This credit makes your EIP funds available for your personal use—even if your account had a negative balance.
Here’s how it works. If your BB&T or SunTrust, now Truist account has a negative balance the day before your direct deposit stimulus payment is received, a 30-calendar-day temporary relief credit for the negative balance amount will be applied to your account. This temporary relief credit brings your account balance to zero, allowing your stimulus payment to be deposited and available for your use.
However, this is not a permanent credit. The repayment of the temporary relief credit will be automatically debited from your account on the 30th calendar day after the credit date on your account. We encourage you to closely monitor your account for the next month so that you’re prepared for the repayment.
Here’s what you need to know:
- Your government stimulus payment (direct deposit or check) was credited to your account.
- On the following business day during nightly processing, a temporary relief credit posted to your account. The amount of the credit was based on the negative posted balance of your account before your stimulus payment was applied. When reviewing your account activity, this credit has the description of “Temp EIP Relief 30 Day Credit.”
- After 30 days,* your account will be debited for the same amount as the temporary relief credit.
The same rules apply if you deposit a paper check EIP into your account, except the credit will be applied the following business day.
If you receive a temporary relief credit, we’ll send you an email or mail notification with additional information.