Stimulus Checks: What You Need to Know About the Government-Issued COVID Relief Checks

Many Americans are receiving payments from the federal government through the Internal Revenue Service (IRS) as part of the federal government’s coronavirus relief programs. RBFCU members can expect to receive these payments through direct deposit into their accounts.

If you do not receive funds via direct deposit, the IRS will mail a check to the physical address on file for Americans who received their 2019 or 2018 tax refund through the mail. Whether you receive a direct deposit, or if you deposit the mailed check with RBFCU, your funds from the IRS are available immediately in most cases.

For questions relating to incoming direct deposits or mailed checks, including how much you should expect to receive and how you can get a check if you did not file tax returns, the IRS should be able to provide an answer. You can find the information at the IRS Coronavirus page.

You can check with RBFCU to confirm your direct deposit by signing in to your Online Banking account on or the RBFCU Mobile app. These deposits will be processed to your RBFCU account in the same way that a tax return deposit is posted, as the funds are received. The processed items can be identified by Company Name ‘IRS TREAS 310’ with a company entry description ‘XXTAXEIP2’.

RBFCU encourages all members to be on guard for individuals that contact you and identify themselves as a representative of the IRS. This could be a fraudulent attempt to steal our members’ personal information or money. The IRS will not call, text or email you asking for personal or bank account information.

For information on subjects related to the IRS payments, including the process to ensure that you receive your payment, read the FAQs below.

Economic Impact Payment FAQs

  • When will I receive my economic impact payment (EIP)?

    While we don’t have an exact date, the U.S. Department of the Treasury has indicated checks will appear in bank accounts starting the week of Monday, Dec. 28, 2020. For more information, please find information from the IRS at 

  • What do I need to do to receive my EIP?

    If you filed a tax return for 2019, the IRS will use the same information to calculate the payment amount. If you haven’t filed a tax return for 2019 yet but you did for 2018, the IRS will use that information from 2018 tax filings to make the EIP calculations.

    For Social Security and Railroad Retirement recipients who did not file a tax return in 2018 or 2019, no action is needed. The IRS will use the information from the SSA-1099 and Form RRB-1099 to create the EIP either by direct deposit or paper check, depending on how you usually receive benefits.

    If you are not required to file a tax return but you are still eligible for the EIP (ex: low income worker or certain veterans and individuals with disabilities) you can visit the tool: to check if they have a filing requirement.

  • What if I don't receive my payment?

    For security measures, the IRS plans to mail a letter regarding the EIP to a taxpayer’s last known address within 15 days after the payment has been funded. The letter will offer details on how the payment was made and what steps to take if you did not receive the payment. If you ever feel uncertain that this is not a legitimate letter, make sure to visit to protect yourself against potential scam. The IRS will not call, text, or email you asking for personal or bank account information. Please be on guard for attempts for fraudsters to try and steal personal information or money.

  • What if I never received a payment from the first round of stimulus checks?

    If you did not receive an EIP, or it wasn't in the full amount, during the first round of stimulus checks that began in April 2020, the deadline to register online has passed. However, you may still be eligible to receive a payment in 2021 through a Recovery Rebate Credit on your 2020 taxes. Please check the IRS Economic Payment Information Center for more information.

There are two additional ways RBFCU can help with your IRS check.

First, if you received it through the mail, you can use the RBFCU Mobile app to deposit it (see instructions below) and make your funds available now. If you haven’t already done so, be sure to download the RBFCU Mobile app through Apple’s App Store or the Google Play Store for Android devices.

How to make a Mobile Deposit using the RBFCU Mobile app

1. Get started

Sign in to the RBFCU Mobile app, and tap "Mobile Deposit" at the bottom of the screen.

2. Sign

Endorse your check by signing your name on the back, then add “For mobile deposit only,” your account number and the date.

3. Select account

Using the drop-down menu at the top of the screen, select the account where you’d like to deposit the check.

4. Snap!

Tap the “Front” and “Back” camera icons to take photos of the front and back of the check using your mobile device’s camera, and follow the prompts.

5. Verify

Once you’ve taken photos of the check, make sure that the deposit amount shown in the app matches the amount written on your paper check.

6. Complete!

Click “Submit” to complete your deposit. Typically, you should see the funds in your account right away.

Next, as you get your money and as you take your next steps toward something more routine with your finances, think about creating a personal budget. RBFCU offers educational resources that include many topics, including fun budgeting videos for the entire family.