Stimulus Checks FAQs
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What you need to know about the second round of checks
Delivery of a second round of stimulus payments began in late December. Officially known as Economic Impact Payments (or EIPs), these checks are part of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021.
Most payments will arrive by direct deposit to the account information on file with the IRS. In other cases, eligible recipients will receive a paper check or debit card by mail.
How do I know when I’ve received my second stimulus check?
Use Numerica’s Online Banking or Mobile App to be on the lookout for your stimulus payment. (Please note we are expecting high call volume as a result of these payments, so using these online tools should save you time.)
At Numerica, each day’s Economic Impact Payments will post by 9 a.m. PST.
When should my check arrive by?
According to the Internal Revenue Service (IRS), most direct deposit payments will arrive by early January, while paper checks and debit cards may take longer.
What if I haven’t received my second stimulus check yet?
If the information the IRS has on file is incorrect, you may experience a delay.
To see if your check has been sent or to confirm your payment type, visit irs.gov/getmypayment.
What do I need to do to receive my payment?
Nothing. If you are eligible, the payment should reach you automatically using the information the IRS already has on file.
What if my information is now different?
Stimulus payments sent to accounts that are incorrect, missing, or closed will be returned to the IRS.
If your account information has changed, provide the IRS with updated information as soon as possible. Numerica members can find their full account number on the “Account Summary” page of Online Banking.
Then, visit the IRS to update your information.
Am I eligible for a second stimulus check?
To be eligible for a stimulus payment, you must:
- Be a U.S. citizen or resident alien
- Not be claimed as a dependent by another taxpayer
- Have adjusted gross income under certain limits (see below, “How much will my stimulus check be?”)
People who filed a 2019 tax return, receive Social Security retirement, survivor or disability benefits (SSDI), or Railroad Retirement benefits should automatically receive a stimulus check. This is also true for people with Supplemental Security Income (SSI) and Veterans Affairs beneficiaries who didn’t file a tax return.
How much will my stimulus check be?
As of December 30, 2020, eligible individuals will receive up to $600 for individuals or $1,200 for married couples and up to $600 for each qualifying child.
In order to receive the full amount, the adjusted 2019 income for individuals can be up to $75,000 ($150,000 for married couples filing jointly). Above those amounts, the payment is reduced, or the individual may not be eligible.
For more on the second stimulus payments, view the IRS press release.
How should I use my stimulus check?
That’s up to you, and everyone’s needs are different. First, focus on your necessities (housing, food, utilities, and transportation). Make a plan from there.
Do you need to pay your bills?
Priority 1 is to stay on your feet. Even if you need to make the minimum payment now, stay current on your bills, focusing on your mortgage/rent.
Do you have a reliable emergency fund?
If you don’t need the stimulus money to pay your bills right now, saving for a potential personal financial crisis down the road can ease the strain of job losses, unexpected medical costs, or home repairs.
Looking for a tool to help you save? Consider Round Up to Savings, which uses your everyday purchases to build a savings account automatically.
Are you in a place to support the economy?
Once you have paid your bills and continued saving, consider spending some money locally. Order takeout from your favorite neighborhood restaurant, buy a gift from a nearby shop, or grab a treat from a locally owned bakery. Before you order something from a big box store or online, think about the impact your purchase can have on a small business in your community.
Can I cash my paper stimulus check at Numerica?
To support social distancing and reduce traffic in our branches, we are only cashing paper stimulus checks from Numerica members at this time.