Important Information About Economic Impact Payments
The distribution of the pandemic-related Economic Impact Payment (EIP) is an evolving situation that TNB has been monitoring. The information provided here is from the U.S. Department of the Treasury and the Federal Reserve Bank; this information is subject to change.
Visit the IRS website to learn more about how to:
- Check your payment status
- Confirm your payment type: direct deposit or check
- Enter your bank account information for direct deposit if the IRS does not have your direct deposit information and they haven’t sent your payment yet
- Enter your payment information if you are a non-filer
- Update your information
IRS Website: https://www.irs.gov/coronavirus/economic-impact-payments
If you plan to provide your direct deposit information to the IRS, you will need to know Texas National Bank’s Routing/Transit Number which is 114920128 and your account number which you can get from your online banking portal.
For those who receive the payment direct deposit, the payment description on your account will look just like a typical tax refund
For Social Security recipients who are not required to file a tax return, the IRS will use the information on the 1099 form to generate your Economic Impact Payments via Direct Deposit.
Rest assured, your money is safe at TNB and FDIC insured.
Check Payments:
If you are scheduled to receive a check, the check will look like a regular Tax Refund check but with an identifier in the memo line. The exact text of the memo line has not been made available to the public yet.
For the most up to date information:
We will continue to provide you with more information as it becomes available.
You may visit the IRS website at: https://www.irs.gov/coronavirus.
Updated as of 4/14/20