Here for YOU. Always.
In these uncertain times, State Bank of Cross Plains promises to be a resource for accurate, current information. We understand that you may have questions about your finances, your accounts, and your options. We hope that this FAQ will provide you some clarity and insight, as we navigate through this challenging period together.
- Economic Impact Payment >>
- Mortgage, Loans & Payments FAQs >>
- Customer Service FAQs >>
- Wealth Management FAQs>>
- Additional Pandemic Resources >>
- Freedom to Bank from Anywhere Resources >>
- COVID-19 Company Updates >>
- Business Resources >>
- Contact Us >>
How do I check the status of my economic impact payment?
Will I be receiving an economic impact payment from the IRS?
How will I receive my payment?
If you filed a 2019 or 2018 tax return and received a refund through direct deposit, the stimulus payment will be sent electronically to the same account as the tax refund. If the account is closed or is associated with an incorrect account number, the funds will be returned to the government. The IRS will follow standard procedure used for tax refunds for returned payments, meaning they will cut a check and send it to you in the mail. We do not know how quickly the IRS will be able to turn these payments around or when you should expect your check.
If you receive direct deposit of Social Security or Railroad Retirement funds, the stimulus payment will be sent electronically to the same account as those payments. If you receive those funds on a prepaid card, the stimulus funds will be available on the same card.
How will I know if/when I am receiving a payment, as well as how it was sent?
In the next few weeks, the IRS plans on creating a portal for the public to check the status of their payment. This portal will also allow those who have filed tax returns to enter their direct deposit information for an electronic payment, provided the check payment has not already been sent.
A payment confirmation will also be mailed to each recipient after the payment has been sent. This confirmation will include the amount of the payment and the payment method.
If I receive the payment as a check, what will the check look like?
The checks will be printed on U.S. Treasury check stock and will appear similar to a tax refund check. The stimulus checks will contain language in the memo line of the check identifying it as a stimulus payment.
For additional information, please visit irs.gov/coronavirus