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Economic Impact Payment Guide

Details to help you get fast, safe access to your economic impact payment (Coronavirus stimulus check)

On April 2, 2020, the Treasury Department and Internal Revenue Service announced the distribution of economic impact payments to help Americans combat the financial effects of the COVID-19 pandemic.

As always, First County FCU is committed to providing the guidance and support you need so you can focus on your loved ones' health and wellness and staying safe. If your finances have been impacted by the pandemic, you're not alone. We're here to help you understand how to get your economic impact payment quickly and safely.

Top Tips

1. Check to see if you are eligible. Basics are below, with more information on

2. Get in the know about avoiding fraud and scams. Follow the hashtag #FTCScamBingo on social media to learn more about avoiding COVID-19 related scams.

3. Take steps to get direct deposit instead of a paper check so you can get your money faster and without having to leave your home. In the coming weeks, the IRS will be developing a portal where consumers can check the status of their refund and provide their direct deposit information. Check for timing.


How much money am I eligible for?


According to the U.S. Treasury, tax filers with adjusted gross income up to $75,000 for individuals and up to $150,000 for married couple filing joint returns will receive the full payment (see amounts below).

For filers with income above those amounts, the payment amount is reduced by $5 for each $100 above the $75,000/$150,000 thresholds. Single filers with income exceeding $99,000 and $198,000 for joint filers with no children are not eligible.


Eligible taxpayers who filed tax returns for either 2019 or 2018 and provided direct deposit information will automatically receive an economic impact payment of up to $1,200 for individuals or $2,400 for married couples with no additional action required. Parents also receive $500 for each qualifying child.

If you're not typically required to file taxes and don't receive Social Security benefits, you'll need to file a simple return. Visit for more information.


Check the status of your payment


In the coming weeks, the IRS will be developing a web-based portal where you can check the status of your refund and provide your direct deposit information. Tentatively available by April 17 on the IRS website, go to and click the Get My Payment button to:

  • Check payment status

  • Confirm the payment type: direct deposit or check

  • Enter your account information for direct deposit if the payment was not yet sent as a check by mail

If you need help finding your account or routing number, here are the easiest methods.

  • You can typically find your account and routing number on the bottom left-hand corner or a personal check. The routing number is the first set of numbers and is typically 9 digits. The next set of numbers -- just to the right of the routing number -- is your account number.

  • If you don't have a check handy, you may be able to find the account and routing number on your account card or online banking.


Protect yourself from fraud and scams


Scammers are already trying to take advantage of COVID-19 to steal your money or personal information. Be aware, they may:

  • Ask you to sign over your economic impact payment check to them.

  • Ask by phone, email, text or social media for verification of personal and/or banking information (saying the information is needed to receive or speed up your economic impact payment).

  • Suggest you can get a tax refund or economic impact payment faster by working on your behalf. This scam could be conducted by social media or even in person.

Tools to help you manage your money


We have several methods for fast and easy access to managing your money:

  • Online and mobile banking: Check balances, pay bills, transfer money and more.

  • Sybil: Phone access to check balances, deposits, transfer money and more.

  • NEW Drive-Thru ATM: Access your money 24 hours a day from the safety of your car at the new drive-up ATM located on the east side of the building.

Economic Impact Payment Information from First County FCU in Muncie, Indiana