Economic Impact Payments

In December 2020, Congress passed a $900 billion economic relief package to provide assistance to American consumers and businesses struggling as a result of the coronavirus pandemic. A provision of the law includes a second round of government payments to eligible recipients who meet specific criteria. As it did with the first round of relief, the government will rely on our modern banking system to deliver the payments quickly, efficiently and safely.

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Economic Impact Payments – Backgrounder for Banks

The Treasury's EIP program will send millions of relief payments in a short amount of time. Understand the program's benefits and timing, and prepare your bank with ABA's latest backgrounder.

View Backgrounder

Related Training & Events

What Banks Need to Know About Treasury’s Economic Impact Payments
Recorded Webinar | April 17, 2020

Learn how the EIP program works and how your bank can help your customers receive their payments quickly and safely.