The Internal Revenue Service and Treasury department issued a second round of stimulus checks that began starting January 4th, 2021. Here are some frequently asked questions regarding the second round of stimulus checks for Americans:

2nd Round of Economic Impact Payments

Payments are automatic for eligible taxpayers?

Payments are automatic for eligible taxpayers who filed a 2019 tax return, those who receive Social Security retirement, survivor or disability benefits (SSDI), Railroad Retirement benefits as well as Supplemental Security Income (SSI) and Veterans Affairs beneficiaries who didn’t file a tax return. Payments are also automatic for anyone who successfully registered for the first payment online at IRS.gov using the agency’s Non-Filers tool by November 21, 2020 or who submitted a simplified tax return that has been processed by the IRS.

Who is eligible for the second Economic Impact Payment?

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 do I find out if the IRS is sending me a payment?

People 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 IRS.gov. The tool is being updated with new information, and the IRS anticipates the tool will be available again in a few days for taxpayers.

How will the IRS know where to send my payment? What if I changed bank accounts?

The IRS will use the data already in our systems to send the new payments. Taxpayers with direct deposit information on file 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 those eligible but who don’t receive the payment for any reason, it can be claimed by filing a 2020 tax return in 2021. Remember, the Economic Impact Payments are an advance payment of what will be called the Recovery Rebate Credit on the 2020 Form 1040 or Form 1040-SR.

Will people receive a paper check or a debit card?

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. To speed delivery of the payments to reach as many people as soon as possible, the Bureau of the Fiscal Service, part of the Treasury Department, will be sending a limited number of payments out by 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 is sponsored by the Treasury Department’s Bureau of the Fiscal Service and is issued by Treasury’s financial agent, MetaBank®, N.A. The Economic Impact Payment Card will be sent in a white envelope that prominently displays the U.S. Department of the Treasury seal. It has the Visa name on the front of the Card and the issuing bank, MetaBank®, N.A. on the back of the card. Information included with the card will explain that this is your Economic Impact Payment. More information about these cards is available at EIPcard.com.

Are more people eligible now for a payment than before?

Under the earlier CARES Act, joint returns of couples where only one member of the couple had a Social Security number were generally ineligible for a payment – unless they were a member of the military. But this month’s new law changes and expands that provision, and more people are now eligible. In this situation, these families will now be eligible to receive payments for the taxpayers and qualifying children of the family who have workeligible SSNs. People in this group who don’t receive an Economic Impact Payment can claim this when they file their 2020 taxes under the Recovery Rebate Credit.

Is any action needed by Social Security beneficiaries, railroad retirees and those receiving veterans’ benefits who are not typically required to file a tax return?

Most Social Security retirement and disability beneficiaries, railroad retirees and those receiving veterans’ benefits do not need take any action to receive a payment. Earlier this year, the IRS worked directly with the relevant federal agencies to obtain the information needed to send out the new payments the same way benefits for this group are normally paid. For eligible people in this group who didn’t receive a payment for any reason, they can file a 2020 tax return.

I didn’t file a tax return and didn’t register with the IRS.gov non-filers tool. Am I eligible for a payment?

Yes, if you meet the eligibility requirement. While you won’t receive an automatic payment now, you can still claim the equivalent Recovery Rebate Credit when you file your 2020 federal income tax return.

Will I receive anything for my tax records showing I received a second Economic Impact Payment?

Yes. People 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 get more information?

For more information about Economic Impact Payments and the 2020 Recovery Rebate, key information will be posted on IRS.gov/eip. Later this week, you may check the status of your payment at IRS.gov/GetMyPayment.

How can I deposit a check that’s been mailed to me?

If you do receive a check from the IRS in the mail you can use Remote Deposit Capture on our free mobile app to deposit into your NCFCU account. If you’re depositing a check using Remote Deposit Capture, please remember to endorse the back of the check with:

• For Remote Deposit only – NCFCU
• Your signature

If this information is not present, your deposit may be delayed or unable to process. We’re also happy to help you deposit your check at one of our branch locations.

What is an Economic Impact Payment?

An Economic Impact Payment, previously referred to as the Federal Stimulus Check, Coronavirus Check, or Coronavirus Stimulus Check, is a stimulus tax rebate distributed by the Internal Revenue Services (IRS) to eligible taxpayers. These payments are sent automatically from the IRS. The credit union does not get notified when Economic Impact Payments are deposited or mailed. The credit union also does not have any control over when or if an Economic Impact Payment is received. You can visit the IRS Get Your Payment Portal to check your payment status. Please note, due to increased traffic to online platforms surrounding days when Economic Impact Payments are distributed from the IRS, you may experience service interruptions when trying to log in to your account(s) or when trying to access the IRS Get Your Payment Portal.

Am I eligible for an Economic Impact Payment?

We encourage you to visit the IRS Economic Impact Payment Information Center for specifics related to Economic Impact Payment eligibility and if you need to provide additional information in order for the IRS to complete processing your potential payment.

How will I get my Economic Impact Payment?

1. DIRECT DEPOSIT: If you used direct deposit to get your tax refund in 2019 or 2018, the IRS will direct deposit your Economic Impact Payment into that account.
2. PAPER CHECK: If you did not use direct deposit and you do not choose to input your information on the IRS Get Your Payment Portal before your payment has been processed, you will receive a check in the mail.
3. ECONOMIC IMPACT PAYMENT CARD: According to the IRS website, “Some payments may be sent on a prepaid debit card known as The Economic Impact Payment Card…If you receive an Economic Impact Payment Card, it will arrive in a plain envelope from Money Network Cardholder Services.” If you receive an Economic Impact Payment card or have additional questions, the IRS states you should visit We encourage you to visit the EIPcard.com for more information.

The Get Your Payment Portal provided by the IRS allows you to check your payment status, confirm your payment type, and enter your bank account information for direct deposit. Please note: no one will call, text, email, or contact you on social media from NCFCU or the IRS to confirm bank or personal information.

When do I get my Economic Impact Payment?

There are multiple factors that contribute to when an Economic Impact Payment would be received. The best place to find information regarding payment status, payment type, and expected delivery is the IRS Get Your Payment Portal. As a reminder, these payments are sent automatically from the IRS. The credit union does not get notified when economic impact payments are deposited or mailed. The credit union also does not have any control over when or if an economic impact payment is received.

What if I’m not required to file a tax return?

The IRS will use information from Form SSA-1099 or Form RRB-1099 to determine economic impact payments for senior citizens, Social Security recipients, and railroad retirees. Visit the IRS Non-Filers webpage at the button below for specifics on what information, if any, the IRS needs in order to complete your payment.

What if I have questions on the Economic Impact Payment?

We encourage anyone who has questions regarding the Economic Impact Payment to visit the IRS website, as they are the direct source for all information regarding this payment and process. Updates are available on their website as information becomes available. The IRS Economic Impact Payment Information Center includes information on eligibility, accessing the Get My Payment Portal, payment status, address changes, and error messages received on the IRS website.

• IRS Coronavirus Relief Information Page
• IRS Economic Impact Payment Information Center
• IRS Home Page

Where do I find my direct deposit information?

NCFCU routing number is 231382555. Our routing number can also be found on the homepage of our website. and at the bottom of your checks. Your full account number can be found on your checks, to the right of the routing number and in online banking under account details of your savings or checking. Contact the credit union if you need assistance finding the routing or account number.