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Millions of Americans are looking for their third stimulus payment. Some may have to wait a little longer than others. Here are some frequently asked questions that may help ease your mind as you wait for your payment.

How much will I get?

Under the American Rescue Plan, every eligible person will receive a $1,400 third stimulus check "base amount." For married couples that file a joint tax return, the base amount is $2,800. Then, for each dependent in your family (which includes not only children, but for the first time, adult dependents as well), an additional $1,400 will be tacked on.

But not all people will receive the full amount. As with the first two stimulus payments, third-round stimulus checks will be reduced - potentially to zero - for people reporting an adjusted gross income (AGI) above a certain amount on their latest tax return. If you filed your most recent tax return as a single filer, your third stimulus check will be phased-out if your AGI is $75,000 or more. That threshold jumps to $112,500 for head-of-household filers, and to $150,000 for married couples filing a joint return. Third-round stimulus checks will be completely phased out for single filers with an AGI above $80,000, head-of-household filers with an AGI over $120,000 and joint filers with an AGI exceeding $160,000.

Your filing status, AGI, and number of dependents will be taken from either your 2019 or 2020 return. If your 2020 return is already filed and processed when the IRS is ready to send your payment, your stimulus check will be based on information from your 2020 return. If your 2020 return isn't filed and processed at that point, the IRS will use your 2019 return. If your 2020 return is filed and/or processed after the IRS sends you a stimulus check, but before July 15, 2021 (or September 1 if the April 15 filing deadline is pushed back), the IRS will send you a second payment for the difference between what your payment should have been if based on your 2020 return and the payment actually sent based on your 2019 return.


When will I get it?

According to White House Press Secretary Jen Psaki, some people could start receiving electronic payments as soon as the March 13-14 weekend. This wold just be the first wave of payments. More stimulus check payments would then be sent over the following weeks.

To check the status of your payment, visit the IRS's online tool, Get My Payment. This site should give your payment status and payment type. Note that the portal will not allow recipients to input any bank account information as it did during the first round of stimulus payments.

How will I receive my payment?

If you don't receive a direct deposit, watch your mail for either a paper check or a debit card. To speed up delivery, a limited number of people will receive their third stimulus payment by debit card.

But the form of payment for your third stimulus check may be different than your first or second payment. Some people who received a paper check last time might receive a debit card this time, and some people who received a debit card last time could receive a paper check.

The debit cards will be issued by MetaBank, and they will arrive in a white envelope that prominently displays the U.S. Treasury Department's seal. The Visa name will be on the front of the card, and it will say 'MetaBank' on the back. More information about these cards is available at

Can I get notified when my stimulus deposit has been made?

Yes! F&M Bank makes it easy for our clients to stay up to date on important financial transactions and personal events. To sign up for our email and text alerts so that you know immediately when your deposit has been made, simply log into Online Banking, select the “Options” tab and then “Alerts”. Next, choose the exact alerts you want to receive.

What if I closed the bank account I used for my last federal tax return?

If a direct deposit is rejected (e.g., if the bank account information is incorrect), the IRS will receive a rejection notice. At that point, the payment will be converted to a paper check and mailed to you.

When will the funds be available in my account if I am receiving a direct deposit?

As soon as we receive deposit transfers from the government, we will post them to your account immediately. We won’t hold back your stimulus deposit for any reason.

Where can I get more help?

To learn how to look at your account online or via the F&M Bank mobile app, check out our online and mobile banking resources.

If you’d rather check your account by phone with our Telebanking service, call 704-637-9922 for account history 24 hours a day, 7 days a week, toll-free.

To deposit your check from anywhere, anytime, learn more about F&M Bank's mobile deposit feature and apply today

If you still have additional questions, please feel free to contact your personal banker or your favorite branch.