With COVID-19 putting a financial strain on American families and businesses, millions of us are counting on our government stimulus payments.
Eligible consumers will receive up to $1,200 while married couples will get up to $2,400, and $500 will be added for every child. The government estimates that more than 80 percent of Americans will receive a stimulus payment during these challenging times.
For many taxpayers, the stimulus payments will be deposited directly into their bank account.
But millions of consumers – including many of you reading this — will receive a paper check in the mail. That could be because you received a federal tax refund either last year or earlier this year by paper check rather than direct deposit. Check recipients more often may be senior citizens, lower-income and/or African Americans.
If you receive a paper check, my message to you is simple: Deposit your check using your bank’s mobile app from your smart phone or tablet instead of coming into your local bank branch. That keeps you safe and helps you comply with California’s stay-at-home order. It’s also very convenient.
In fact, you can do much of your banking by using your bank’s mobile app or going to its website.
So here’s what you need to know about banking digitally:
Skip the Trip
Banking made accessible
At Chase, we’re working hard to give you up-to-date information on how to prepare for these payments and for these challenging times. You can find the latest tools, tips and information at www.chase.com/stayconnected.
Please stay safe and take good care of yourself and your loved ones. We’re here to help you map your way during this uncertain time and beyond.