Stimulus Payments: What You Need To Know

Check from the federal government

The IRS began distributing the third round of COVID-19 stimulus payments via direct deposit earlier today. Paper checks and debit cards will be issued soon.

Do you have questions about when your payment will arrive, or where? We’ve put together a list of frequently asked questions you can consult for answers. Of course, if your question isn’t covered, don’t hesitate to get in touch to ask us directly.

FAQs for the Stimulus Payments

The third round of COVID-19 stimulus payments began reaching members’ bank accounts on Wednesday, March 17. These are some frequently asked questions about those payments:

Does Adirondack Regional know when I am scheduled to receive my stimulus payment?
No, those payments are issued by the IRS, not the credit union. You can visit the Get My Payment page at for more details, including the status of the payment, and a link to many frequently asked questions.

Someone I know already got their payment. Why don’t I have mine yet?
Not all payments will go out at once. During the first two rounds, payments were first issued electronically. But they were staggered, and not released at the same time. The IRS issued checks and debit cards next; delivery times vary, as they are delivered by the U.S. Postal Service. The whole process is likely to take several weeks.

How will I get my payment?
The IRS will automatically issue your payment via direct deposit to the bank account it has on file based on information you provided on your tax return. Electronically generated direct deposits are typically the first to go out.

If the IRS does not have direct deposit information, you will be mailed either a paper stimulus check or a debit card to your address on file with the IRS. You won’t be able to choose between a paper check or a debit card. In fact, some people who received a check in an earlier round of payments could receive a debit card this time, and vice versa. The IRS says to carefully check your mail, so you don’t accidentally throw out the check or debit card. Paper checks will arrive in a white envelope with the U.S. Department of the Treasury seal on the upper left side. The debit cards will arrive in a white envelope that prominently displays the U.S. Department of the Treasury seal, and the envelope will also state “Not a bill or an advertisement. Important information about your Economic Impact Payment.”

It will likely take several days, or weeks, for mailed paper checks or debit cards to arrive.

The IRS will send you a paper notice in the mail within a few weeks after any payment is sent. It will include information about what form the payment was made and where it was sent.

If you received your payment by mail in the first two rounds, it is recommended that you include your direct deposit bank account information on your 2020 tax return if you are expecting a refund. It is also recommended to file your return as quickly as possible. While there is no guarantee, this could lead to you receiving your next stimulus payment electronically.

How will I know when my federally issued electronic payment arrives?
You can check your bank account online at any time using our mobile banking app or online banking. You can also set up an alert via our mobile app or your online banking account that will notify you via text or email as soon as a direct deposit has been made. If you do not have our online banking app yet, you can find the link on the online banking page of our website.