Information on Economic Impact Payments

The first wave of Economic Impact Payments started arriving in members accounts via direct deposit on April 15th, after which the Treasury will continue issuing payments every Friday.

Individuals who file their taxes electronically and provide the IRS with direct deposit account information will receive payments by ACH direct deposit.  Be sure to check your accounts to see if your direct deposit payment has arrived.

If the IRS doesn’t have your direct deposit information, you can expect a paper check.  Paper checks may take up to 20 weeks, as stimulus payments are being sent in waves and not everyone will receive payments at the same time.  While most Economic Impact payments are being distributed by direct deposit or check, some members are receiving payment in the form of an Economic Impact Payment (EIP) debit card. Find out how to transfer money from your EIP debit card to your Patriot account.

For more information on economic impact payments and to check on the status of your payment visit the IRS web site.