Stimulus Checks 3.0

Information on the latest federal relief payments  as part of the American Rescue Plan Act of 2021.  

On Thursday, March 11, President Biden signed the $1.9 trillion American Rescue Plan Act of 2021 into law.1 This third COVID-stimulus package includes up to $1,400 for eligible individuals, $2,800 for couples and $1,400 for each dependent.2 Income criteria for this third round of stimulus payments has changed.

Review income eligibility details on the IRS site

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Eligibility is determined by the IRS. The income requirements are different with the third round of stimulus payments. Individuals who filed taxes and reported adjusted gross income (AGI) up to $80,000 on their 2019 or 2020 tax returns will receive up to $1,400. The cut off for head of household is $120,000 and $160,000 for couples filing jointly.2

You will not receive stimulus funds if you earn more than these amounts.

Visit the IRS website for more details about the third round stimulus payments.

The income requirements changed with this third round of stimulus. Qualifying amount depends on income level, tax filing status (single, joint or head of household) and dependents. The basic guidelines are as follows:

  • Single with an adjusted gross income (AGI) earning less than $75,000 will receive $1,400. Those earning more than $80,000 receive nothing.
  • Couples with a combined adjusted gross income (AGI) of $150,000 or less will receive $2,800. Those earning more than $160,000 receive nothing.
  • Individuals who file as head of household with an adjusted gross income less than $112,500 will receive $1,400. The payment is decreased and reaches 0 at $120,000.
  • Eligible dependents may be worth up to $3,000 in child tax credits as well as periodic payments in 2021.

Read the IRS news release for more information about the third round of stimulus payments

Remember, not everyone will be eligible for payments with this latest round of funding.

The White House said Thursday 3/11/2021 that payments will start going out as early as this weekend, with the IRS and Treasury Departments processing and sending stimulus checks as soon as this weekend. Direct deposits will go out first, followed by checks and debit cards.

Read the IRS news release for more information about the third round of stimulus payments

If eligible, payments will likely be received in the same manner of previous stimulus payments. If you received Direct Deposit for Stimulus Round 2 in January, you will likely receive it that way again (if eligible). If the IRS already has your credit union or bank account number on file, the stimulus check will be automatically deposited directly in your account via ACH transfer.

No action is required on your part.

Check my stimulus eligibility

The U.S. Treasury Department has created a PDF that shows security features.

View PDF of U.S Treasury check security features

The IRS will use the data already in our systems to send the new payments. Taxpayers with direct deposit information on file will receive the payment that way. For those without current direct deposit information on file, they will receive the payment as a check or debit card in the mail.

For those eligible but who don't receive the payment for any reason, it can be claimed by filing a 2020 tax return in 2021. Remember, the Economic Impact Payments (stimulus checks) are an advance payment of what will be called the Recovery Rebate Credit on the 2020 Form 1040 or Form 1040-SR.

For more information visit the IRS's Stimulus Fact Sheet.

Additional Questions

If you don't recognize the account number showing with the irs/get-my-payment tool, it's likely because your payment was sent to TurboTax, H&R Block, or another tax preparer by accident. Here's what happened:

Due to an IRS error, millions of people had their latest stimulus payment direct deposited to the wrong account. The money was deposited into the account that prepared your tax return in 2019. This means that if you used TurboTax, H&R Block or other third party tax preparer services, your stimulus check went to them.

What you need to know:

  1. The IRS cannot reverse the deposit and resend to your individual account.
  2. TurboTax, H&R Block and other tax preparers are taking steps to re-issue the funds to their clients.
  3. Further information on what to do next can be found on individual tax preparer websites, including:
  4. TurboTax -

    H&R Block -

Yes, the government is issuing stimulus (Economic Impact) payments to people who do not have bank accounts via check or a prepaid debit card, like this:

Stimulus EIP  Card front and back
Economic Impact Payment (EIP) Debit Card

Please note that these debit cards may not work in a BECU ATM, because they use different networks.

The easiest ways to use your stimulus debit card without a fee if you have a personal bank account, is to transfer the entire debit card balance to your own account. You can make transfers from the card to your bank account at no charge, and the limit is a relatively high $2,500 per day. That means many people should be able to transfer their entire stimulus payment in one swoop.

To transfer money from your stimulus debit card to your bank account, go to the EIP Card website or use the Money Network mobile app, and select the option to “Move Money Out.” You'll need both the routing number and the account number from your bank account to make the transfer. BECU's routing number is 325081403.

Yes. The IRS website has criteria and instructions on how to apply for a stimulus payment if you did not file a tax return. Visit the IRS website for more information about non-filers.

BECU Account FAQs

Specific questions related to stimulus payments and your BECU account.

No. Only the IRS has that information, visit IRS/get-my-payment to learn more.

However, you can also set up BECU banking alerts to be notified by text or email of large deposits.

Unfortunately, if your BECU account is closed and you believe the stimulus payment was sent there, the funds will not be accessible. BECU will return the funds to the IRS if they were sent to a closed account. As the account has already been closed, neither BECU nor the former account owners can access, remove or post (place money) into the account.

If you are eligible to receive the latest round of stimulus funds but did not receive either direct deposit, physical check or prepaid debit card, you may be able to claim it on your 2020 tax return under Recovery Rebate Credit.

For more information visit the IRS's Recovery Rebate Credit page.

For funds deposited directly (ACH transfers), your money will be available in your account the same day we receive the funds from the IRS.

Physical checks will need to be deposited. Depending on the deposit time, most members will receive access to these funds within one business day.

The IRS has begun processing payments and those eligible should start seeing funds as early as Mid-March.

To find out the status of your payment visit

The fastest way is to set up a large deposit banking alert to notify you as soon as the funds reach your account.

You can also check your account balance at BECU is in Online Banking.

Protecting Yourself From Fraud

Unfortunately, fraudsters are using the pandemic as a way of taking advantage of people. Stay informed about scams and if you received a physical U.S. Treasury stimulus check, review features with a U.S Treasury PDF of check security features.

What We Know about COVID Scams

Watch Out for These COVID Scams

Look Out for Scams Targeting Taxpayers

As always, please contact us if you think you've been a target of any scam or fraud attempt.

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