Economic Impact Payments
Questions? Ask away.
Last Updated: 12/31/2020
A second round of Economic Impact Payments (EIP) are in the process of being distributed by the IRS and Treasury Department as part of the recently passed stimulus bill. Payments will be distributed automatically, with no action required of most people.
Customers are encouraged to visit IRS.gov/EIP for complete details regarding Economic Impact Payments. Immediate information is available via News Release on the IRS website.
Please reference the frequently asked questions below for additional assistance.
Check the Status of Your Economic Impact Payment
To find out if you will be receiving an Economic Impact Payment, use the Get My Payment tool available at IRS.gov.
Capital Financial Inc Online & Mobile Services
The quickest way to see if you’ve received your Economic Impact Payment is to check your account using Capital Financial Inc Online or Mobile Services.
Not an Online or Mobile Services user?
Who is eligible for economic impact payments?
Please review the above referenced news release for detailed information regarding eligibility.
How will Economic Impact Payments be sent?Payments will be sent via direct deposit, check or prepaid debit card.
When will I receive my Economic Impact payment?If you are receiving a payment via direct deposit, we will post the deposit to your account as soon as we receive it. Customers receiving a direct deposit could see the payment pending in their account as early as Friday, January 1, 2021.
If you are receiving a payment via check, the Treasury Department and IRS have stated that the mailing of checks began on Wednesday, December 30, and will continue to be sent in waves.
If you are receiving a payment via prepaid debit card, the Treasury Department and IRS have stated that the mailing of these cards will begin on Monday, January 4, 2021. More information about these cards is available at EIPcard.com.
How will the IRS know where to send my payment?The IRS will use the information already on file to send Economic Impact Payments. If you have direct deposit information on file with the IRS and are eligible to receive a payment, you will likely receive it via direct deposit.
If you do not have direct deposit information on file and are eligible to receive a payment, you will likely receive it via check or prepaid debit card.
Note: The method through which you receive the second Economic Impact Payment could differ from the method through which you received a payment the first time.
Protecting Yourself
COVID-19 Fraud – The IRS Warns of “Stimulus Check” Scams
Scammers use every opportunity to swindle vulnerable Americans, especially those in a state of need. The IRS is urging taxpayers to be on the lookout for a surge of scams related to the Coronavirus, or COVID-19. If you receive an unsolicited email, text message, or social media attempt to gather information that appears to be from the IRS, please forward it to [email protected].
