The third round of Economic Impact Payments are currently being processed by our team and will be posted on Tuesday, March 16, 2021. Here is some helpful information regarding the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
How much am I scheduled to receive?
You can find out how much your Economic Impact Payments will be at https://www.irs.gov/coronavirus/get-my-payment.
When will I receive my payment?
Payments are coming in waves, meaning that not everyone will receive their economic impact payment at the same time. Our team is working to process these payments as quickly as possible. Please check your account in online or mobile banking to see the status of the deposit. Note that Online and Mobile Banking may take additional time to load due to the increased number of members checking their accounts at the same time.
Who is Eligible for the Economic Impact Payment?
Eligible taxpayers who filed tax returns for either 2020 or 2019 will automatically receive an economic impact payment. If you are eligible and the IRS does not have your ACH information for direct deposit, you can expect to receive funds by check in the mail. Or you can submit your direct deposit information with them here: https://www.irs.gov/coronavirus/economic-impact-payments
Didn’t get the first and second payments?
According to the IRS all first and second Economic Impact Payments have been sent. If you did not receive these payments or did not receive the full amount that you were eligible for, you may be eligible to claim the 2020 Recovery Rebate Credit
. To receive this credit, you must file a 2020 tax return even if you are not required to file.
You can check the status of you Economic Impact Payment here: https://www.irs.gov/coronavirus/economic-impact-payments