The US Treasury and Internal Revenue Service (IRS) are in the process of distributing a second round of Economic Impact Payments (also known as “stimulus payments”) to eligible Americans (generally, U.S. citizens or U.S. resident aliens).
You should know that these payments are being made directly by the IRS. As a result, we cannot advise on your eligibility to receive a payment, timing or amount of payments, or any other details beyond what information you can access directly from the IRS.
We encourage you to use the links below to learn more:
If your BFSFCU account information and routing information is on file with the IRS as part of your 2018 or 2019 tax return for payments or refunds, you may receive your payment electronically. Please log in to Digital Banking and review recent activity for a deposit.
If you received an EIP Card for the first Economic Impact Payment, it does not mean you will receive an EIP Card for second payment; you may receive a check. If you received a check for the first payment, you may receive an EIP Card for the second payment.
What to do if you receive a check in the mail
If you receive a payment as a physical check in the mail, you can use Digital Banking to deposit it to your BFSFCU account with your smartphone.
Remember: You must sign the back of the check and write “For BFSFCU Mobile Deposit Only” before depositing the check.
What to do if you receive a debit card in the mail
The EIP Card will be sent in a white envelope from “Economic Impact Payment Card,” and will display the U.S. Department of the Treasury Seal. The card has the Visa name on the front and the issuing bank, MetaBank®, N.A., on the back. Information included with the EIP Card will explain that this is your Economic Impact Payment. If you receive an EIP Card, visit EIPcard.com for more information.
Watch Out for Scams
Unfortunately, a number of scams have surfaced that attempt to take advantage of people expecting stimulus payments. Please keep the following in mind:
- The federal government will never ask you for personal or financial information online or via email.
- You will never be asked to verify your personal or banking information over the phone or via text.
The only website you should visit for information about your potential stimulus payment is www.irs.gov.