Economic Impact Payments

Get the information you need.

As part of the CARES Act recently passed by Congress, you may receive an Economic Impact Payment, or EIP (also known as a stimulus check) in the coming weeks. The Treasury Department and the Internal Revenue Service will begin distributing these payments to eligible individuals and households as early as April 15.

You can check the status of your payment directly at the IRS Website under "Get My Payment".

Who’s eligible for an Economic Impact Payment?

  • Individual tax filers with adjusted gross income up to $75,000 will receive the full payment of $1,200, plus $500 for each eligible child.
  • Married couples filing jointly with adjusted gross income up to $150,000 will receive the full payment of $2,400 plus $500 for each eligible child.
  • For filers with greater incomes, the payment amount is reduced by $5 for each $100 above the $75,000/$150,000 thresholds. 
  • Social Security recipients, railroad retirees and those who are not required to file a tax return are also eligible.
  • Individual filers with income exceeding $99,000 and joint filers with income exceeding $198,000 are not eligible.
  • Visit the Economic Impact Payments page at for more information on eligibility.

What do I need to do to receive my payment?

If you filed federal income taxes in 2019 or 2018, no action is required. The IRS will calculate and automatically send the Economic Impact Payment to those who are eligible.

  • If you’ve already filed your 2019 tax returns, the IRS will use this information to calculate the payment amount. If you haven’t yet filed your return for 2019, the IRS will use information from your 2018 tax filing to calculate the payment.
  • If you supplied direct deposit information to the IRS on your tax return, the Economic Impact Payment will be deposited directly into the bank account reflected on your return.
  • If you are a senior citizen, Social Security recipient or retired railroad worker who is not otherwise required to file federal tax returns, the IRS will use the information on Form SSA-1099 or Form RRB-1099 to calculate and direct your payment.
  • For additional questions, please visit the Economic Impact Payments page at

What if I receive a paper check?

If you receive an Economic Impact Payment in the form of a physical check through the mail you can stop by any of our locations and deposit that through our drive-up or we also have mobile deposit available for our customers through the mobile app. *Some deposit limits apply so please contact us prior to utilizing this feature. 

How will I know when my Economic Impact Payment has been deposited?

As always, you can use online banking and mobile banking to monitor your account balance and transactions as often as you wish.

To be notified in real time, we recommend setting up a transaction alert (in either online banking or the app). You can choose to be notified by text or email whenever a deposit or withdrawal is made on your account.

Beware of scams.

Look out for suspicious emails and text messages and be extra careful when giving out personal information.