President Trump signed into law an economic relief stimulus package that offers approximately $2.2 trillion of assistance to American households and businesses affected by the Coronavirus pandemic, COVID-19. Here is helpful information regarding how the CARES Act could help you and your family.

Consumer economic impact payments

The CARES Act provides cash assistance to eligible taxpayers. The full credit amount of $1,200 for individuals and $2,400 for couples is available for individuals with income at or below $75,000 ($112,500 for heads of household) and couples with income at or below $150,000. You will receive an additional $500 per child. Your tax rebate amount will be reduced by $5 for each $100 your income exceeds the income limits. That means for those without children, an individual will not receive a rebate if his or her income exceeds $99,000 or for couples, more than $198,000 of income.

The Treasury Department and the Internal Revenue Service announced that distribution of economic impact payments will begin in the first three weeks of April and will be distributed automatically, with no action required for most people. However, some taxpayers who typically do not file returns will need to submit a simple tax return to receive the economic impact payment. Learn more by visiting


When can i expect my stimulus payment?

The IRS will be sending Economic Impact Payments over the next several weeks to those eligible. The first wave, an estimated 81 million payments, includes many of those who have provided their bank account information through filing their taxes in 2018 or 2019 or through other federal programs. Not all of the payments have been sent yet. Customers that are getting payments in the first round will have the funds available by Wednesday morning, April 15th.

The IRS determines when payments are made, and the bank will not know which round you are in until we receive a payment for you. Some people will be getting payments in future rounds. Many recipients will receive payments via check, and those are expected to be delivered over several weeks beginning the week of April 20th. Track your Economic Impact Payment using the IRS tool “Get My Payment”.

How will the IRS know where to send my payment?

For people who have already filed their 2019 tax returns, the IRS will use this information to calculate the payment amount. For those who have not yet filed their return for 2019, the IRS will use information from their 2018 tax filing to calculate the payment. The economic impact payment will be deposited directly into the same banking account reflected on the return filed. Learn more by visiting

Social Security Recipients Will Automatically Receive Economic Impact Payments. Learn more.

The IRS doesn’t have my bank account/direct deposit information. What can I do?

The United States Treasury has developed a web-based portal for individuals to provide their banking information to the IRS online so that individuals can receive an electronic payment quickly as opposed to waiting for a check in the mail. Learn more by visiting

How can I deposit my stimulus check if the bank lobby is closed?

Deposits can be made in person through our drive-thru or night deposit. You can also deposit your check electronically using the River City Bank Mobile app. If you’re a client and not already enrolled in online and mobile banking, Enroll today then download the Mobile app from Google Play or App Store.

When will my deposit be available for withdrawal?

Deposits are generally available for withdrawal within 1-2 business days following the date of deposit.

I would like to open a River City Bank savings account with my stimulus money. What do I need to do?

Please contact one of our account specialists at (706) 236-2123 and they will be glad to help you.

Additional relief programs & Resources

Tax Deadline Changed. The deadlines to FILE and PAY federal income taxes have been extended to July 15, 2020. Learn more.

401(k) withdrawal penalties waived. For a limited time, Americans will be able to withdraw money from tax-deferred accounts without penalties under a stimulus package. Learn more.

Temporary Relief for Student Loan Borrowers. Federal student loan payments will be waived for up to six months, and interest will not be accrued during this period. Learn more.

Additional Resources:

Watch for updates. We’ll update this page with more information about additional relief measures.