Stimulus/Economic Impact Payments

Recently, the Internal Revenue Service and the Treasury Department began delivering a second round of Economic Impact Payments as part of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021.

The IRS emphasizes that there is no action required by eligible individuals to receive this second payment. The IRS reminds taxpayers that the payments are automatic, and they should not contact their 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.

To check if your payment has been directly deposited, log into Online Banking or download our mobile app to see any pending deposits from the IRS. You may see a pending deposit anytime between December 30 and several weeks thereafter. Please note we cannot release deposits sooner than the IRS allows. 

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. See below for info regarding the Debit card.

Authorized by the newly enacted COVID-relief legislation, the second round of payments, or “EIP 2,” is generally $600 for singles and $1,200 for married couples filing a joint return. In addition, those with qualifying children will also receive $600 for each qualifying child. Dependents who are 17 and older are not eligible for the child payment.


Who is eligible?

Generally, U.S. citizens and resident aliens who are not eligible to be claimed as a dependent on someone else’s income tax return are eligible for this second payment.  Eligible individuals will automatically receive an Economic Impact Payment of up to $600 for individuals or $1,200 for married couples and up to $600 for each qualifying child.  Generally, if you have adjusted gross income for 2019 up to $75,000 for individuals and up to $150,000 for married couples filing joint returns and surviving spouses, you will receive the full amount of the second payment. For filers with income above those amounts, the payment amount is reduced. 

How can I find out if I will get a payment?

Members can check the status of both their first and second payments by using the Get My Payment tool, available in English and Spanish only on

How does the IRS know where to send my payment?

Taxpayers with direct deposit information on file with the IRS will receive the payment that way. For those without current direct deposit information on file, they will receive the payment as a check or debit card in the mail. For any questions or to check how your payment was sent check for current status.

For those who don’t receive a direct deposit by early January, they should watch their mail for either a paper check or a debit card. Please note that the form of payment for the second mailed EIP may be different than for the first mailed EIP. Some people who received a paper check last time might receive a debit card this time, and some people who received a debit card last time may receive a paper check. IRS and Treasury urge eligible people who don’t receive a direct deposit to watch their mail carefully during this period for a check or an Economic Impact Payment card, which will be sent in a white envelope that prominently displays the U.S. Department of the Treasury seal. Please refer to the News Release at and refer to the “Will people receive a paper check or a debit card?” question.

What will the Debit Card look like and how can I use it?

It has the Visa name on the front of the Card and the issuing bank, MetaBank®, N.A. on the back of the card. Those who receive their Economic Impact Payment by prepaid debit card can do the following without any fees*:

  • Make purchases online and at any retail location where Visa is accepted
  • Get cash from in-network ATMs
  • Transfer funds to their personal bank account
  • Check their card balance online, by mobile app or by phone

This free, prepaid card also provides consumer protections available to traditional bank account owners, including protection against fraud, loss and other errors.

Members may present the card for a cash advance or call to inquire about how to transfer funds to their SECNY account. Instructions are included with the card to let individuals know how to access the available funds and any further questions should be directed to the card issuer. The phone number and website are listed on the back of the card. For more information about the debit card, please visit

*While the IRS indicates the card can be used without any fees, there are stipulations and limitations, including fees being assessed by financial institutions such as Surcharge and foreign ATM fees. More information about these cards is available at

Will I receive anything for my tax records showing I received a payment?

Yes. Those who receive a payment will receive an IRS notice, or letter, after they receive a payment telling them the amount of their payment. They should keep this for their tax records.

Where can I find more information?

For more information about Economic Impact Payments and the 2020 Recovery Rebate, key information will be posted on You may check the status of your payment at For other COVID-19-related tax relief, visit