No bank account? It’s easy to get banked
The fastest and easiest way to receive your child tax credits is through direct deposit into a checking account. With an insured bank account, you can receive stimulus funds and tax refunds securely and more quickly, and you don’t have to deal with the hassle and expense of cashing a check.
More than 10 million households in Texas are “unbanked.” However, that number will probably grow as more banks close because of the COVID-19 pandemic.
If your household doesn’t have a bank account, the child tax credit is a good opportunity to sign up and get access to your money more quickly.
Greg Mangum, vice president of economic mobility at United Way of Metropolitan Dallas, urges all North Texas families to get a bank account so they can receive financial assistance as quickly as possible.
“These advanced payments have helped a lot of families navigate the financial hardships they have experienced because of the pandemic,” he said. “Setting up direct deposit into your checking or savings account is the easiest, fastest and safest way to get the money coming to you and your family from federal tax and assistance programs like the child tax credit.”
Get Banked today
Visit our Financial Resources page for a list of banks that offer checking accounts with benefits like low or no fees, no minimum deposit, no minimum balance and more. You’ll also find a list of organizations that provide free financial guidance to help you meet your goals for 2021, plus free financial education programs that can help you become financially stable.Learn More
ABOUT UNITED WAY OF METROPOLITAN DALLAS
United Way of Metropolitan Dallas is a community-based social change organization that puts opportunity in the hands of all North Texans. Working with our determined supporters, we lead the charge to improve education, income and health—the building blocks of opportunity. We invite all change-seekers in our community to Live United to achieve lasting results right here at home.Learn More
This article was published on: Aug 12, 2021