Federal Reserve Banks share link to Treasury’s Bureau of the Fiscal Service’s EIP Operational FAQs for Financial Institutions
January 5, 2021
Please be advised that the Treasury’s Bureau of the Fiscal Service (Fiscal Service) posted a set of Economic Impact Payments (EIP) Operational FAQs for Financial Institutions (Off-site). As your service provider, the Federal Reserve Banks wanted to ensure you were aware of this content directed specifically to financial institutions. Other helpful resources to support you with EIPs include:
- Federal Reserve Banks’ COVID-19 Resources
- Fiscal Service’s Useful Links for Economic Impact Payment Information (Off-site)
- Internal Revenue Service’s Economic Impact Payments on their way, visit IRS.gov instead of calling(Off-site)
These pages will be updated with EIP information as it becomes available, so check back regularly.
We also want to remind our customers that ACH returns should follow the normal return procedures in similar situations for tax refunds to have the payment re-issued. We recognize the herculean efforts that all financial institutions have undertaken during this unprecedented time, and we thank you.