Economic Impact Payments
What you need to know
Economic impact payments will start going out to eligible U.S. residents this month. While most people won’t need to do anything to receive their payment, those with direct deposit set up will receive their funds faster than those waiting on a paper check. We understand that every moment counts, so we want to help you receive your payment as fast as possible.
Based on the latest information we have, the Internal Revenue Service (IRS) will be making payments as direct deposits starting April 15, which can viewed as recent transactions on the Bank of Hawaii mobile app and e-Bankoh on boh.com. They will begin mailing check payments starting later this month. All payments will be in waves and continue over several weeks.
How to check for your payment
Electronic debit or credit with the IRS
If you are eligible for the payment and have filed your taxes for either 2018 or 2019, you don’t need to do anything right now. However, the IRS and Treasury Department will be releasing a tool that allows you to track your payment, confirm your payment type (direct deposit or check), and set up direct deposit soon. For the latest information, please visit the IRS website. To receive your funds quickly, we highly recommend setting up direct deposit when it becomes available.
Without electronic payments
The IRS and Treasury Department will be releasing a tool mid-April that allows you to set up direct deposit soon. You can also track your payment, and confirm your payment type (direct deposit or paper check). To receive your funds quickly, we highly recommend setting up direct deposit when it becomes available. Visit the IRS website for more information.
Non-tax filers
The Treasury Department and the IRS launched a new web tool to allow quick registration for Economic Impact Payments (EIP) for those who do not normally file a tax return in order to set up direct deposit.
For a list of the information you will need to provide and the latest information, please visit the IRS website.
Customers can prepare to receive payments by:
- Signing up for eBankoh to check your bank balance, transfer money between accounts, pay bills, update your customer contact information and more.
- Downloading the Bank of Hawaii mobile app so you can check your transactions and see your Economic Impact Payment from the IRS.
- Learning how to use Mobile Deposit so you can deposit checks with your mobile phone or tablet from the Bank of Hawaii Mobile app.
- Finding your nearest Bank of Hawaii ATM to get your cash without waiting in line at the teller or use our Cardless Cash feature to withdraw cash using your mobile device.
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