New Stimulus Payments
Posted
on Thursday, December 31, 2020
in
Recent News
What you can expect
As part of the COVID-related Tax Relief Act of 2020, the federal government started to provide a second round of stimulus payments (also known as economic impact payments) to eligible recipients.
How will you receive your payment?
If you are eligible for a stimulus payment, your funds may be automatically deposited into your account or you might receive a check in the mail. You can check the status of your payment on the IRS website.
Automatic Deposit
Your payment may be deposited directly into the same account used when you filed your 2019 tax return or the account number used in the previous stimulus payment program. The payment will be listed as "IRS TREAS 310 XXTAXEIP2".
You can monitor your account and watch for your payment through our online banking or mobile banking app.
Paper Check in the Mail
You will most likely receive a US Treasury Check in the mail if you have not provided the IRS your direct deposit account information in the last two years. The stimulus check will be mailed to the address on file at the IRS from your 2019 year tax return.
We encourage you to use our Mobile Deposit service to deposit your check. Simply take a picture of your check using our mobile banking app and deposit your funds into your account. Learn more here.
Protect Yourself from Fraud
Stay alert! Unfortunately, cybercriminals are taking advantage of the second round of stimulus payments. You may see an increase in fraudulent activity. If you receive a suspicious email or text message, don't respond, click on links or open attachments. If we contact you, we will not ask for any confidential information over the phone or via email.
We are Here for You
We understand these continue to be challenging times. We are committed to taking care of your financial needs. For questions or assistance please send us a message or call 515-232-5561.