What is the Stimulus Program
The CARES act includes a Covid-19 relief program where the government will provide stimulus payments to eligible recipients. It’s also known as the coronavirus tax relief program.
Who qualifies for the stimulus program.
The government determines who qualifies for the stimulus payment. Nuvision does not know the status of members qualifying for the program. Please visit https://www.irs.gov/coronavirus-tax-relief-and-economic-impact-payments for more information. You can also check the status of stimulus payments at https://www.irs.gov/coronavirus/get-my-payment
Mobile deposit is available
For check deposits we encourage Members to use the Credit Union’s Mobile Deposit feature available in the Nuvision app. Using Mobile Deposit is safe and secure, best of all it saves you a visit to the branch and is a good social distancing tool. Remember to only visit a branch if you have essential business that cannot be conducted electronically.
Economic Impact Payments will be posted to Members accounts per the deposit instructions received from the IRS.
About the Economic Impact Payments (EIP) Cards
Alongside checks and direct deposit, some members have received Economic Impact Payment (EIP) VISA cards with their funds.
According to the IRS site, these funds can be accessed by ATM, POS and Cash Advances.
Note: The Cash Advance feature is listed on the fee schedule at $5 per transaction, which can be less depending on usage.
Please take a few minutes to review the IRS link and the link to the issuing bank below.
FREQUENTLY ASKED QUESTIONS
If you are eligible for a stimulus check, you will receive it by either direct deposit or paper check.
If you have not filed a 2019 or 2018 tax return or have not given the IRS your direct deposit information in the last two years, you will receive a paper check in the mail from the US Treasury.
If you have filed a tax return or provided the IRS your direct deposit information. You will receive a direct deposit into your account. Visit irs.gov/coronavirus for the latest information.
According to the government, the second round of stimulus payments will arrive sometime between early to mid-January. It will show up in your account as IRS Treas 310- Tax Ref
Nuvision does not have any specific information on the status of individual payments from the government.
You can check the status of stimulus payments at https://www.irs.gov/coronavirus/get-my-payment