Economic Impact Payments

In an effort to provide relief to consumers and businesses during the coronavirus pandemic, the Internal Revenue Service (IRS) and the U.S. Treasury Department have announced a second round of Economic Impact Payments will be delivered as part of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021. To assist members, First Commerce created this web page about the Economic Impact Payments along with important tips to ensure your account information on file with the IRS is correct and up-to-date.  

Check Your Account Activity conveniently and securely with our on-the-go banking options.

*IMPORTANT* Some members have reported that the IRS sent their stimulus payments to their tax preparer’s account instead of their First Commerce account. If you used a third-party company to file for your tax refund in 2018 or 2019, please reach out to them first for assistance if you do not see an anticipated stimulus deposit in your account. Special message to H&R Block Customers.

Be sure to check the IRS website and this page regularly for updates.

 FAQs ›  Next Steps ›  Helpful Tips › Watch for Fraud › 

Check Payment Status › 


FAQs about the Economic Impact Payment

We understand you may have questions concerning the delivery process, taxpayer eligibility, and timing of economic impact payments. The payments are automatic for most taxpayers. No action is required by eligible individuals to receive this second payment. The IRS reminds taxpayers that the payments are automatic, and they should not contact their financial institutions or the IRS with payment timing questions. Links to IRS information about eligibility and related amounts are provided below and common reasons for being ineligible or receiving reduced payments are related to limitations on IRS-defined dependent status and income levels.

Who is Eligible for the second Economic Impact Payment?

How much is it worth?

Do I need to take action?

How will I know when my money is being sent?



Next Steps

Taxpayers are responsible for ensuring accurate delivery of their economic impact payment. Any payments that cannot be deposited or delivered will be returned to the IRS and the taxpayer will be responsible for contacting the IRS to receive their payment. Below are helpful steps to assist with accurately receiving your payment.



Helpful Tips to Ensure Your Economic Impact Payment Goes to the Right Account

  • If the account and routing numbers you provided on either your 2018 or 2019 tax return do not pass the IRS validation check, or if First Commerce does not have an account that matches the information you provided on your tax return, your refund will not be received. You will then be responsible for contacting the IRS to determine the best way to receive any stimulus funds for which you may be eligible.

PLEASE NOTE: If you provided incorrect account information on your previous tax return (even by a single number), your stimulus payment could be deposited into someone else’s account matching the number you provided. In this case, you would be responsible for recovering your money. Because the transaction was processed according to the information you provided on your tax return, neither the IRS nor First Commerce have the authority to retrieve those funds.

  • The IRS urges everyone to verify the accuracy of routing and account numbers used on their most recent tax returns or through the IRS web portal to ensure stimulus payments are deposited in the correct account and are able to be received. Since requirements have become more stringent, it is important to double-check and verify your information on your most recent tax return or check with your CPA. 


Watch for Fraud

Fraudsters have been quick to deploy scams involving the COVID-19 stimulus package including direct payments to individuals and married couples filing jointly.

Economic Impact Payments likely will be in the form of direct deposits or through U.S. Treasury checks. Fraudsters may attempt to scam you into providing your account number under the pretense of setting up or verifying direct deposit information for you to receive the stimulus payment into your account. Criminals also often seize opportunities like this to create counterfeit U.S. Treasury checks as part of their scams.

Remember First Commerce, the IRS, and other legitimate organizations will NOT contact you by phone, text or email to ask for confidential information such as digital banking usernames or passwords, full debit/credit card numbers, CVV codes, Personal Identification Numbers (PINs), Secure Access Codes, etc. Do not give this personal information to anyone! If you are in doubt, contact First Commerce or the organization that claims to be contacting you at their main publicly published phone number or contact information.


Additional Reminders

Still need help? The IRS has several resources for individuals to get more information about the secound round of Economic Impact Payments. Visit IRS.gov website to learn more.

 *First Commerce does not provide tax, legal or accounting advice. The information contained here is for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your tax, legal or accounting advisors for further guidance.