Jump to Content
ABA: The American Bankers Association

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.

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

Economic Impact Payment Round Three FAQ for Consumers

What is the easiest way to get your government payment? We've got answers.

Read FAQs

Banks Offering Online Account Opening

Access a partial list of banks that can open an account entirely online, with no need for a customer to visit a branch.

Policy Analysis & Advocacy Efforts

View All

Our Experts

Steve Kenneally

Steve Kenneally

Senior Vice President, Payments

Contact Steve
Nessa Feddis

Nessa Feddis

Senior Vice President & Senior Counsel, Regulatory Compliance and Policy

Contact Nessa

Press Contact

Sarah Grano

(202) 663-5470

Contact Sarah

Stay Connected

ABA Daily Newsbytes

Stay up to date on what's happening in Congress, at the regulatory agencies and at ABA.

Bank Operations Network

The Bank Operations Network is a professional forum for ABA members to discuss operational challenges stemming from the current COVID-19 crisis.