December 31, 2020

U.S. Government Issues Second Round of Economic Impact Payments

This week the Internal Revenue Service and the Treasury Department began delivering a second round of Economic Impact Payments to millions of Americans as part of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021.

Please use online and mobile banking for an up-to-date view of account activity.

Some may see the direct deposit as pending or as provisional payments in your accounts before the official payment date of January 4, 2021. The IRS emphasizes that there is no action required by eligible individuals to receive this second payment. Payments are automatic and there is no need to contact financial institutions or the IRS with payment timing questions.

To learn more, read the full announcement at IRS.gov.

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