Stimulus Payments

Economic Impact / Stimulus Payments:  What United Bank Customers Need to Know – updated 3/15/2021


The IRS announced that the third round of economic impact payments authorized by Congress in the American Rescue Plan Act will begin reaching Americans over the week of 3/15/21.
 
Watching for your ACH credit? Anticipate high call volume. United Bank offers several ways to self-serve and get your immediate account info: (1) call our automated phone service at (770) 567-2400; (2) text banking customers can text 'BAL' for account balance, or 'HIST' for the last 5 transactions posted to their account; (3) online banking customers can set up email notifications for incoming ACH credits.  Learn more.
 
Those eligible will automatically receive an Economic Impact Payment of up to $1,400 for individuals or $2,800 for married couples, plus $1,400 for each dependent. Unlike the first two rounds of payments, families will get a payment for all their dependents claimed on a tax return, not just their qualifying children under 17.
 
Where can I get current information regarding the economic stimulus payments?

Visit https://www.irs.gov/coronavirus-tax-relief-and-economic-impact-payments for the latest information.

When will the payments begin to disburse?

The Treasury Department began processing ACH credits with an effective date of 3/17/2021.  The IRS will send the majority of payments via direct deposit, as they did in prior rounds.  

How can I determine the status of my stimulus payment?

The IRS has provided an online tool to inquire of the status of your payment.  Visit https://www.irs.gov/coronavirus/get-my-payment to get a daily update on your payment and its status.

How will the IRS know where to send my payment? 

The IRS will use data already in its systems to send the third stimulus payments. Taxpayers with direct deposit information on file will receive the payment that way. Those without current direct deposit information on file will receive the payment as a check or debit card in the mail.

If I am not typically required to file a tax return, can I still receive my payment and is any action required on my part?

The IRS has created a resource to assist non-filers. Go to https://www.irs.gov/coronavirus/non-filers-enter-payment-info-here

How much money can I withdraw at one time from a United Bank ATM using my Direct Express Federal benefit card?

You may withdraw up to $500 at one time from a United Bank ATM using your Direct Express card. You may complete multiple transactions if you need to withdraw more than this amount.  There is no surcharge when you use your Direct Express card to withdraw funds at a United Bank ATM.

How will United Bank handle my stimulus payment that is being sent by ACH direct deposit? 

The Bank will automatically credit your stimulus payment to your account provided the account is open.  If your account is closed, dormant or charged-off, the payment will be returned to the IRS.  The IRS will then convert your payment to a check and mail to your last address from their files.

Will United Bank cash the economic stimulus checks?

We will cash these checks for customers who currently have an active banking relationship with United Bank.

What are the requirements for United Bank to cash a stimulus check?

  1. Recipient must have an open United Bank account
  2. Present state-issued identification for each payee on the check
  3. Provide proper endorsement by each payee on the check

Will someone from the IRS or the Bank ever call me to gather personal information over the phone regarding my stimulus payment?

No, the IRS nor the Bank will call you and ask for you to provide confidential information over the phone.  This is a common way for fraudsters to take advantage of consumers.  Never volunteer your confidential data over the phone to someone who has called you unsolicited. If necessary, hang up and call United Bank directly to verify the inquiry.


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