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Covid Relief Act: Stimulus Checks

The Coronavirus Response and Relief Supplemental Appropriations Act of 2021 authorizes the IRS to distribute an additional round of Economic Impact Payments (EIP), also commonly referred to as stimulus checks. If you are eligible to receive a second payment, you may have questions about when and how you will receive it.

How will I know if I am eligible to receive a stimulus check?

Please visit IRS.gov/EIP. There, you can find details about eligibility and payment amounts.

How will I receive my payment?

Eligible individuals will receive their payments in one of three ways:

  • Direct Deposit: Your check will be deposited into the same account that you used to file your 2019 tax return. However, if you earlier provided the IRS with a different bank account for the first stimulus payment and that payment was deposited there, this second payment will be deposited there as well. The payment will likely be labelled as “IRS TREAS 310 XXTAXEIP2”.
  • Paper Check: If the IRS does not have direct deposit information for you on file, then you will receive a paper check in the mail.
  • Debit Card: You may receive a stimulus payment via prepaid Visa® debit card. Some eligible individuals who received earlier payments via check may this time receive payments via debit card. Please visit the EIP Card website to learn more. 

The account where I received my last payment is now closed. How will I receive my payment?

If you have closed the account where you received your first payment or most recent tax return, you will receive a paper check in the mail. Visit IRS.gov/EIP to learn more about this.

How can I check on the status of my payment?

Please visit IRS.gov/GetMyPayment. The site is being updated frequently, so you may need to check back periodically.

If your payment will be deposited directly into your Columbia Bank account, you can set-up an Alert from within Columbia Connect to let you know when it has arrived.

Setting up an Alert in Columbia Connect is quick and easy.

From within Columbia Connect:

  • From your home screen select Services > Manage Alerts
  • Select “+New Alert” then choose “History alert” from the dropdown menu.
    • Transaction Type - Select “Description”
    • Enter the term “IRS” in the description field
    • Select the account used for the most recent tax return payment or previous stimulus check deposit.
    • Select the Alert Delivery Method through which you would like to receive the alert (Email, Text Message, etc.)

Clients who have previously set up an alert for the last round of stimulus checks can use the same alert for this round of checks, as the payments will be deposited into the same account. 

From within Columbia Connect, to manage an older Alert:

  • From your home screen, select Services > Manage Alerts 
    • Scroll to History Alerts
  • Verify “When an online transaction with a description containing IRS posts, send me a (text, email, etc.)

Not enrolled in online banking?

Enrolling in Columbia Connect is easy. Enroll or visit the app store and download the Columbia Bank app. Once you enroll you can access your accounts from your desktop, laptop, tablet or phone. You will also be able to set up an Alert to be notified when your stimulus check has been deposited.

 
 

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