Second Round of Stimulus Checks/Payments
A second round of stimulus checks, also known as Economic Impact Payments, are in the process of being sent out. Your best option is to login to online banking to see if your payment has arrived. Due to the COVID-19 outbreak, our call volumne is higher than usual. Please note that most services can be handled within online banking.
Review our Q&A for answers to learn what you need to know about your Economic Impact Payment.
Who is eligible for the second Economic Impact Payment?
Generally, U.S. citizens and resident aliens who are not eligible to be claimed as a dependent on someone else’s income tax return are eligible for this second payment. Eligible individuals will automatically receive an Economic Impact Payment of up to $600 for individuals or $1,200 for married couples and up to $600 for each qualifying child. Generally, if you have adjusted gross income for 2019 up to $75,000 for individuals and up to $150,000 for married couples filing joint returns and surviving spouses, you will receive the full amount of the second payment. For filers with income above those amounts, the payment amount is reduced.
Check Your Refund Status here.
How will I receive my stimulus check?
If you filed your taxes and had your refund directly deposited in your account, your refund will be made via direct deposit to the same account your refund was deposited to. If you did not receive your refund electronically, a check will be mailed to you. If you receive a check, deposits are easy using Mobile Deposits right from your phone through our Mobile App. If you receive an EIP Pre-paid card for the first round of stimulus payments, the funds will be added to the same card.
Stimulus Pre-Paid Card Info
The originally issued EIP Card is not a reloadable card. If you received your first stimulus payment this way, you will receive a new card in the mail with your second stimulus payment.
As stimulus prepaid cards arrive in the mail, helpful information on how to withdrawal your funds for fee is here: https://www.eipcard.com
How to transfer money from your EIP card to your FCCU bank account
- Activate your card by calling 1.800.240.8100 (TTY: 1.800.241.9100). Remember, you’ll have to give your Social Security, or Individual Taxpayer Identification Number.
- Then, go to EIPCard.com to register for online access. (Or you can download the Money Network Mobile App and register for mobile app access.)From either place, click on “Register” and then follow the steps to create your User ID and Password. You’ll need your routing and bank account number on hand to link your card to your bank account. If you happen to have an actual checkbook, find the first nine numbers at the bottom of one of your checks. This is your routing number. The ten numbers after that are your bank account number. Our routing number at FCCU is 313084674 and your account number must be 10 digits. If you have a 6 digit account number add leading zeros and add a “2” to the end of the number. For example account #123456 would be 0001234562.
- Once your card and FCCU are linked, choose “Move Money Out” and follow the steps to set up an ACH transfer. Transfers should post to your bank account in 1-2 business days.
What if I discarded or destroyed my EIP Card?
Call Customer Service at 1.800.240.8100 (TTY: 1.800.241.9100) Your original card will be deactivated to prevent anyone from using it and a new replacement card will be order. Your first reissued card will be free and then a $7.50 fee will be applied for each additional card. Go to EIPCard.com for more information. Reminder: the originally issued EIP Card is not reloadable. You will receive a new EIP card loaded with your second stimulus payment and will need to follow the instructions to activate your card.
If I haven’t filed my taxes, will I still get a stimulus?
As long as you have filed your 2018 or 2019 taxes, you will receive a stimulus check as long as you qualify to receive a stimulus check from the IRS. Here is what you need to know about your Economic Impact Payment.
I didn’t file a tax return and didn’t register with the IRS.gov non-filers tool. Am I eligible for a payment?
Yes, if you meet the eligibility requirement. While you won’t receive an automatic payment now, you can still claim the equivalent Recovery Rebate Credit when you file your 2020 federal income tax return.
Why didn’t I get my stimulus payment yet?
The IRS is sending payments in waves. See IRS.gov for more details.
How much will I get?
To determine what you may qualify for, visit IRS.gov to determine what you may qualify for.
Will my stimulus payment be available immediately?
If your payment is received electronically through a direct deposit, the funds will be available to you immediately.
What if my account is overdrawn?
If you are overdrawn in your FCCU account, when the stimulus payment posts, your negative balance will be taken care of first.
Do I have to pay this back?
No. The stimulus payment is for you to keep.
Are more people eligible now for a payment than before?
Under the earlier CARES Act, joint returns of couples where only one member of the couple had a Social Security number were generally ineligible for a payment – unless they were a member of the military. But this month’s new law changes and expands that provision, and more people are now eligible. In this situation, these families will now be eligible to receive payments for the taxpayers and qualifying children of the family who have work-eligible SSNs. People in this group who don’t receive an Economic Impact Payment can claim this when they file their 2020 taxes under the Recovery Rebate Credit.
Is any action needed by Social Security beneficiaries, railroad retirees and those receiving veterans’ benefits who are not typically required to file a tax return?
Most Social Security retirement and disability beneficiaries, railroad retirees and those receiving veterans’ benefits do not need take any action to receive a payment. Earlier this year, the IRS worked directly with the relevant federal agencies to obtain the information needed to send out the new payments the same way benefits for this group are normally paid. For eligible people in this group who didn’t receive a payment for any reason, they can file a 2020 tax return.
Will I receive anything for my tax records showing I received a second Economic Impact Payment?
Yes. People will receive an IRS notice, or letter, after they receive a payment telling them the amount of their payment. They should keep this for their tax records.
Where can I get more information?
For more information about Economic Impact Payments and the 2020 Recovery Rebate, key information will be posted on IRS.gov/eip. Later this week, you may check the status of your payment at IRS.gov/GetMyPayment. For other COVID-19-related tax relief, visit IRS.gov/Coronavirus.