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The original item was published from 5/19/2020 2:36:29 PM to 6/20/2020 12:00:01 AM.

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Human Services - News

Posted on: May 19, 2020

[ARCHIVED] How To Receive Your Economic Impact Payments As An Unbanked Consumer


Stimulus checks have gone out, but there are many individuals who don’t have savings or checking accounts to receive their automatic deposit. As an unbanked recipient, you will have to wait for paper checks, which can be lost or stolen. To counteract this, the FDIC encourages everyone to use insured bank accounts because it’s a safer way to protect your stimulus money and faster if Congress issues more emergency funding in the future.

Below are a list of resources that you can use to open your secure bank account remotely. 

  • Receiving IRS Economic Impact Payments is an FDIC website that helps consumers get the information they need to open a bank account and receive their relief monies electronically.
  • IRS Economic Impact Payments Portal gives you resources on how to submit account information through the IRS, so that payments can be deposited electronically to the recipient’s account.
  • How to open a bank account video provides direction to unbanked consumers so they can open a bank account and get their Economic Impact Payments from the IRS, faster and more securely. 

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