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Stimulus Payment Updates

The Federal government recently passed a third stimulus bill to provide economic relief in response to COVID-19.

Eligibility Information

Just like the two other relief bills, this version also creates direct payments to Americans. This time around, eligible recipients can expect:

$1,400 per person ($2,800 for couples), including adult dependents—a family of four could receive up to $5,600. However, payment parameters are stricter this time around than with the previous direct payment. The full amount will go to individuals earning under $75,000 (or $150,000 for couples), with payments cut off entirely for individuals earning over $80,000 (or $160,000 for couples). Individuals earning an amount between those figures will receive a reduced sum.

Payment Details

To determine your eligibility and the status of your stimulus payment from the IRS, please visit the Get My Payment page. It’s important to note that the IRS will send payments in waves and you can use the IRS’s payment tracking tool to check on the status of your payment and whether additional information from you is needed by the IRS.

Please be aware that there are different methods for payment distribution. Not all consumers will receive funds through direct deposit; some will receive a check or debit card via U.S. Mail.

Where’s My Stimulus Payment?

Direct Deposit Checks

If you would like to know when your check has been deposited, you can set up account alerts through our Digital Banking system, which takes the guess work out of wondering if your stimulus money has arrived.

EIP Debit Card Information

If you receive an EIP debit card, first you will need to activate it and set a PIN by calling Money Network Financial at 800.240.8100. Once activated, it can be used anywhere Visa® Debit Cards are accepted. Please see the FAQs on the EIP Card website for more information on other ways you can utilize your card.

Hard Copy Checks

If you receive a hard copy check in the mail, you can deposit your stimulus dollars by visiting any of our eight convenient branch locations or by utilizing our mobile check deposit tool.

Scam Warnings

Please be aware that the IRS has issued several warnings about scams related to stimulus payments. Remember to not give out your personal or bank account information to anyone and don’t click on links from email senders you don’t know or don’t recognize. Be sure to check the IRS website for updates and additional details.

Questions?

Please don’t hesitate to email us or call us at (360) 754-3400. Thank you!