The President signed the American Rescue Plan Act of 2021 into law on March 11, 2021 which will release a third round of stimulus checks to many Americans. If you are among those to receive a stimulus payment, we wanted to provide you with some important information.
Receiving a Stimulus Payment
If you are eligible to receive a stimulus payment, the U.S. Treasury and the IRS will distribute the first batch of payments by direct deposit. Additional payments will be sent in the coming weeks by direct deposit and through the mail as a paper check or a debit card.
American Partners FCU will not know the specific amount you may receive, when the payment may be deposited into your account, or when a paper check or debit card may arrive. According to the IRS the amount of money you receive is based on the income reported in your most recently filed tax return, 2019 or 2020.
To know if you are receiving a stimulus payment you can go to https://www.irs.gov/coronavirus/get-my-payment, click on “Get My Payment”, and follow the instructions by entering the requested information to find out the payment status.
Payments Received by Automatic Deposit
If you are eligible for a stimulus check, the check will be deposited directly into the account used when you filed your 2019 or 2020 tax return and/or the account used for the previous stimulus payments. You can also check the status of your stimulus payment at this IRS website: https://www.irs.gov/coronavirus/get-my-payment.
Paper Check Received in the Mail
Should you receive a paper check, we urge you to deposit it into your account. Since American Partners is following COVID-19 guidelines you may experience extended wait times at our drive-thru locations.
Remain Vigilant About Fraud
We encourage you to be extra careful with your personal and financial information during this time. Fraudsters will be using the American Rescue Plan stimulus payment program to increase fraud attempts.
Please do not give out your account credentials or share your confidential information with anyone via mail, phone, email, text, or social media. If you receive a suspicious email or text message, you’re urged to not respond, click on links, or open attachments. Visit irs.gov for more information about Coronavirus-related scams.