Economic Impact Payments (EIP)

The Coronavirus Aid, Relief and Economic Security Act (CARES) will result in approximately 150 million EIP payments being made, with disbursements commencing last week.  The U.S. Treasury has made it a priority to transmit as many of these payments by ACH as possible, but will also rely on check for a significant portion of these payments when ACH information is not available.  The anticipated timing for these payments is as follows:

  • ACH Payments Round One:  April 15
  • ACH Payments Round Two: April 22
  • ACH Payments Round Three: April 29
  • Potential for additional ACH rounds of stimulus payments: Over time
  • U.S. Treasury Check Payments Round One:  Beginning the week of April 20th (details are subject to change) 
Resources can be found below:
 

Treasury Check Verification

IRS EIP Payment Registration Site for Tax Non-Filers

IRS Site for Consumers to Check Status of EIP Payments

Nacha ACH Network Rules Pandemic-Related Frequently Asked Questions

How to use your Economic Impact Payment prepaid debit card 


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