Under the American Rescue Plan Act of 2021, eligible individuals and families will receive a third round of Economic Impact Payments (EIP or stimulus payments) by mail (paper check or prepaid debit card) or by direct deposit to your bank account. No action is required by most eligible recipients. Download What You Need to Know about the Third Round of Economic Impact Payments and the Recovery Rebate Credit in English
If you did not receive a first or second stimulus payment and think you may be eligible, or did not receive the full payment amount, you may be eligible to obtain a stimulus payment by claiming the Recovery Rebate Credit when you file your 2020 federal tax return. You can learn about NYC Free Tax Prep services to file your taxes and receive a stimulus payment(s) for free.
Important: If you received your Economic Impact Payment (stimulus payment) in paper form and do NOT have a bank or credit union account, you can avoid check cashing fees by opening an account. Note that some banks are temporarily offering to cash stimulus checks for free for non-account holders. Please check with your local bank or credit union to learn if this is available.
Resources and Free Help
NYC Financial Empowerment Centers: You can get free financial counseling by phone. Visit nyc.gov/TalkMoney or call 311 to book an appointment. Work with your counselor to open a bank account so you can set up direct deposit; manage changes to your household budget or income; contact creditors; and more. Your counselor can help you open an NYC SafeStart Account (see below).
NYC Free Tax Prep: Visit nyc.gov/taxprep or call 311 to learn about ways to file your taxes for free with help from an IRS certified VITA/TCE volunteer preparer. Assistance is available in person, including drop-off services, or online (virtual preparation; assisted self-preparation online).
NYC Department of Consumer and Worker Protection: Visit nyc.gov/safestart for information about banking options and additional resources, including:
NYC SafeStart Account You can open an account at one of several banks and credit unions that offer the NYC SafeStart Account, a safe and affordable starter savings account.
IDNYC You can open an account at an institution that accepts IDNYC as a primary form of ID.
Bank On You can open an account online that is Bank On-certified.
AccessNYC: Visit access.nyc.gov/coronavirus-covid-19-updates to learn about City Agency services, including housing, food, COVID-19 testing and vaccination sites, benefits information, schools and child care, and more.
IRS: The IRS won’t issue you a bogus check, in an odd amount, then tell you to call a number or verify information online in order to cash it. Watch out for that common scam tactic and others. Visit IRS.gov/coronavirus. Click Tax Scams/Consumer Alerts.