As part of the second round of stimulus checks under the COVID-related Tax Relief Act of 2020, individuals may receive a payment of up to $600, or $1,200 for married couples and parents may also receive $600 for each qualifying child.1
How will you receive payment?
If you qualify and filed a 2019 tax return, your payment will be deposited directly into the same bank account used for receiving your tax refund or from making a tax payment. If you didn't file a 2019 tax return, the IRS may still be able to calculate the amount of your refund from benefits you receive from the Social Security Administration, Railroad Retirement Board, or Veterans Administration.
If you received your 2019 tax refund 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
Please note: 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.
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.