The government passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act
, which included economic impact payments for individuals, expanded unemployment coverage, expanded ability to access some retirement funds, and more.
Payments for qualified recipients began arriving as direct deposits on April 15 with paper checks and prepaid debit cards
following shortly thereafter. To find out if you’re eligible, the best place to start is the Internal Revenue Service (IRS) website
. If you did not file tax returns, visit the IRS website
has more information on how to enter account information as a “non-filer.”
If you are eligible to receive a payment, you may receive the funds in one of these ways:
- Direct deposit: If you are eligible for a payment and filed a 2019 or 2018 tax return, your payment will be deposited directly into the same banking account you used for tax filing purposes. You can confirm your deposit by logging into online banking, mobile banking or by calling our Call-24 Telephone Banking.
- Paper check in the mail: If you did not give the IRS your direct deposit account information through your federal tax return in the last two years or provide the IRS with your information as a non-filer, you will receive a US Treasury check. The check will be mailed to the address on file at the IRS from the prior year tax return.If you receive a paper check, we encourage you to deposit your check using the SMCU Mobile App or one of the many free ATMs you have access to.
To learn more about qualifications for and timing of economic impact payments and more, please visit the IRS website
Protect yourself from fraud
There are reports of scammers targeting people claiming they need to file claims or provide personal information. We urge you to ignore any phone calls, texts or email requesting information from you to receive your economic impact payment. If you receive a suspicious email or text message, don’t respond, click on links, or open attachments. As a reminder, if we reach out to you, we will never ask for confidential information such as your name, password, personal identification number (PIN) or other account information.
For the most up-to-date information about the Coronavirus, here are a few resources for you: