Child Tax Credit Payments

Important Information about Coronavirus

On March 11, 2021, President Biden signed into law a bill that provides $1.9 trillion in additional coronavirus relief including an expansion of the Child Tax Credit (CTC) for the 2021 tax year.

The IRS will pay half the total credit amount to qualifying families and individuals in advance monthly payments beginning July 15 and continuing through the end of 2021. Recipients may then claim the other half when they file their 2021 income tax return. Regions will process the advance payments as they are received and will make payments available on the effective (settlement) date set by the IRS.

More Information about Child Tax Credits on IRS.gov.

Quickly access funds with direct deposit into your Regions bank account.

  • If the IRS already has your Regions bank account information and you are eligible for an advance CTC payment, you are already set. Regions will begin processing the payment to your account as soon as we receive it from the IRS and make it available on the effective date set by the IRS.
  • If the IRS does not have your bank account information and you are eligible for an advance CTC payment, you can use the IRS's Child Tax Credit Update Portal to add direct-deposit information, including your Regions bank account and routing number.

Load funds with direct deposit to your Regions Now Card® at no charge.

  • If the IRS already has your Regions Now Card information for direct deposit of tax refunds or Social Security benefits and you are eligible for an advance CTC payment, you are already set. Regions will begin loading the payment onto your Now card at no charge when we receive it and make it available on the effective date set by the IRS.
  • If the IRS does not have your Regions Now Card information and you are eligible for an advance CTC payment, you can use the IRS Get My Payment application to add you card information. When providing the information about your Regions Now Card, please remember to use your Now Card's 16-digit card number plus the following routing number: 065402892.

Deposit your advance CTC payment check to a Regions deposit account with no fee when you:

Deposits of advance CTC payments will first be applied to any negative balance in your Regions account.2,3 (See Important information about Garnishments, Levies and Other Legal Process)

If you cash an advance CTC payment check at an ATM:

Receive the full amount of your advance CTC payment, even if you have a negative account balance.2,3

If your advance CTC payment already has been deposited in your Regions account, you have options to receive the full amount of your advance CTC payment within 10 business days of the deposit.2,3 (See Important information about Garnishments, Levies and Other Legal Process)

If you received your advance CTC payment through direct deposit, you can call or make an appointment at your local branch to choose from these options:2,3

  • Request the cash equivalent of the funds.4,2,3
  • Receive a cashier's check for the funds at no charge.4,2,3
  • Request a new checking or savings account for the funds.2,3
  • Load the funds onto a new or existing Regions Now Card.2,3

If you deposited or cashed your advance CTC payment check at an ATM or through Regions Mobile Deposit and would like to receive the full amount of your advance CTC payment, please 2,3 call or make an appointment at your local branch. We want to help you find the right solution during this challenging time. (See Important information about Garnishments, Levies and Other Legal Process)