As Americans await news about the stimulus bill and the prospect of receiving direct Economic Impact Payments, ICBA has compiled answers to the top issues impacting community banks.
ICBA updates FAQs on stimulus payments
December 23, 2020 / By ICBA
As Americans await news about the stimulus bill and the prospect of receiving direct Economic Impact Payments, ICBA has compiled answers to the top issues impacting community banks.
As Americans await news about the stimulus bill and the prospect of receiving direct Economic Impact Payments, ICBA has compiled answers to the top issues impacting community banks.
To prepare, ICBA advises bankers to evaluate their cash forecast now to ensure sufficient cash on hand and for replenishing ATMs. Banks are encouraged to coordinate their orders with the Federal Reserve and their armored car service.
Banks should also ensure that they have adequate staffing in supporting functions, such as call centers and payment operations, to handle a possible increase in customer questions or payment exception processing.
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