Stimulus Checks Begin Arriving This Week
Members will begin receiving their government stimulus checks this week. This has caused an abnormally high call volume for Natco’s call center.
If your deposit is in the first round of deposits, it will be posted this Wednesday (4/15). Please check your account Wednesday morning using your mobile banking app, home banking, or PAL to verify if your check has been deposited.
If your deposit is not part of this Wednesday’s file, the EARLIEST it will be deposited is next Wednesday (4/22). Please check your account on 4/22 to see if your deposit was posted.
We will post the files each Wednesday in for the next several weeks.
Eligible taxpayers who electronically filed their taxes in 2018 or 2019 will receive their deposit automatically through direct deposit into the account used for their previous tax filing.
The purpose of the stimulus money is to provide emergency assistance to individuals and families who have been affected by the coronavirus pandemic, so Natco Credit Union WILL NOT be applying these stimulus funds to overdrawn accounts, delinquent accounts, garnishments.
The Treasury Department and the Internal Revenue Service launched a new web tool allowing quick registration for stimulus payments for those who don’t normally file a tax return.
According to the IRS, the Treasury plans to develop a web-based portal in the coming weeks for individuals to provide their banking information to the IRS online. This will allow individuals to receive payments immediately as opposed to checks being mailed.
The IRS has provided important information regarding the stimulus checks on this page – Economic Impact Payments What You Need to Know.