Helpful Information About the Latest Government Stimulus

As we all continue to manage the challenges of COVID-19, we understand you may have questions regarding the recent approval of new federal stimulus payments. Under the COVID-19 Relief Act, these payments are intended to provide financial relief from the impact of the Coronavirus pandemic. Please see the helpful information below to learn if you qualify for the stimulus, when your funds will be available or the status of your payment.

When can I expect to receive my Economic Impact Payment/Stimulus?
Under the recent supplemental Coronavirus Response and Relief Act of December 27, 2020, payments must be made by the IRS by January 15, 2021. You may check your qualification and/or status of your payment at
How soon will my stimulus funds be available once deposited to my Premier America account?

•  Funds deposited via ACH will be immediately available once the payment has posted to
    your account.
•  Funds deposited via check at a Premier America/Shared Branch will be immediately
•  Funds deposited via check at a Premier America/CO-OP Network ATM will typically be
    available the first business day following the day the deposit was made. ATM deposits are
    subject to review and funds may be held for the standard hold period of 4 business days.
•  Funds deposited via check through Mobile Deposit will typically be available the first
    business day following the day the deposit was made. Mobile deposits are subject to
    review and funds may be held for the standard hold period of 4 business days.

Can I update my Direct Deposit information now to have the second stimulus payment be deposited to my Premier America account?
Unfortunately, no. The deadline for individuals to supply their Direct Deposit information has already passed. The IRS will use the banking information it already has to make payments.

Is this second stimulus payment exempt from garnishment?
Yes. This is different than the first round of stimulus payments under the CARES Act.

If my account is overdrawn, will a portion of my stimulus payment withheld?
If your account has a negative balance at the time your stimulus payment is deposited, our system automatically applies funds deposited to your account towards a negative balance to bring the account current. In accordance with state and federal orders, we will be making the stimulus funds that were applied to your negative balance, available to you at a future date. At this time, our system cannot immediately credit the funds to your account once they’ve been applied against a negative balance. We will notify you directly as soon as these funds are available to you.
Are Payments 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 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, individuals 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?
To check the status of your stimulus payment, please visit
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
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 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, please visit To check the status of your stimulus payment, please visit

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