COVID-19 Resources

Access to Timberland Bank branch lobbies may be restricted in accordance with Washington State's COVID-19 response plan. If you need to access a safe deposit box, require special assistance with a financial matter, or want to schedule a loan appointment please call us at 1-800-562-8761 or contact us online. 

We are committed to serving our communities as a trusted financial partner, especially during these uncertain times. We encourage you to use the drive through facilities available at most Timberland Branches as well as online and mobile banking resources to access accounts. 

Timberland Bank Drive-ups, ATMs, night deposits and online banking services will remain available. Additionally, Timberland Bank staff will continue to be available via phone and email to assist customers. Thank you for your cooperation in helping us protect our customers and staff during the current COVID-19 outbreak.

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Economic Impact Payments

Economic Impact Payments began posting to accounts on January 4, 2021. If you did not receive the full Economic Impact Payment, you may be eligible to claim the Recovery Rebate Credit, a tax credit against your 2020 income tax. This credit may increase the amount of your tax refund or decrease the amount of the tax you owe. Learn more about the Recovery Rebate Credit. 

Check Your Payment Status

The IRS has provided a link to check the status of your payment. Please visit the IRS online for information on the stimulus payments and to check the status of your payment. 

FAQs

• When should I expect to see the payment in my Timberland Bank account? The IRS expected most electronic payments to be in customer accounts between January 4 and January 15, 2021.  We recommend that you set up transaction alerts within online and mobile banking, which will tell you when deposits post to your account.
• I didn't receive a direct deposit yet. Will I get a second Economic Impact Payment? We recommend checking the Get My Payment webpage from the IRS. The IRS updated Get My Payment on January 5, 2021 to allow you to see if you will receive the second Economic Impact Payment. 
  
• If I recently closed my Timberland Bank account, what will happen to my direct deposit payment? If an account is closed, your payment will be returned to the government and you will receive your payment in the mail. 

Protect Yourself from Scams

1. IRS Impersonation Telephone Scams: In this particular scam, callers claim to be employees of the IRS, but are not. These scammers may sound convincing and usually alter the caller ID to make it appear that the IRS is calling. Victims may be told that they owe money to the IRS, or they may be told that they have a refund due. Scammers often leave voicemails with "urgent" callback requests. 
2. Email, Text Message, Phishing and Malware Schemes: The IRS has reported an increase in scam emails and text messages that are designed to trick taxpayers into thinking the IRS, tax professionals, or others in the tax industry are contacting them. These fraudulent emails and texts may seek information related to refunds, filing status, PIN numbers or personal information. They often include links to websites that are designed to look like official sites. These sites may ask for your personal information or contain malware. 
3. Email Phishing Scam - "Update Your IRS e-File": This scam took off during the first round of Economic Impact Payments in 2020. This phishing scam involved emails that contained the direction "you are to update your IRS e-File immediately." While these emails were fraudulent and not sent from the IRS, the emails mentioned USA.gov and IRSgov (without a dot between "IRS" and "gov") and appeared to be official. 

In addition to traditional Small Business Administration lending programs, the CARES Act created several new, temporary programs to address the economic challenges facing small businesses during the COVID-19 outbreak. These programs include: the Paycheck Protection Program (PPP), Economic Injury Disaster Loan Emergency Advance (EIDL), SBA Express Bridge Loans, and SBA Debt Relief. To learn more about each option, please visit www.sba.gov. 

The SBA implemented the Paycheck Protection Program (PPP) to provide small businesses with the resources needed to maintain payroll, hire back employees who may have been laid off, and cover applicable overhead costs. A fundamental part of the program’s enacting legislation dealt with forgiving a portion, or all of, the amount borrowed if funds were used for allowable expenses during a certain period of time.

In December, 2020, Congress passed a new COVID-19 relief bill which included funding for an additional round of PPP financing to assist businesses. Under this new round of financing, eligible borrowers who previously received a PPP loan will be eligible to apply for additional PPP funding - known as a "second draw" PPP loan. The Small Business Administration (SBA) recently announced that all banks can submit applications for Second Draw PPP loans starting Tuesday, January 19th. We encourage you to monitor legislative actions and additional updates online at www.sba.gov.

PPP Loan Forgiveness 

We want you to be aware that guidelines governing forgiveness may change, and encourage you to monitor legislative actions and additional SBA amendments to current PPP guidelines at www.sba.gov and www.treasury.gov. 

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Deposit checks into your personal accounts anytime, anywhere using a smartphone or web-enabled mobile device! Mobile check Deposit is secure and easy to use.

1. Enroll in Online Banking and download the Mobile Banking App in the Apple or Google Play app stores.
2. Sign into your mobile app and select ‘deposit’. First time Mobile Deposit users will be prompted to enroll in Mobile Deposit. Once enrolled, click ‘make a deposit’.
3. Enter the amount of the check and select which account you would like to deposit into.
4. Endorse your check and write, for mobile deposit at Timberland Bank only.
5. When prompted, take a photo of the front and back of your check.
6. You will receive an email notification from customerservice@timberlandbank.com when your mobile deposit has been successfully submitted and received by Timberland Bank.