Understanding your stimulus direct deposit

You may be receiving your stimulus check via direct deposit very soon. When the payments are announced, our call center is likely to be flooded with calls from concerned members resulting in very long hold times. Your time is valuable. Instead of calling us, please read this article. It answers the questions: how can I check on my stimulus payment, and why does it still say it is pending.

Do I need to do anything to get my payment?

No. Eligible individuals don’t need to do anything to receive their payment. Payments are automatic and people need not contact their financial institutions or the Internal Revenue Service (IRS) with questions about the timing of payments.

When can I use my stimulus money?

White House press secretary Jen Psaki said the payments may begin showing up in people’s accounts as early as this weekend. When they do, they will show as pending. Pending means the transaction has been initiated, but not completed. 

When will the funds be released?

Visit the Get My Payment tool on the IRS website to check the status of your payment. Once you have entered your information, you will see the status of your payment, including the date the funds are to be released and the account where the funds are to be deposited.

What if my account has changed?

The Internal Revenue Service (IRS) is sending your stimulus check to the account they have on record. This would be one of the following:

• The account you provided on your 2019 federal income taxes or non-filer registration.
• The account you provided on your 2020 tax return, if you have filed it already.
• The account that was entered into the Get My Payment tool on the IRS website.
• An account provided by a federal agency issuing benefits, like the Social Security Administration, Veterans Affairs or the Railroad Retirement Board.

If your account details have changed, you may see a delay in getting your funds.

Where can I get more information?

Information about your stimulus payment and the 2020 Recovery Rebate will be posted on the IRS website.