Families Can Now Update Direct Deposit Information for Monthly Child Tax Credit Payments

IRS has upgraded the Child Tax Credit Update Portal to enable families to update their bank account information, so they can receive their monthly Child Tax Credit payment. Any updates made by August 2 will apply to the August 13 payment and all subsequent monthly payments for the rest of 2021.
Families will receive their July 15 payment by direct deposit in the bank account currently on file with IRS. Those who are not enrolled for direct deposit will receive a check. Get details here.