The third round of stimulus checks as part of the government's COVID-relief package provides up to $1,400 per household member. Household members may also receive up to $1,400 per qualifying child and adult dependent(s) such as college students and elderly parents.1 Your eligibility and payment amount is determined by the government.
When will you receive your payment?
Many people can expect their stimulus payments to be available in their AllSouth account as soon as, Monday, March 15, 2021. We are processing payments as soon as we receive them from the IRS. Payments are being distributed by the IRS in waves, so if someone you know has received theirs but you haven't yet, it is not cause for concern.
How will you receive payment?
You may receive payment by one of the following ways: direct deposit, paper check by mail, or by a prepaid debit card.
If you have filed your 2020 tax return, your payment will be deposited directly into the same bank account used for receiving your tax refund or for making a tax payment. If you have not filed your 2020 tax return, your 2019 tax return information will be used.
If you received your most recent tax refund (2019 or 2020) via check in the mail, the IRS will mail the stimulus check to the physical address on file. You can easily deposit your check using Mobile Deposit in our Mobile Banking App.2
For more information on these payments, including details on how to calculate the amount of your potential payment, please visit the IRS Coronavirus information page.
Protect yourself from fraud.
Once again, scammers are using the news of the third stimulus payment as a way to steal your personal information and money. If you receive a suspicious email or text message, don't click on links or open attachments and do not respond. Read more about protecting yourself on our blog.