December 2020 Stimulus Checks – What You Need to Know
On December 29, 2020 the IRS and Treasury Department began delivering the second round of Stimulus Payments. The IRS stated that all direct deposit payments must be received by January 15, 2021. If your payment is not received by direct deposit and you are eligible for one, you should carefully monitor your mail for a paper check or debit card during the month of January.
Here are important links to help you learn more about Stimulus Payments.
We suggest setting up a Transaction Alert on Online Banking or Mobile Banking to notify you of any large deposits in to your account.
The Federal Trade Commission has warned of scams tied to Stimulus Payments.
- The government won’t ask you to pay anything up front to get this money. Anyone who does is a scammer.
- The government won’t call, text, email, or contact you on social media to ask for your Social Security, bank account, or credit card number. Anyone who does is a scammer.
- There’s no such thing as getting your money early, or faster. Anyone who says they can hook you up now (or soon) is both lying and a scammer.