The Division of Revenue and Taxation expects fewer errors in releasing the second stimulus payments via direct deposits because of the lessons it learned in the release of the first stimulus funds.
Speaking at a radio news briefing last Friday, division director Tracy Norita said the first stimulus was also their first time to issue direct deposit payments. “And so we learned a lot from our first experience [in] receiving bank information from taxpayers,” she said.
Norita said they are upgrading the online portal that they will soon open so that they can minimize the errors that they receive from taxpayers such as when entering the wrong routing number or the incorrect number of of digits for their account numbers. “Those types of things that we received, we have to clean out to make sure that we comply with banking regulations. We can’t just send incorrect account numbers [or] routing numbers to the bank for a transfer,” she said.
This time around, Norita said, they are hoping that they can assist taxpayers in inputting clean data so that they can get their payments out as soon as possible.
The director said the link to the portal will be on the main Department of Finance website page.
Norita disclosed that they are expecting to get 90% of their total estimate of who will receive the second stimulus or about $42 million in advance transfer from the U.S. Internal Revenue Services.
Finance Secretary David DLG Atalig also said Friday at the same news briefing that those who want to get their second stimulus payment via direct deposit will receive the money first than those who want their payments in checks.
Atalig said payments may start by Feb. 1, their ideal target date.