Note: This update reflects accurate information as of 3/15/21 at 12pm EST

The Treasury Department and the IRS have begun the process to deliver the third round of Economic Impact Payments.  The IRS has stated, “As with the first two Economic Impact Payments in 2020, most Americans will receive their money without having to take any action.”  For funds that will be delivered via direct deposit, March 17, 2021 is the official date that funds are scheduled to be available. You can check the status of your payment with the IRS Get My Payment Portal here

For recipients who have not provided their bank account information for electronic payments, the government is expected to provide funds via Treasury-issued prepaid cards sent through the U.S. Postal Service. And, the third method that recipients may receive funds is via check, which could take weeks to arrive.

Be Alert for Fraud: Please be wary of any fraud that may occur regarding these payments. The government will not contact you by phone, email, or text regarding your Economic Impact Payment. If you suspect a scam, please contact us at 765-236-0600.

Payment Amount and Eligibility:

Americans with an income below $75,000 (as stated on their most recent tax return from either 2020 or 2019) will receive $1,400 for themselves and $1,400 for each of their qualifying dependents claimed. Couples filing jointly earning less than $150,000 per year will receive $2,800. Please review the full eligibility details from the IRS here.

Answers to Frequently Asked Questions:

The IRS has provided answers to common questions here.

Monitor Your Account at Your Convenience:

We encourage you to view your Community First Bank account balances, move money, deposit checks, and pay bills with our 24/7 online banking and mobile app.