Bank like a financial pro with the Alliant mobile app. Make payments, deposit checks, manage cards and so much more.
Renovate your kitchen, pay off high-interest debt, or have access to emergency funds when you need it with an Alliant Home Equity Line of Credit.
Browse new and used vehicle inventory, and qualify for a rate discount when you buy!81
Separate each of your savings goals into an Alliant Supplemental Savings Account so you can visualize your progress.
Discover how an award-winning banking experience could be your next little win.
Logo courtesy of CNBC
By Claire Hegstrom
The second round of stimulus payments will soon be in the hands of millions of Americans. Read on to learn what you’ll need to do to get your money, how much you can expect to receive, and where you can find additional resources that may be helpful.
Many individuals who filed a federal income tax return in 2019 -- or those who collect Social Security benefits -- can expect to receive a stimulus check. The money will be either directly deposited into the bank account used for your previous tax refunds or your Social Security benefits, or mailed to your residence on file with the IRS.
For individuals who may not yet pay taxes or receive Social Security benefits, the IRS has created a page on their website to ensure they have the information needed to send you your money. This is the only site approved by the IRS, and the only way they will attempt to collect your information. Visit https://www.irs.gov/coronavirus/non-filers-enter-payment-info-here to create your account with the IRS.
Most people will receive their payments in early January with the majority of direct deposits occurring on Jan. 4, 2021. In fact, you may see direct deposit payments as pending before the official payment date on Jan. 4. Checks and debit cards will be mailed throughout the month of January.
You won’t need to do anything to get this check — after all, you have enough to focus on right now! For most people eligible to receive the stimulus money, the funds will be deposited directly into your account. Some may receive a check or debit card in the mail, if you do not have a bank account linked to the IRS for taxes or Social Security. Please note that the government will never call you to ask for your account numbers or any other private information. There have been multiple scams brewing in the light of this stimulus package news, so please stay alert and cautious to protect yourself and your finances. It’s probably a good idea to talk about these scams with your parents or grandparents the next time you call or video chat with them. The elderly are often the most vulnerable to these fraudsters.
Read the latest updates on how you can ensure you receive your stimulus payment.
Paper checks will be mailed throughout the month of January. During this pandemic, the safest way to deposit your check is by using the remote deposit feature on your credit union or bank’s online or mobile application. You can also use deposit-taking ATMs at your financial institution to securely deposit the check.
Pro tip: Make sure to endorse the check with “For mobile deposit only at financial institution name” directly under your signature to ensure a seamless experience.
For those who receive a check made out to you and a joint filer, make sure to endorse the check with both of your names, and deposit it into an account you hold jointly. Checks from the government written to two parties can’t be deposited into a single owner’s account.
If you need further emergency assistance, please reach out to your financial institution or loan servicers. The Alliant Money Mentor will continue to share updates on any additional programs offered to consumers during this difficult time.
Claire Hegstrom is an advocate of the credit union movement through and through. Passionate about financial education, she approaches money conversations from a candid and inclusive space focused on growth and awareness. As our credit union founding father, Ed Filene, once said, “Progress is the constant replacing of the best there is with something still better.” Claire hopes reading Money Mentor will help transform your life from the best to even better.
Katie Levene is a marketer fascinated with finance. Whether the topic is about the psychology of money, investment strategies or simply how to spend better, Katie enjoys diving in and sharing all the details with family, friends and Money Mentor readers. Money management needs to be simplified and Katie hopes she accomplishes that for our readers. The saying goes, "Knowledge is Power", and she hopes you feel empowered after reading Money Mentor.
Sign up for our monthly newsletter to help you stay at the top of your financial game.
Welcome! You'll now have financial tips sent to you directly each month.
You are leaving Alliant’s website to enter a website hosted by an organization separate from Alliant Credit Union. The products and services on this website are being offered through LPL Financial or its affiliates, which are separate entities from, and not affiliates of, Alliant Credit Union.The privacy and security policies of the site may differ from those of Alliant Credit Union.
You are leaving an Alliant Credit Union website and are about to enter a website operated by a third-party, independent from Alliant Credit Union. Alliant Credit Union does not manage the operation or content of the website you are about to enter. Alliant Credit Union is not responsible for the content and does not provide any products or services at this third-party website. The privacy and security policies of the site may differ from those of Alliant Credit Union.