on the afternoon of Dec. 29. Therefore, the payment amount will remain at $600 as laid out in the COVID-19 relief bill President Donald Trump signed into law Sunday, or until further legislation is passed.

Stimulus and election fights: Mitch McConnell shows he's the last adult in D.C.

Should the amount be increased, the difference will be deposited 'as quickly as possible,' according to the U.S. Department of the Treasury.

Here's how to make sure you get your $600 stimulus check via direct deposit or direct mail. Additionally, here are some tips on what to do if you haven't gotten your payment yet.

Check your IRS Get My Payment portal

The IRS Get My Payment portal is up and running for Americans to check the status of their stimulus checks.

Once you are logged in and your bank account information is added to your account, Get My Payment will provide you with a payment date, which is the date payment will be expected in your account.

The portal will show three options in regards to getting your stimulus check deposit:

Bank Of America Stimulus Checks Late

• Payment status: This means your payment has been processed, a payment date is available and you're set to get your deposit via direct deposit or mail.
• Need more information: This means you're eligible, but there's information missing from your account like your bank's routing or account number. It could also mean your payment was returned as undeliverable.
• Payment status not available: This means the IRS could not determine your eligibility for payment.

Do you qualify?: Here’s who doesn't get the $600 stimulus check

For more information about the Get My Payment portal, visit the IRS website for updates.

How banks are processing stimulus check payments

Bank Of America Stimulus Checks Reddit

Major U.S. banks like Chase, Wells Fargo and Bank of America recommend their customers to set up direct deposit alerts on their accounts to be notified when payment goes through.

Banks said to keep an eye out for payment with a description that will include the word 'IRS.' Wells Fargo said the description will be 'IRS TREAS 310 XXTAXEIP2,' or something similar.

Payments will be distributed automatically, according to the U.S. Department of the Treasury. There is no action required for those eligible.

Banks do not have the ability to determine whether you qualify for a stimulus check or not. They also do not have access to information about tracking your payment.

What happens if your stimulus check was sent to the wrong account

The IRS does not allow people to change direct deposit information that's already on file. If a direct deposit is made with invalid bank information or the account was closed, the bank will reject the deposit and the IRS will mail payment as soon as possible. These changes will be reflected on the Get My Payment portal.

For those without direct deposit information on file, payment will arrive in the form of a check or debit card in the mail, according to the IRS.

Comparing stimulus bills: New COVID-19 stimulus bill is half of March's. How else it differs.

Looking for IRS phone number to ask about your stimulus check?

The IRS says not to call them with issues about incoming stimulus check payments.

'A new round of Economic Impact Payment is already on its way,' the IRS tweeted Monday. 'There's no need for taxpayers to call or take any action.'

Taxpayers' best bet is to monitor the IRS Get My Payment portal for updates.

The IRS said: 'IRS phone assisters do not have additional information beyond what’s available on IRS.gov.'

Haven't received your stimulus yet?: The IRS says not to call them

#IRS is delivering a second round of Economic Impact Payments to millions of Americans. There’s no need for taxpayers to take any action, call the IRS or their financial institution. See https://t.co/VY0F1xzGPl#COVIDreliefIRSpic.twitter.com/ZE3TWzL52H

Bank Of America Stimulus Deposits

Eligible but didn't receive payment?

If you are eligible but haven't received your $600 stimulus check payment, it can be claimed as the Recovery Rebate Credit by filing a 2020 tax return in 2021.

'The IRS urges taxpayers who didn’t receive a payment this year to review the eligibility criteria when they file their 2020 taxes; many people, including recent college graduates, may be eligible to claim it,' according to the IRS website.

Don't spend it yet: Here's what to consider before you get your $600 check

Will you get a direct deposit or mailed check?

Why Is My Stimulus Check Pending

If you haven't gotten your direct deposit yet, keep an eye out for incoming mail. It could be delivered as a paper check or a debit card.

The Treasury Department's Bureau of Fiscal Service will be sending a limited number of payments by debit card to 'speed delivery of the payments to reach as many people as soon as possible.'

The IRS said the second form of stimulus check payment might be different than the first. For example, it's possible for those who received a check in the mail to get a debit card this time, and vice versa.

The debit card will be sent in a white envelope that displays the U.S. Department of the Treasury seal. It will be a Visa card with the issuing bank listed as MetaBank.

Daniella Medina is a digital producer for the USA TODAY Network. Follow her on Twitter @danimedinanews.

Bank Of America Stimulus Checks Reddit

This article originally appeared on Montgomery Advertiser: How to track your $600 stimulus check deposit and what to do if you didn't get one yet