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While you may have heard them referred to as stimulus checks, the Economic Impact Payments were, for the most part, direct deposited into bank accounts or sent out as bank cards. More than 476 million payments totaling $814 billion in financial relief went to households impacted by the pandemic. The Internal Revenue Service based the amounts that individuals received on income, tax filing status, and number of children (or qualifying dependents, like a relative).

The first in a series of virtual panels with banking and financial services experts, this panel included speakers from lenders and financial institutions that administer programs established or expanded through pandemic relief legislation. Panelists represented a variety of views ranging from community banks, minority depository institutions, and large financial institutions. Learn more and view the video.