Sent to the wrong account

[brenda]

https://money.usnews.com/investing/news/articles/2021-01-07/error-puts-millions-of-us-stimulus-payments-in-wrong-accounts-turbotax?src=usn_nl_coronavirus&utm_source=Sailthru&utm_medium=email&utm_campaign=New Campaign&utm_term=Coronavirus Bulletin

**WASHINGTON (Reuters) - Millions of pandemic stimulus payments have been deposited in incorrect customer accounts due to an Internal Revenue Service error, according to Intuit TurboTax, which is helping to distribute the payments.

Two banking industry sources confirmed the error, which will delay distribution of the badly needed aid.

"For those who don't receive a direct deposit, they should watch their mail for either a paper check or a prepaid debit card," the IRS said in a notice on Thursday.

Intuit TurboTax tweeted on Wednesday: "Unfortunately, because of an IRS error, millions of payments were sent to the wrong accounts and some may not have received their stimulus payment."

The IRS did not immediately return a call seeking comment.

One of the sources said the IRS used old information for millions of accounts that are thought to be closed or inactive. Banks are working with the IRS to return and re-route the rejected payments to the correct accounts, but it is not clear how long this process will take, the person said.

The Treasury Department began processing a second round of emergency payments on Dec. 29 as part of a new congressional COVID-19 aid package. As with the first round distributed in April, millions of payments were to be directly deposited by Jan. 4 in customer accounts the IRS had on file.**

If the account was closed, payment can be rerouted. If it's not closed and someone still has access, what if part or all of it is already spent? Interesting scenario.

[Copper]

Yes, I got this email from Turbo Tax

Dear Valued TurboTax Customer,

The IRS recently began issuing a second round of stimulus payments to those eligible. Unfortunately, because of an IRS error, millions of payments were sent to the wrong accounts and some may not have received their stimulus payment.

We have been working tirelessly on a solution with the Treasury and the IRS. As a result, our expectation now is that within days the error will be corrected and stimulus payments will begin being deposited into the correct bank accounts. We have also re-confirmed with the IRS that they have all of the correct banking information.

We know how important these funds are for so many Americans and that everyone is anxious to get their money, now more than ever. We will keep you updated on our efforts, and we will stay on this until you get your money.

Respectfully,

Greg Johnson

Executive Vice President & General Manager

Intuit, Inc. | TurboTax

[Horace]

I'll bet Trump and all of his cronies received a check due to this "accident".

[Jolly]

@horace said in Sent to the wrong account:

I'll bet Trump and all of his cronies received a check due to this "accident".

Of course...