Tips from Earnings Edge: ACH Processing for Government Stimulus Checks

As government stimulus checks have started reaching member accounts, your credit union may have questions about how ACH processing and balancing are affected.  Earnings Edge has compiled a list of inquiries and recommendations, with links to additional information/resources.  Follow the link below to view the PDF.

View the PDF

Additionally, the IRS is using the same Company ID as all the Tax refunds completed in 2018 & 2019 for the government stimulus checks.  For instructions on how to update a Company ID using the Copy/Merge feature in CU*BASE, click here to view an alert posted earlier this week.

Contact us with any questions at: earningsedge@cuanswers.com.