COVID-19 Stimulus Payments
Here is what you need to know about stimulus benefits.
December 27th, 2020:
The federal Coronavirus Response and Relief Supplemental Appropriations Act of Dec. 27, 2020 was signed into law providing relief to U.S. consumers and businesses impacted by the coronavirus pandemic. For many members, the most important piece of this legislation are the stimulus payments and the additional unemployment benefits.
Stimulus Checks
The first round of stimulus checks have started being deposited into tax payers bank accounts.
Some HRCCU members will have started to see pending stimulus payments from the IRS in their online bank accounts. Direct deposits will continue to be issued to taxpayers. This includes Social Security beneficiaries who filed federal tax returns that included direct deposit information.
The money will be deposited into the account on the date listed in the deposit. These funds can not be released any sooner. Those receiving paper checks can remote deposit them into their accounts using the mobile app. However, limits do not allow you to deposit any checks over $2,500, so if you receive a stimulus check over this amount, please call or email us.
If you have questions about these payments, please check our Help Center for answers to the most frequently asked questions. If you do not see an answer to your question, please fill out the form to have a representative contact you.
For more information, visit the IRS website.
HRCCU is also offering a number of financial relief options to members impacted by the COVID-19 pandemic.
