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Direct deposit. A direct deposit (or direct credit ), in banking, is a deposit of money by a payer directly into a payee's bank account. Direct deposits are most commonly made by businesses in the payment of salaries and wages and for the payment of suppliers' accounts, but the facility can be used for payments for any purpose, such as payment ...
If you were eligible for the first $1,200 stimulus payment under the CARES Act and now the second $600 direct payment under the new relief bill, the tracking tool will show the status of both.
Refunds are paid by cheque or direct deposit, with the direct deposit being the quicker option of the two. In some cases the CRA may keep some or all of a refund. These cases include owed tax balances, Garnishment, and the existence of outstanding government debt. References
To assist with the rollout of payments, the IRS has set up a “Get My Payment” tool that allows you to find out when your new (third) economic impact payment is scheduled to be sent — or when ...