Stimulus Payment Details

March 13, 2021

Stimulus check deposits are pending until the release of funds by the Government on March 17.

As stimulus payments begin to be released, we will be diligently working to process deposits from the US Treasury as they arrive, but have no additional information beyond what the IRS website provides. As with the previous rounds of stimulus payments, they will likely be in waves, so KEMBA will not know when individual members will receive their payments. Please visit for more information and to use the “Get My Payment” page for a status update.

For members receiving physical checks, or conducting business at KEMBA branch drive-thrus, please be aware you may experience extended wait times due to the COVID-19 outbreak and the distribution of these stimulus checks. There may also be longer than normal hold times when calling Member Services. We appreciate your patience as we continue to serve your financial needs, and look for ways to enable efficient, secure banking.

Ways to Skip the Wait

If you receive a physical check, consider using Mobile Banking with Virtual Check Deposit to avoid the waits at the drive-thrus. Likewise, for those of you with everyday banking needs, you can also use Online Banking or Instant Access (Telephone Banking) to skip the wait times. Click the links below for more information on how to bank from the convenience of your home.

Helpful Hints When Your Stimulus Check Arrives

Once you have received your check, there are many ways to use your stimulus money. It is important to evaluate the options to see what makes the most sense for you and your family. Here are some tips that may help:

1. Beware of fraud

With checks arriving, the potential for fraud increases. For information regarding stimulus check fraud click here. To reduce the chance of fraud, it is recommended that you set up direct deposit with the IRS, click here for more information regarding IRS payments.

2. Plan before spending
Before spending any of the money, create a plan, starting with the essentials:

  • Cash levels already in your emergency fund or other liquid accounts
    • Food, household supplies, and other provisions
    • Mortgage, rent, car payments, utility and other critical bills

3. Fund an emergency savings account 
If you can afford to, put some of this money into an existing or new emergency fund so the money is there when you need it most.

4. Make a new budget
Stretch your stimulus check as much as possible by updating your budget  and monthly spending plan.

5. Pay off high-interest credit-card and other loan debt
Consider using part of the stimulus check to pay down high interest credit cards and other loan debt. This can help save you money and free up some cash flow in the long run. If you’re low on cash, consider paying just the minimum for the next few months; but, be aware that this will likely cost you more in interest in the long-term.

6. Make sure you’re earning the most you can on your money
Now is the time to make sure you’re making as much interest as you can on your various savings accounts, as every penny counts right now.

Please call us at 614.643.1660, if you have any questions about the best way to use your stimulus check for your individual financial circumstances. Our dedicated associates stand ready to help you navigate your finances during these difficult times.

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