Stimulus Payments On The Way

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Local banks have been swamped with calls from customers asking if they’ve received their stimulus check. The FNB Community Bank in Greenville shared this information with us from the Internal Revenue Service:

The second round of Economic Impact Payments as part of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 began going out Tuesday to Americans who received the first round of payments earlier this year.

The initial direct deposit payments may already be in your account. If not, the payments will continue into next week. Paper checks started going out Wednesday.

The IRS emphasizes there is no action required by eligible individuals to receive the second payment. The IRS reminds you the payments are automatic, and you should not contact your financial institutions or the IRS with payment timing questions.

As with the first round of payments under the CARES Act, most recipients will receive these payments by direct deposit. For Social Security and other beneficiaries who received the first round of payments via Direct Express, they will receive this second payment the same way.

Anyone who received the first round of payments earlier this year but doesn’t receive a payment via direct deposit will generally receive a check or, in some instances, a debit card. For those in this category, the payments will conclude in January. If additional legislation is enacted to provide for an additional amount, the Economic Impact Payments that have been issued will be topped up as quickly as possible.