Economic Impact/Stimulus Payments
In this challenging time, Parkside understands that the economic impact/stimulus payments from the government are top-of-mind for our members. These payments will be direct deposited into the financial institution that is on file with the IRS. If no institution is on file, individuals will receive a paper check by U.S. mail. Parkside is doing everything in our power to ensure that the process of depositing payments into member accounts goes smoothly so that members have access to their funds as soon as possible.
Parkside is receiving stimulus deposits from the Internal Revenue Service in “batches.” The order in which the batches/payments are sent is determined by the IRS; we have no way of determining when a deposit will post until a file is sent to us by the IRS. The first batch of payments is scheduled to post to member accounts on Wednesday, April 15th. Please watch your accounts for “pending” ACH deposits.
While most eligible U.S. taxpayers will automatically receive their economic impact payment, some individuals will need to provide additional information to the IRS in order to receive their payment. For more information and to enter payment information please visit: https://www.irs.gov/coronavirus/non-filers-enter-payment-info-here