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ABA: The American Bankers Association
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Economic Impact Payments

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.

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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.

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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.

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ABA Resources

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.

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Steve Kenneally

Steve Kenneally

Senior Vice President, Payments

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Nessa Feddis

Nessa Feddis

Senior Vice President & Senior Counsel, Regulatory Compliance and Policy

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Brian Murphy

SVP, Card Policy Council

Bank Cards, Card Policy, Payment Systems

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