The Internal Revenue Service today announced that the Get My Payments portal—available in English and Spanish—is now live for individuals to log on and view the status of their economic impact payment.
Browsing: Economic impact payments
The Internal Revenue Service has begun processing ACH files for the $600-per-person economic impact payments, with a value date of Jan. 4, 2021, the Treasury Department said tonight.
After President Trump signed the COVID-19 economic relief bill Sunday night, bankers should expect to see ACH transactions for the $600-per-person economic impact payments begin arriving as soon as tomorrow, Dec. 29.
With Congress poised to cast final votes on a $900 billion bipartisan coronavirus relief package later this evening, ABA staff are currently reviewing the 5,500 page legislative text.
After weeks of negotiations, congressional leaders tonight announced a deal for a $900 billion bipartisan coronavirus relief package.
Savings is critical to financial wellness, but too many Americans have struggled to save during good times.
Along with a coalition of bank trade groups and consumer advocacy organizations, ABA today urged the House to pass S. 3841, which would protect 2020 economic impact payments made under the CARES Act or other legislation from court-ordered garnishment.
The Senate today unanimously passed an ABA-advocated bill that would exempt the CARES Act economic impact payments from garnishment orders.
When COVID-19 accelerated customer movement into mobile and online banking solutions, and triggered consumers to push their funds into bank accounts, banks that had made investments in the digital customer experience were positioned to capitalize.
Throughout the coronavirus pandemic, banks have driven “unprecedented speed and efficiency” in delivering COVID-19 relief, including the CARES Act Economic Impact Payments and Paycheck Protection Program forgivable loans, ABA said today.