Is it there yet? Here’s how to check for your federal stimulus payment.

Is it there yet? Here’s how to check for your federal stimulus payment.

Now that the president signed the stimulus bill into law, millions of Americans are looking for their payment. Here are some frequently asked questions that may help ease your mind as you wait.

How can I check the status of my payment?
The IRS has an online portal you can use at IRS.gov/coronavirus/get-my-payment. It may not be available when you visit because of heavy traffic, so keep checking if you can’t get through.

How much will I get?
Amounts will vary by your income level and other factors. Only the Treasury Department knows your amount for certain, but some tools can give you an educated guess. Use this calculator by Kiplinger to estimate your stimulus payment.

Will it be for $600 or $2,000?
The stimulus bill that as signed into law by the President allows for checks starting at $600 per individual. A second bill is working its way through Congress that would up that amount to $2,000. It's unclear if this bill will be successful. Regardless, the $600 payments should start going out very soon. If they are increased to $2,000, additional payments will likely be made in the future. 

Will it be by check or direct deposit?
If you:

  • paid taxes or received a refund electronically from a bank account for tax year 2018 or 2019,
  • received your last stimulus payment by direct deposit or
  • have registered for direct deposit with the IRS since the spring, 

the stimulus funds will be sent by direct deposit into that account.

However, the IRS has identified an error that could cause some payments to come by check instead of direct deposit. They estimate that 15-20 million people who are expecting direct deposit will receive checks instead. You can check the IRS website to see your status.

If you did not file a tax return but you receive Social Security Income benefits by direct deposit, the stimulus payment will be sent by direct deposit to that account. Other people who typically don't file a tax return can go online and provide the information the IRS needs to cut them a check at the IRS website.

When will I get it?
It should be very soon, likely in the first half of January, especially if you’re getting a direct deposit (except for the error detailed above).

If you’re expecting a paper check, it gets a lot more complicated.

The law sets a deadline of Jan. 15 for the Treasury Department to mail out paper stimulus checks. That’s not enough time to print and mail the tens of millions of checks that will be required. So anyone who doesn’t receive the paper check they’re expecting will have to claim their stimulus money through a Recovery Rebate Credit in their 2020 tax return.

The IRS has an online tool called Get My Payment that you can use to check your status and get more information on this round of stimulus payments. It’s not online right now while they update it for the new aid package.

What if I closed the bank account I used for my last federal tax return?
If a direct deposit is rejected (e.g., if the bank account information is incorrect), the IRS will receive a rejection notice. At that point, the payment will be converted to a paper check and mailed to you.

I know I am getting direct deposit. When will the funds be available in my account?
As soon as we receive deposit transfers from the government, we will post them to your account immediately. We won’t hold back your stimulus deposit for any reason.

Where can I get more help?
To learn how to look at your account, check out our online and mobile banking resources online.

If you’d rather check your account by phone, call our Pinnacle Anytime automated system for account history 24 hours a day, 7 days a week, toll-free.

  • In Tennessee call 866.755.5428. In the Carolinas and Virginia call 877.842.4180.

If your questions aren't answered there, call our Client Service Center. We are here if you need us. 


Government websites have not been updated with new information on the latest stimulus package, so much of this information was sourced from this article on CNET.com, as well as other news sources. The latest information from the Treasury Department should be posted to their website soon.

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