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Stimulus Payments because of Covid-19

Stimulus (Economic Impact) Payments

General information about COVID-19 Stimulus (Economic Impact) payments.

Stimulus (Economic Impact) Payments:

The IRS (Internal Revenue Service) will distribute Stimulus (Economic Impact) payments using information that they have on file for each eligible individual or family.

For most recipients, payments will be deposited directly into the same account that they have most recently used for their tax refund or monthly Social Security payment. Others will receive paper checks or an Economic Impact Payment (EIP) Card in the mail from the IRS, at the address that they have on file for that individual.

The IRS Economic Impact Payment Information Center website has detailed information on eligibility, requesting, calculating and receiving payments.

The IRS Get My Payment website can provide you information on the status of your payment, payment type (direct deposit or paper check) and how to set up a direct deposit, if available.

Frequently Asked Questions

Here are some important questions and answers you may find useful when expecting your stimulus payments.

Monitor your account, by using the DCU Mobile app or by logging into Online Banking.

Tip: You may request to receive alerts or notifications regarding your DCU accounts via text messages or emails. Learn more.

In some situations, you may be able to update your account information. Visit the IRS Get My Payment website to learn more.

All direct deposit payments received are deposited on the date set by the Treasury. The IRS Economic Impact Payment Information Center website has detailed information on eligibility, requesting, calculating and receiving payments.

If you have checked your payment status and your payment has been sent to a now closed account, or an account on which the account number has changed, the deposit will be automatically rejected and the IRS will issue a paper check to the address they have on file. This is generally the address on your most recent tax return or as updated through the United States Postal Service (USPS). You do not need to call the IRS to change your payment method or update your address at this time.

You may deposit your check without having to leave home using DCU's Online Deposit. Online Deposit allows you to deposit checks from anywhere, anytime with your camera-equipped smart phone or tablet computer or a scanner attached to your PC or Mac. Learn more.

Visit the IRS website for information regarding eligibility, requesting, calculating and receiving payments.

The IRS is responsible for the timing, amount and distribution of these payments, and has stated that payments will be sent in waves over the course of multiple weeks. For more information, please visit the IRS website.

The Economic Impact Payment (EIP) Card is a prepaid Visa® debit card that contains the money you are receiving as a result of the Coronavirus Aid, Relief, and/or Economic Security Act (CARES Act). These debit cards are being issued to eligible recipients by the IRS. For more information including FAQs, please visit the EIP website.

Additional Resources 

To learn more about DCU's ongoing operations, financial relief programs, and COVID-19 preparedness, please visit this webpage.