If the IRS has received your banking information, your payment will be sent to you as a direct deposit. We will use bank account information from the following sources, in the following order:
Your 2020 tax return.
Your 2019 tax return, including information you entered into the Non-Filer tool on IRS.gov in 2020.
A federal agency that provides you benefits, such as: Social Security Administration, Department of Veterans Affairs, or the Railroad Retirement Board.
If IRS does not have your bank account information they issue you a direct deposit, they will send your advance Child Tax Credit payments by mail. IRS will issue Advance Child Tax Credit payments on July 15, Aug. 13, Sept. 15, Oct. 15, Nov. 15 and Dec. 15.