The federal government began electronically disbursing a second round of Economic Impact Payments (EIP or “stimulus” payments) via the ACH network on Tuesday, December 29, 2020. Eligible EIP recipients will receive their payment electronically via ACH, or will be mailed either a paper check or prepaid debit card over the next several weeks.
All information currently available about the status, eligibility, amount and delivery of payments can be found on the IRS website at the following links. The US Treasury will be treating these payments as if they were tax refunds with all the accompanying rules.
IRS and Treasury Now Delivering Second Round of Payments Press Release:
IRS Economic Impact Payment Information Center:
IRS EIP Frequently Asked Questions:
IRS Recovery Rebate Credit:
Information on Prepaid Debit Card Method of Receiving EIP Payment: