You may have questions about the third round of COVID-19 stimulus payments being sent by the IRS. As your trusted financial institution, WSECU is here to help provide the information and resources to ensure you receive your payment securely and in a timely manner.

Members eager for their stimulus payment may see it noted as a "pending" deposit in their Online or Mobile Banking with a date 2-3 days in the future. This is a notice that the IRS intends to deposit the money on the noted date. Since WSECU does not have the funds quite yet, we're unable to make the deposit early. The good news is that the pending notice means the deposit will be here soon!

Don’t worry! The IRS will send payments out in waves. You can use the IRS's payment tracking tool to learn about the status of your payment and whether the IRS needs any additional information from you.

If your payment has already been sent to a recently closed WSECU checking account, but you have a new WSECU checking account, we will automatically post the deposit to your new account.

If your payment has been sent to a closed WSECU account and you don't have another account with us, please contact us as soon as possible. If we do not hear from you within 48 hours of receiving your payment, we must return it to the IRS.

If your checking account is overdrawn at the time your stimulus payment is deposited, we will post the funds to your savings account instead. You can access the money from your savings account through a variety of services or transfer funds to your checking account as needed.

First, you will need to activate your EIP card and set a PIN by calling Money Network Financial at 800.240.8100.

Once activated, it can be used anywhere Visa^® Debit Cards are accepted.

• Pay for items directly with the EIP Card.
• Get cash back while making an in-person purchase.
• Transfer the balance to a financial account by using the EIP Card website, downloading the Money Network Mobile App or calling Money Network Financial at 800.240.8100. Please see the FAQs on the EIP Card website for more information.
• If you prefer to withdraw the balance as cash, there are several options. Any fees associated with withdrawals are located in the cardholder agreement on the EIP Card website.
  • For in-person cash withdrawals, come into one of our branches during regular business hours. Please note, we will not be able to see your card balance. You can check the amount on your card by using the Money Network Mobile App, on the EIP Card website or by calling Money Network Financial at 800.240.8100. 
  • You can also withdraw from an ATM. Use the EIP Card ATM locator to find a surcharge-free ATM near you.

If you still have questions about these payments, you can find more detailed information on the IRS's website.

Set up account alerts in Online or Mobile Banking to notify you with a text message or email when your deposit arrives. Simply go to the account where you expect the stimulus deposit and look for the “Set Alerts for this Account” link.

Deposit your check and access your funds quickly with the Mobile Deposit feature in Mobile Banking. If you don’t have the app, you can get it in the App Store or on Google Play.

Remember, you will need to sign the back of your check for deposit. If the check is made out to you and your spouse, the IRS requires both of your signatures on the back.

You can deposit your check using one of our ATMs, drive-thrus or night deposit drops located at your local branch. You can also come into one of our branches during regular business hours. Service availability and hours of operation are updated regularly on our locations page.

Remember, you will need to sign the back of your check for deposit. If the check is made out to you and your spouse, the IRS requires both of your signatures on the back.

The IRS has issued warnings to watch out for scams relating to the stimulus payments. Don’t give out your personal or bank account information to anyone, even if they claim it’s related to your economic impact payment. And don’t click on links from email senders you don’t recognize. Always go directly to the IRS website to get updates, and watch your mailbox for official correspondence.