A third round of stimulus payments was signed into law on March 11 and funds could start arriving in accounts as soon as the beginning of the week of March 15.
Please note your payment may show pending in your account, but we are unable to release it prior to the post date provided by the IRS.
See below for additional FAQ and how to set up an alert in online banking to monitor the deposit into your account.
The IRS also has put together a page with additional information.
Set up a Deposit alert in Online Banking to know when your stimulus payment arrives:
1. Log in to Online Banking
2. Click e-Alerts
3. Click Add Alert in the secondary menu across the top
4. From the "Select Alert Type or Account" drop down menu, select the the account in which you receive direct deposits (either your Checking or Savings)
5. Click the checkbox for "Deposit Transaction Alert" and put in a minimum balance amount of $500.00. A minimum balance is required for the alert to work.
6. Click Save. You should get a prompt that says Update(s) complete. You will now receive an alert when logging into online banking once that deposit has been conducted!
Federal Stimulus FAQs
Each eligible taxpayer can receive up to $1,400, plus an additional $1,400 per dependent. That means that a family of four with two children could receive $5,600.
If someone has claimed you on their most recent (2019 or 2020) tax return, you are not eligible to receive a payment.
Families earning less than $150,000 a year and individuals earning less than $75,000 a year should get the full $1,400 per person. Families earning up to $160,000 per year and individuals earning up to $80,000 per year will receive stimulus checks for a smaller amount.
Unlike the previous two rounds, you will receive stimulus payments for all your dependents, including adult dependents and college students.
You can use this calculator from Kiplinger to estimate your payment.
If you completed 2019 or 2020 taxes that included a direct deposit return the IRS will automatically deposit your payment to the bank account provided and the payment will look like a Tax Refund.
Paper Check / Debit Card
If the IRS does not have your bank information to do a direct deposit, a check or pre-paid debit card will be mailed to you based on the latest recorded address information the U.S. Treasury has on file.
Taxpayers who have previously filed electronically and who have previously provided the IRS their direct deposit information will begin receiving their payments as early as the week of March 15 and will continue into the next week.
People who haven’t provided their direct-deposit information to the IRS previously will likely face a longer wait, for a paper checks.
For senior citizens, Social Security recipients, or railroad retirees:
Yes, the IRS will use the information on the Form SSA-1099 or Form RRB-1099 to generate payments to recipients of benefits reflected in the Form SSA-1099 or Form RRB-1099 who are not required to file a tax return and did not file a return for 2019 or 2020.
Since the IRS wouldn't have information regarding dependents for these people, they would receive $1,400 per person. However, you have qualifying children under age 17, use this application to claim the payment per child.
For anyone else who does not fit into one of the groups above:
Other non-filers will need to visit the IRS website and complete a free form to determine their eligibility and register for payment.
No. As with the previous stimulus payments, the third payment won't be included in your taxable income.
The IRS is not sending payments all at once. Taxpayers who have previously filed electronically and who have previously provided the IRS their direct deposit information will begin receiving their payments as early as the week of March 15.
People who haven’t provided their direct-deposit information to the IRS previously could face a longer wait for paper checks or debit cards.
It's also possible you did not qualify to receive a payment.
Keep the check for 60 days. After 60 days and confirmation of deposit (via your account history online or monthly account statement) you may destroy the check if you wish.
No. If you had your 2019 tax returns prepared and had the preparation fee taken from your 2019 refund by HR Block, you will receive the Stimulus Payment through META Bank (HR Block). When checking your statement, you will see META Bank as the ACH Deposit, not IRS Treasury.
If you haven’t filed yet for 2020 but filed a 2019 federal tax return, the IRS will use the information from 2019 tax filings to determine your eligibility for a Federal Stimulus Payment.
The IRS has launched Get My Payment to help you check the status of your payment.. The Get My Payment portal will allow people to:
- Provide their bank account information so they can receive their payment quicker rather than wait for a paper check.
- See the status of their payment.
- The date their check will be deposited or mailed.