Originally posted by TravelingFool:
Where or how can you designate that you want it via direct deposit?
It doesn't matter whether or not you got a refund. If you filled out the direct deposit information on your tax form, then you will have it direct deposited.
From irs.gov:
Q. If I'm not expecting a refund, should I still fill out the direct deposit line on my return so I can get my stimulus payment directly deposited?
A. Yes. Even if you aren't due a refund on your tax return, filling out the bank routing information will allow for your stimulus payment to be directly deposited.
For what its worth, I had my refund direct-deposited (filed before Jan 31, even!), and my last two are "14", and I haven't seen the payment yet.

Sucks because I'm leaving on vacation today and could use the money for some last-minute shopping. I'll be far away from the internet, cell-service, and ATM's where I'm headed so the economic stimulating will have to wait...
Originally posted by Mobycat:
It's a rebate for NEXT year's taxes (2008), not this year's (2007).
I believe this is incorrect. Its not actually a tax rebate at all, but simply a payment from the US Government. The only reason its tied in to the IRS/tax process is because it is based on your level of income, and that is a declaration process that is already being used.