Stimulus check account transfers are the quickest way to receive your $1,200 economic impact payment from the IRS. You can wait for a physical check, but you will have to wait much longer.

If you have not set up a stimulus check account transfer, how long will it take for the U.S. Postal Service to send you a stimulus check? A House Finance and Banking Committee report submitted by Committee Chairman Richard E. Neal notes that "about 5 million paper checks are expected to be issued per week, which could take up to 20 weeks."

If you know how to set up a check account transfer for the stimulus package, you can get paid much sooner. However, taxpayers only had until 12 p.m. on Wednesday, May 13 to set up their account transfers, so it is too late now.

Nevertheless, the second round of the stimulus package may be implemented. If the second round of the stimulus package is approved, taxpayers will again be able to apply for direct deposit.

If so, follow these steps.

Before you begin, make sure you have your information on hand. This includes your Social Security number, adjusted gross income for 2018 or 2019, and basic banking information as listed on your check or bank website.

If you have already completed the following steps and are trying to find out when you will receive your stimulus check, the IRS says it should be able to confirm, depending on how long it has been since you applied. If the electronic funds transfer data is entered by 9:00 a.m. PT on Tuesday, payment information will be ready by the following Saturday.

Once that window is complete, go to the IRS Get My Payment page, tap the Get My Payment blue button, tap OK on the page confirming authorized use, and on the next page the Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN), date of birth, and residency information. On the next screen, the payment status will be displayed. Whether scheduled... or if the service cannot yet determine the status.

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2. Click Receive Payment.

3. click OK.

4. Enter your Social Security Number (SSN), date of birth (can be entered manually in MM/DD/YYYYY format), address, and zip code. Then click Continue.

5. Click Enter Bank Information.

6. Enter your 2018 or 2019 tax return information, detailing your adjusted gross income (line 8b on Form 1040 or 1040-SR for 2019 or line 7 on Form 1040 for 2018) and whether you received a refund or owe money.

7. Enter the bank information for the deposit. The routing number is the 9-digit string in the lower left-hand corner of the check. The bank account number is to the right of the routing number.

You have set up a direct deposit with the IRS to expedite receipt of your stimulus check!

But what if you can't find your checkbook? Go to your bank's website or download their app. Once you sign in, you will find these details in your account information.