Notice to financial institutions:
Treasury Checks for IRS Child Tax Credit Payments
Please be advised that the U.S. Department of the Treasury’s Bureau of the Fiscal Service (Treasury) will be processing advance Child Tax Credit (CTC) payments authorized by the American Rescue Plan Act of 2021.
Beginning in July, CTC payments will be issued with a payment date on the 15th of each month unless the 15th falls on a weekend or holiday. If the 15th falls on a weekend or holiday, the payment date will be adjusted to the preceding business day.
The Treasury check for a CTC payment will have identifying text in the memo field stating, “Advance Child Tax Credit Payment” and “[payment month, year]” (e.g., July, 2021).
As usual, the checks will be signed by a Fiscal Service disbursing official. The check symbol for the CTC checks under the Act will be 40447 and displayed in the MICR line.
A sample image of the front of a CTC check is at the end of this notice.
Treasury Check Verification: Fiscal Service encourages financial institutions to determine the status of CTC and other Treasury checks by using the Treasury Check Verification System (TCVS) for single queries and bulk queries using an automated programming interface (API).
The TCVS for single and bulk queries are tools to help the financial services industry check the status of U.S. Treasury checks. TCVS is available 24 hours a day, 7 days a week.
NOTE: TCVS is unable to provide assurance that the check being presented
is genuine (not counterfeit) or that it is properly payable. Check information
is not real-time and may not reflect that a check has already been presented
for payment and is in process.
Sample Image of Treasury CTC Check Payable under the Act