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?
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.