All branch lobbies and drive-up windows are open during normal business hours.
When visiting a Thomaston Savings Bank office, please help us keep each other safe and stop the spread of COVID-19 by following these guidelines during your visit:
If you are currently experiencing financial hardship as a result of COVID-19, please call us at 855.344.1874 so we can tailor a solution to help with your specific situation.
On March 11, 2021 new COVID-19 relief legislation was signed into law that provides for another round of stimulus payments to individuals. This relief program is similar to the first and second rounds initiated in April 2020 and January 2021.
The IRS sent direct deposit payments for credit to eligible Thomaston Savings Bank accoutholders on March 17 and March 24. For recipients who were not eligible for payment via direct deposit, payments by check and prepaid card began being processed by the IRS on March 12 and will be delivered by mail over the coming weeks.
The IRS published a list of frequently asked questions here.
Answers to more frequently asked questions are provided below.
The maximum payment for an individual is $1,400. Couples filing jointly earning less than $150,000 per year will receive $2,800. Eligible families will also receive $1,400 for each dependent (children and adults).
The maximum benefits will apply to indiviudals with an income below $75,000 per their 2020 tax returns (or 2019 if that is the most recent the IRS has). Those with incomes higher than $75,000 will receive a prorated amount until the cut-off income of $87,000, if they have no depdendents. For couples, the full benefit will apply to those earning up to $150,000 and will phase out as income approaches $160,000.
The IRS has already processed payments eligible for direct deposit. If the IRS did not have your direct deposit information on file, you should expect to receive your payment by check or prepaid card in the mail in the coming weeks.
Generally, if your account is closed and you do not have another deposit account open with us, your EIP direct deposit will be returned to the U.S. Treasury. The U.S. Treasury will then mail a paper check to you.
If your account is closed and you still have another open deposit account with us, we may reroute your EIP direct deposit into the open deposit account.
If your account is overdrawn at the time the payment posts to your account, the direct deposit will automatically reduce your overdrawn balance and any remaining funds will be available to you for withdrawal. If you need access to the entire amount of your payment, please call us at 855.344.1874 for assistance.
Fraudsters have been targeting COVID-19 relief programs. We encourage you to exercise caution opening emails and clicking on links, and do not provide personal information over the phone, by email, or through unfamiliar websites. Scroll down to the Avoid Scams and Protect Your Money section of this page for a list of common scams related to the COVID-19 pandemic.
The way you save or spend your stimulus payment should depend on your current financial situation. As always, we are here for you so please call or visit us to talk about how we can help you make the most of this money.
Thomaston Savings Bank offers several alternate banking solutions for those that wish to avoid public places or cannot visit us in person during this time, including:
Unfortunately, fraudsters are finding ways to take advantage of fears related to the coronavirus. Learn about the common scams and what you can do to protect yourself.
During a time of economic uncertainty, it is natural to be concerned about the safety of your hard-earned money. Thomaston Savings Bank is a member of the Federal Deposit Insurance Corporation (FDIC). Since the FDIC was founded in 1933, no depositor has ever lost a penny of FDIC-insured funds. Today, the FDIC insures up to $250,000 per depositor per FDIC-insured bank. An FDIC-insured account is the safest place for you to keep your money.
It is important to seek information from official and well-supported sources. Here are some resources for your reference: