Covid Personal Resources
Update as of December 31, 2020
Where is my stimulus payment?
The federal government is sending a second round of economic impact payments (EIP) to approximately 140 million eligible Americans over the first three weeks of January. Direct deposit payments may begin arriving as early as Monday, January 4th, 2021 and continue into next week.
United Bank is working closely with the Treasury Department to help eligible Americans receive those payments quickly, securely and safely during this challenging time. If you are expecting a payment, your funds will be made available to you immediately despite the transaction reflecting a pending status.
For the most up-to-date information related to your EIP payment and eligibility, visit IRS.gov/coronavirus. Please continue to monitor the IRS site for information. The IRS will be periodically making updates related to payment and eligibility information. Additionally, the Get My Payment portal will be available soon.
We want to make sure you have access to all the financial services we offer to access your accounts without needing to visit a branch.
• Online Banking - Visit www.UnitedBank.com to enroll or access online banking
• Mobile Banking - Download our mobile app at on the Apple Store or Google Play by searching UB Mobi for consumer app and UB Biz for business app. Snap a picture and conveniently make your stimulus deposit
• Smart ATMS - Deposit your stimulus payment at one of our deposit taking ATMs available at all United Bank locations
• Telephone Banking - 251-368-7979 or 1-800-861-8752 to verify your stimulus deposit
United Bank is committed to being a responsible partner in the communities we serve. We are optimistic we will get through this challenging year together. We're here to help.
The Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act, is a law meant to address the economic fallout of the 2020 coronavirus pandemic in the United States. In addition to the relief payments to all eligible US residents and a substantial small business assistance program -- Paycheck Protection Program, tax credits for employee retention, and other tax measures meant to relieve the burden for the short term, there are significant allowances involving retirement plans and the ability to access those funds for emergency needs. One of the things the CARES Act does is drastically changes required minimum distribution rules for 2020:
- Delays date for 2019 IRS contributions to July 15, 2020
- Required minimum distributions waived for 2020 and do not have to be made up
- For 401(k)s, the loan limit is the lesser of $100,000 or 100% of employee's vested account balance in the plan (for 180 days after enactment date of March 27, 2020). Hardship rules apply
For coronavirus-related hardship distributions from IRAs and 401(k)s:
- Waives the 10% early withdrawal penalty tax
- Exempts distributions from the mandatory 20% federal tax withholding
- Permits re-contribution within three years
With many Americans struggling in 2020 because of the pandemic, having more flexibility on distributions can be beneficial. For more information on the CARES Act, visit
Unexpected expenses are a part of life. Whether you need help with mortgage relief or debt management, or just want to learn healthy financial habits, visit our Financial Focus webpage for financial learning tools. There are even topics for teens and young adults to help them build a strong foundation for their financial future.
America Saves has many COVID-19 resources available on their website to help during the coronavirus crisis. Articles include Pantry Shopping and Meal Planning Tips, Family Fun Ideas to Try While Sheltering in Place and Where to Get Financial Help during the crisis. There's even a decision tree you can download on deciding how to best apply your stimulus check.
Teach Children to Save
The American Bankers Association offers many useful tools to help teach children about money and develop a savings habit early in life. Click on the links below for fun ways for your kids to learn about personal finances and saving for the future.
How to Check Your Stimulus Payments
How to Check on Your Economic Impact Payments
The IRS has set up a website that will give you information about your payment status, your payment type, and whether the IRS needs more information from you, including bank account information.To check on the status of your Economic Impact Payment, visit https://www.irs.gov/coronavirus/get-my-payment.
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