The ABA has prepared a resource for banks to help them immediately prepare for the large number of EIPs that could be sent via ACH on the first day of processing—which could come as early as this weekend.

ABA is encouraging banks to take steps including planning to have call center and ACH operations staffing levels ready as well as ordering and moving sufficient cash to meet a surge in ATM and branch withdrawals as EIPs land in customer accounts. ABA has also prepared a set of talking points that address the EIPs, as well as other key provisions of the bill.

• View the EIP planning resource.
• View the EIP talking points.
• View the talking points on the relief bill.
• For more information on EIP preparations, contact ABA’s Steve Kenneally.