As part of the American Rescue Plan Act of 2021, the federal government is providing a third stimulus payment to eligible recipients.
In anticipation of questions, here’s important information about the stimulus payment.
No action is required by you.
If you are eligible for a stimulus payment, you do not need to contact OneAZ Credit Union or the IRS to receive your funds. Payments will be processed automatically, and you’ll receive your funds by direct deposit into the bank account reflected on your 2020 tax return, by paper check or through your Economic Impact Payment (EIP) prepaid card.
Please note that OneAZ branch and contact center staff do not have access to any additional information regarding if or when members will receive their payment.
Payment amounts and eligibility may have changed.
Eligibility criteria outlined in the American Rescue Plan Act of 2021 differs from previous rounds of stimulus payments. Your eligibility is determined by the government. Learn more about payment amounts by vising IRS.gov/coronavirus.
Payment timing is around the corner.
The Internal Revenue Service (IRS) and U.S. Treasury Department have announced that the third round of stimulus payments could be processed as early as next week and through the remainder of March. Payments will be posted by the date provided by the Treasury.
For more information, visit the IRS Economic Impact Payment Information Center.
Note: Be aware of stimulus payment scams!
Unfortunately, scammers take advantage of moments of uncertainty to exploit consumers. In the coming days, be on the lookout for calls, texts or emails claiming you need to provide personal information to get your stimulus payment. Do not click on links or open attachments from sources you don’t know and trust.
Remember, the IRS will never reach out for bank account information via phone or ask for a payment to process your stimulus payment. According to the IRS, payments will be processed as direct deposits into your account and no action needs to be taken by most people. Those who need to provide additional information will be asked to do so on the IRS.gov official website.