Skip to main content

Stimulus Check Information

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.

IRS Website


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

 


1Individuals with adjusted gross income (AGI) up to $75,000, married couples with AGI up to $150,000, and heads of households with AGI up to $112,500 are eligible for payments. Individuals with AGI of $80,000 or more, married couples with AGI of $160,000 or more, and heads of household with AGI of $120,000 or more are not eligible for payments. Households that fall within the limits for full payment and no payment may receive an adjusted payment amount depending on their AGI. Numbers are based on your most recent tax return filed (either 2019 or 2020 tax return). More information can be found on the IRS Coronavirus information page. 
2 Access to this service may be limited due to eligibility requirements.