Economic Impact Payments

Preparing for Your Government Stimulus Payment

 

The Federal Government has passed new legislation providing for another round of stimulus payments for individuals meeting the qualifications. You can visit the IRS Economic Impact Payment website for more information.

Some payments may have begun arriving as early as December 29, 2020 with paper checks having started to mail on December 30, 2020. Therefore, customers may see the direct deposit payments as pending or as provisional payments before the official payment date of January 4, 2021.  

We understand that you are counting on receiving your government stimulus payment as quickly as possible. Most recipients will receive their payment via direct deposit. Rest assured that your direct deposit will be available in your Investors Bank Account after the IRS issues your payment. For Social Security and other beneficiaries who received their payments via Direct Express, expect to receive your second payment in the same way. 

You can check your account via online banking or the Investors Mobile App to see if your stimulus payment was deposited into your account. These are easy-to-use tools to help you gain immediate access to your account information. 

If you aren’t currently using these tools, download our Mobile App from the Apple Store or Google Play, or enroll in Online Banking. From either of these, you will be able to easily access your account to determine if your stimulus payment has been posted.


For customers who are receiving their stimulus payment via paper check:

Learn how to use Investors Mobile Check Deposit so you can stay safe by depositing your check from your mobile device, right from our Investors Mobile App.  

Follow these simple steps to make your deposit:

1. After logging in, tap the “Deposit” button in the menu bar at the bottom of the screen. Tap “Deposit a check” from the deposit screen.

2. To begin, endorse the back of the check. Choose your deposit account and enter the check amount. Tap “Take photos” to proceed.

3. Take a photo of the front and back of your check following the on-screen instructions.

4. After taking the photos, tap the “Make deposit” button. This will confirm the check amount and the correct deposit account. You can check the status of your deposit at any time.

 

Protect Yourself From Fraud:

The IRS urges everyone to remain on the lookout for scam artists who are using these payments as cover. The IRS will not call, text, email or contact you on social media asking for personal or bank account information. More information is available at the IRS site. If we reach out to you by phone, we won’t ask for confidential information — such as your card PIN, access code, or online banking password.