Third Economic Impact Payments

4/7/2021 11:00:00 AM
The most recent relief legislation contains provisions for the American Rescue Plan Act of 2021. As always, North Shore Bank is committed to helping our customers receive access to the EIPs quickly, securely, and safely. Please refer to the IRS FAQs to find answers to commonly asked questions, eligibility details, check the status of your payment, and get updates.
 
If you are eligible to receive a payment, the IRS will automatically send your payment to you via direct deposit, paper check, or prepaid card:
 
Direct Deposit
  • If you provided your bank account information in your 2019 or 2020 tax filing, the funds will be sent via direct deposit using the account information you provided.
  • If you had provided your bank account information at irs.gov/coronavirus for previous payments, the funds will be sent via direct deposit using the account information you provided.
  • If you expect to receive stimulus funds by direct deposit, you can keep an eye on your account history by logging in to Online Banking or Mobile Banking or by calling our Easy Access Telephone Banking number at 800-411-3279. The transaction description will likely begin with “IRS TREAS” or something similar. Additionally, you can set up an eAlert to be notified when a deposit has been made to your account.
 
Paper Check by Mail
  • If you did not provide your bank account information in your 2019 or 2020 tax filings or at irs.gov/coronavirus for previous payments, then you may receive a paper check through the mail.
  • North Shore Bank makes it easy for you to deposit checks:
 
Prepaid Card by Mail
  • If you did not provide your bank account information in your 2019 or 2020 tax filing or at irs.gov/coronavirus for receipt of stimulus funds before, then you may receive a Treasury-issued prepaid card.
  • If you receive a Treasury-issued prepaid card and have questions, please go to eipcard.com for instructions: "How to get started" and "How to use your EIP Card".
 
 
Be Wary of Scams
Don’t let fraudsters get to your money, here’s what you need to know.
  • The government won’t ask you to pay anything upfront to get this money. Only a scammer would do that.
  • The government won’t call, text, email, or contact you on social media to ask for your Social Security, bank account, or credit card number. Only a scammer would do that.
  • There’s no such thing as getting your money early or faster. Anyone who says they can help you do that is both lying and a scammer.
  • Find more security tips and information please go to ftc.gov/coronavirus/scams-consumer-advice
 
Please be careful, and if someone tries any of these things, know it’s a scammer and warn others you know. Chances are they’ll get that call, text, or email, too. Also, help us stop scammers by reporting them to the FTC: ReportFraud.ftc.gov.
 
At North Shore Bank, we take your financial security and confidentiality very seriously. Please contact us if you ever have any questions or concerns.
 

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