May 7, 2020

Please visit the FDIC website dedicated to this topic at:

https://www.fdic.gov/coronavirus/economic-impact-payments/index.html

Check out the YouTube video at:

Since the start of this crisis, the FDIC has been working to develop resources that will make it easier for consumers without a bank account to find a bank that can open an account online without going into a branch. 

The FDIC has developed a new webpage which launched last week dedicated to helping consumers get the information they need to receive their economic impact payment (AKA stimulus check) electronically. The FDIC webpage links directly to:

• the Bank On Coalition’s list of banks that offer remote account opening with a $0 balance in anticipation of the Treasury deposit;
• the American Bankers Association’s list of banks offering remote account opening all across the country; and
• the Independent Community Bankers of America’s list of banks offering remote account opening all across the country.

Once a consumer opens their account, they can then provide the information to the IRS to receive the payments electronically through the IRS portal. 

Also, please refer to these articles:

• 14 million Americans risk major delays in their stimulus checks delayed…
  
• Stimulus check issues for more than 8 million Americans without a bank account

Please contact April Atkins at AAtkins@fdic.gov with any questions.