We will continue to credit all accounts with stimulus transactions immediately as soon as we receive them over the coming weeks and months, so please continue to check your account balance in the app and know if you have not yet been credited, it is because we have not yet received your payment from the federal government. Update 4/10/20: We have received the first government stimulus payments and are crediting ALL transactions to ALL of our members immediately, starting today, which means you can receive your money up to five days faster than with a traditional bank. For questions about your eligibility and when your payment was sent, please contact the IRS. If you have not received yours yet, it is because we have not received it. Please note we are crediting ALL member accounts immediately with stimulus payments as soon as we receive the information from the Federal Reserve. If you file taxes but the IRS does not have direct deposit information on file for you, you can enter your Current account and routing number to receive your payment via direct deposit to Current and receive it up to two days faster.Īll account and routing numbers are accessible by tapping into the balance on the home screen of your Current app. If you are not required to file taxes, you can enter your Current account and routing number, to receive your payment via direct deposit to Current and receive it up to two days faster than a traditional bank. Update 4/15/20: The new IRS web portal to submit your bank information to receive your economic impact stimulus payment via direct deposit is now live. If you are new to Current and/or are filing for unemployment for the first time, sign up to receive your funds via direct deposit, add your Current account and routing number on your forms and you’ll receive your payments up to two days faster.ĭon’t have a Current account? Download our app in the App Store or Google Play and sign up in just two minutes to receive your unemployment up to two days faster. If you’re already receiving unemployment benefits on Current, then there is NOTHING you need to do. If you’re a Current premium member, you’ll receive your unemployment benefits up to two days faster than with a traditional bank when you sign up to receive your money via direct deposit. The legislation also includes an additional $300 per week in unemployment benefits for 11 weeks, starting after December 26 and lasting through March 14. How do I receive my unemployment benefits faster? Treasury Secretary announced he expects payments to start being issued the week of December 28, pending when the bill is officially signed.ĭon’t have a Current account? Download our app in the App Store or Google Play and sign up in just two minutes to receive your payments up to five days faster.įor information on updating your banking information with the IRS or to check the status of your payments, please visit the IRS official website. We will credit your account as soon as we receive the information from the Federal Reserve, which in April was five days faster than traditional banks. The IRS will automatically calculate your eligibility and refund amount and send your money via direct deposit to Current. If you received your first stimulus payment in April to your Current account (or your 2019 tax refund), then there is NOTHING for you to do. How do I receive my stimulus payment faster? However, when you file your 2020 tax returns, you can claim the money as a refundable tax credit. If you make less money in 2020 than you did in 2019 and now meet the requirements, you will still not receive payments at this time. Individuals and couples earning just above these levels will receive reduced payments that decline by $5 for each $100 of income. Individuals earning $75,000 per year or less, based on 2019 tax returns, will receive the full $600 per person direct payment as well as an additional $600 per child.Ĭouples earning a combined $150,000, based on 2019 tax returns, as well as heads of households earning up to $112,500, will receive $1,200 as well as $600 per dependent child under 17. Update 12/27/20: President Trump has signed legislation, passed by both houses by Congress, which will provide $600 per person in direct stimulus payments to individuals as well as an additional $300 in unemployment benefits for 11 weeks.
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