04/16/2020
The following information is specific to taxpayers who elected to have their 2019 federal tax refund processed by Republic Bank’s Tax Refund Solutions program during the filing process.
As you may be aware, the Federal Government has begun sending out Economic Impact Payments (EIP) to taxpayers; a process that is expected to potentially continue into May 2020. At this time, we anticipate these Economic Impact Payments (EIP) will primarily be sent directly from the IRS to taxpayers, regardless of whether or not a taxpayer opted to use a third-party bank, such as Republic Bank, for the disbursement of their federal tax refunds. On April 15, 2020 the IRS released an online “Get My Payment” tool; a tool which will allow taxpayers to do the following:
Check their payment status
Confirm their payment type: direct deposit or check
Enter their bank account information for direct deposits if the IRS does not already have the information on file and has not already disbursed the EIP
While we anticipate most payments will be sent directly from the IRS to taxpayers, please be aware, if Republic Bank does receive a current year taxpayer’s payment for some reason, the funds will be sent via mailed check to the taxpayer’s current mailing address on file at no cost to the taxpayer.
Taxpayers will be able to identify if they are a part of this small percentage of taxpayers whose funds will be routed to Republic Bank because the bank account on the IRS’ “Get My Payment” tool will show an account ending with the last 3 digits of the taxpayer’s SSN plus a zero.
To update a taxpayer mailing address, please visit republictaxpayer.com and submit a Taxpayer Maintenance Form.
For the most up to date information on Economic Impact Payments, and to access their “Get My Payment” tool, please visit the IRS.gov/eip.
We’re committed to helping you get your economic impact, or stimulus, payment as soon as possible. See if you are eligible for an Economic Impact Payment.