Direct Deposit is Proven, Fast and Secure

EIP timeline

New Campaign Highlights the Success of Delivering EIP Payments

As the coronavirus pandemic raged across the country, the U.S. government turned to Direct Deposit to deliver millions of economic impact payments (EIPs) to Americans. On April 15, exactly as the IRS instructed, 81 million Americans woke up to find their stimulus payments safely in their bank accounts thanks to Direct Deposit. Ultimately, the IRS would authorize 120 million payments via Direct Deposit.

However, despite this success, there have been mischaracterizations and inaccuracies in news reports and commentary regarding the delivery of government emergency assistance to consumers.

Nacha has launched a campaign to set the record straight.

Direct Deposit is proven, fast and secure, ensuring that federal benefits and government assistance are delivered on-time, every time, even in the face of unprecedented crises. Whether it's Social Security payments, veterans benefits, IRS refunds or stimulus payments, the federal government has a long and successful track record using Direct Deposit.

Direct Deposit delivered for Americans when they needed it most, and it stands ready to serve them again.

We invite you to visit the campaign page and the Direct Deposit Delivers for Americans page. And be sure to follow #DirectDepositDelivers or Nacha on Facebook, LinkedIn, Twitter and YouTube for updates.