As part of the CARES Act recently passed by Congress, you may receive an Economic Impact Payment (EIP) or Stimulus Check, in the coming weeks. The Treasury Department and the Internal Revenue Service will begin distributing these payments to eligible individuals and households as early as April 15. 

Who’s eligible for a Stimulus Check or an Economic Impact Payment?

• Individual tax filers with adjusted gross income up to $75,000 will receive the full payment of $1,200, plus $500 for each eligible child.
  
• Married couples filing jointly with adjusted gross income up to $150,000 will receive the full payment of $2,400 plus $500 for each eligible child.
• For filers with greater incomes, the payment amount is reduced by $5 for each $100 above the $75,000/$150,000 thresholds.
• Social Security recipients, railroad retirees and those who are not required to file a tax return are also eligible.
• Individual filers with income exceeding $99,000 and joint filers with income exceeding $198,000 are not eligible.

Visit the Economic Impact Payments page at IRS.gov for more information on eligibility. 

What if I receive a paper check?

If you receive an Economic Impact Payment/Stimulus Check in the form of a physical check through the mail, the fastest and safest way to deposit your money is with mobile check deposit. We encourage you to download the U.S. Bank Mobile App and use this free service.

We’ve increased mobile deposit limits for many customers and removed the restriction on government checks to make it easier to deposit other checks, such as paychecks and Social Security payments, from home.