The second round of “stimulus” payments are here.
The electronic version of the “stimulus” checks –– also known as economic impact payments –– have largely been sent. The Federal Reserve has said, “If you received a payment last time, you don’t have to do anything additional to receive one this time.” Great. Log on to your Community First account to verify funds have arrived.
Paper checks are currently on their way. The U.S. Department of the Treasury began twice-daily mail drops beginning at the end of December, and will continue through mid-January.
The easiest way to deposit a paper check is through the Community First mobile banking app. Remote deposit is a snap. If you are unfamiliar with the free process, go to our “how to” videos page. Banking with us has never been easier.
If you need to come into your LOCAL branch, know that COVID-19 safety protocols limit the number of Members in the branch at any given time.
Remember that if there are two payees on your check, both people need to endorse the back of the check before it can be processed.
Visit the IRS Economic Impact Payments Information Center page should you have questions about eligibility, payment amounts, what to expect, when to expect it and more.
Also, if you need to check your balance, kindly use mobile or online banking if you can. Our locally staffed Call Center has been taking a record number of calls from Members who need additional help.
One last thing: a sudden rush of money from the government attracts scams. If someone offers “help” so that you can get your money faster … don’t!