1. Get a bank account
If you connected your bank account with the IRS when last paying your taxes, your stimulus check will likely be direct deposited. If not, you will receive a physical check. If you don’t have a checking or savings account to deposit your check—get one now! Don’t end up giving away a percentage of your stimulus money to a check cashing company or bank because you don’t have an account. Try searching Nerd Wallet for online and local bank options with little or no monthly fees. Or check out TrustFund, which provides a zero-fee Mastercard debit card, FDIC-insured checking account and access to savings and loans.
If you don’t usually file a tax return, you can submit your information here to get the Economic Impact Payment via direct deposit.
Please be aware: with the rollout of economic impact payments, there’s an increased risk of scams. Stay vigilant and aware of unsolicited communications asking for your personal or private information–through mail, email, phone call, text, social media or websites—that ask you to verify your SSN, bank account, or credit card information or suggest that you can get a faster payment if they fill out information on your behalf or if you sign over your check to them. Please also be on the lookout for a bogus check, perhaps in an odd amount, that asks you to call a number or verify information online in order to cash that check.