Economic Impact Payment Information for Consumers – Round 2
12/30/2020 – Yesterday, the Internal Revenue Service and the Treasury Department began delivering a second round of Economic Impact Payments as part of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 to millions of Americans who received the first round of payments earlier this year. The initial direct deposit payment may begin arriving as early as tonight for some and will continue into next week. Paper checks will begin to be mailed today, Wednesday, December 30, 2020.
The IRS emphasizes that there is no action required by eligible individuals to receive this second payment. Some Americans may see the direct deposit payments as pending or as provisional payments in their accounts before the official payment date of January 4, 2021. The IRS reminds taxpayers that the payments are automatic, and they should not contact their financial institutions or the IRS with payment timing questions. The IRS has a "Get My Payment" tool that can be used to track your payment status and confirm your payment type (direct deposit or check).
We highly encourage you to set up our deposit alert feature within online banking and mobile banking so that you will be instantly notified when a direct deposit hits your account. If you need assistance setting up this feature, please contact us.
Thank you for your continued patience as we work through the process and in the meantime, please utilize the IRS tool listed above to check your status.