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'Don't belong to me:' Stimulus checks deposited into wrong bank accounts

’Don’t belong to me: ’ Stimulus checks deposited into wrong bank accounts

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MILWAUKEE (CBS 58) -- There’s a major mix-up with the economic stimulus checks.

Millions of dollars worth of relief appears to have been deposited into the wrong bank accounts. The first batch of the relief checks were deposited Wednesday, but many people are upset, saying their money is missing.

Waitress Ashley Olsen of Milwaukee has been out of work for two weeks. She’s been waiting for her check, but said when she checked the IRS website, they had the incorrect information. “When I looked at it, it said they were gonna deposit it in a bank account that I no longer have.” 

Olsen said she filed her taxes with ATC Income Tax service. The company posted on Facebook, “The IRS sent over 300,000 Stimulus Deposits to our bank - MetaBank - in ERROR.”           

Those payments were meant for taxpayers suffering from the pandemic, like mother of four, Damaris Williams of Racine. “It said it would be deposited April 15 and it has four digits that don’t belong to me,” she said.

So what led to the mistake?

Olsen said when she filed her taxes at ATC, the fees were deducted directly from her refund.

Meanwhile, Williams got a refund anticipation loan, which allows people to get their money sooner from a lender.

Once the actual refund is ready from the IRS, it’s sent to the bank -- in this case, MetaBank. According to the ATC Facebook post, it could take at least 7-14 days to fix the issue.

"That was gonna be my rent money for these two months,” Olsen said disappionted.

MetaBank released the following statement:

"This week, MetaBank learned that the IRS is inadvertently distributing some Economic Impact Payments (EIPs) to consumers’ temporary bank accounts with our tax divisions Refund Advantage and EPS Financial. It was an error to send these EIPs to these accounts. The IRS has not explained to us why this error occurred. These accounts managed by our Refund Advantage and EPS Financial tax solutions only process standard tax refunds owed to taxpayers as a result of a tax filing. As we are required, for EIPs sent to these accounts, upon receipt, MetaBank is immediately sending these EIP payments back to the IRS so that the IRS can distribute directly to consumers. We are deeply concerned that this error will delay consumers from receiving EIP payments during this difficult time. MetaBank is working closely with our tax refund partners to ensure that they redirect customers to the IRS.  As we are expeditiously sending EIP payments back to the IRS, we encourage impacted consumers to contact the IRS directly with questions or for further details."
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HenryPratt 13 days ago
The IRS deposited our Stimulus into an account that we have never had. Three weeks after the deposit date listed on "Get my Payment" the same wrong account number is shown. We also got a letter from the White House telling us that the money was being direct deposited. I hope that the person at the IRS who used the wrong account number for us goes to prison. We paid our 2018 and 2019 taxes by check (no Direct Deposit). If we file late there is a penalty and interest. This screwup at the IRS and there in noone to even answer the phone? Get My Payments was never updated to allow us to correct or even enter Direct Deposit information. Time to get rid of a bloated department of our government that does not even follow its own guidelines.
Jimika 39 days ago
THE IRS STILL RESENT THEM BACK TO METABANK SCHEDULED FOR THIS WEEK BECAUSE THEY CAN NOT CHANGE THE BANK ACCOUNT INFORMATION DUE TO FEARS OF FRAUD AND FRAUDSTERS BEING ABLE TO USE THE CHANGE TO REDIRECT PAYMENTS TO SCAM ACCOUNTS SO THEY NEED TO FORWARD OUR PAYMENTS TO US AND STOP EXPECTING THE IRS TO DO IT. ITS UNFAIR TO BE SO GREEDY AT THIS TIME OF NEED. CHARGE A SMALL FEE IF NEEDED BUT FORWARD THE PAYMENTS.
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