12 Mar

Third stimulus payment approved

On March 11, President Biden signed into law The American Rescue Plan aimed to ease some of the financial difficulties still experienced by so many Americans. The third round of economic stimulus payments will be coming soon by direct deposit, checks or a debit card to those eligible. Individual amounts may vary, and you can get the latest information about what you can expect from IRS.gov/coronavirus.

 As a reminder, Navigator Credit Union does not have advance information about individual relief payments; you can view pending deposits on the mobile app and/or set up pending deposit alerts through online banking.

While you wait for your payment, someone else is too: scammers. Navigator has some tips from the FTC on how you can spot and avoid scammers.

  • The government will never ask you to pay anything upfront to get your economic stimulus payment.
  • The government will not call, text, email or message you to ask for your Social Security, bank account, or credit card number.
  • A legitimate entity will NOT ask you to pay by gift card, cryptocurrency or wire transfer.

The new law also has some language about health insurance, temporarily increasing subsidies for newly laid-off people and many people buying their health insurance through the Affordable Care Act (ACA). The above tips apply here too! A legitimate entity will never call, text, email or message you out of the blue about getting or keeping health insurance coverage, demand payment or your account numbers. If they do, it’s a scam.

If you spot one of these scams, please tell the Federal Trade Commission at ReportFraud.ftc.gov.