Economic Impact Payments
In the next several weeks, the IRS will be distributing economic impact payments to individuals. Many of these payments will be distributed electronically. Below are helpful tips and links to ensure you receive your payment:
- If you provided your direct deposit information when filing your 2019 or 2018 taxes, your economic impact payment will be deposited into that account.
- If you do not typically file taxes, you can enter your information with the IRS.
- If you file taxes, and the IRS does not have your direct deposit information (or has outdated information), they will soon have a web-based portal for providing your account information.
- Be sure your address is updated with the IRS.
You can check on the status of your payment at www.irs.gov/coronavirus/get-my-payment.
If you would like your payment to be deposited to your CAFCU account, you will need to provide CAFCU’s routing number — 271987075 — and your savings or checking account number to set up the electronic deposit of your economic impact payment. You can set up an alert in Online & Mobile Banking that will notify you as soon as your payment has been deposited!
If you received your 2019 or 2018 tax refund via check in the mail, the IRS will mail the stimulus check to the physical address on file. You can easily deposit your funds and access them securely by logging in and using CAFCU's Mobile Banking App.
For more information on these payments, including details on how to calculate the amount of your potential payment, please visit the IRS Coronavirus page.