The FDIC has recently developed a new “Receiving Economic Impact Payment” webpage: https://www.fdic.gov/coronavirus/economic-impact-payments/index.html. It is designed to encourage unbanked individuals to open a bank account without going into a bank branch, as they receive the economic impact payment. It includes a video and connection to lists of banks that allow online account opening, as well as some that allow people to open an account now and fund it later with the Economic Impact deposit.

The FDIC sees this as an opportunity to motivate unbanked individuals to open a bank account in advance of receiving the economic impact check as people in some communities will be practicing social distancing for weeks to come. The IRS also recently linked the FDIC website on their Economic Impact Payments webpage for convenience.

Please consider promoting this resource to customers you feel might benefit from this option.

Sincerely,

Melissa Robbins, CEO

408 Washington Ave #102A, West Plains, MO 65775
Phone: (877) 202-2472
Website: www.nawdp.org