Golden State Stimulus and Golden State Grant Program

What you need to know about California’s Golden State Stimulus and Golden State Grant Programs

Updated August 19, 2021

Golden State Stimulus (GSS I and GSS II)

On February 23, 2021 Governor Gavin Newsom signed into law a package of legislative actions that includes the Golden State Stimulus (GSS) plan to provide financial support due to economic impacts caused by the COVID-19 pandemic.  On July 12, 2021 a second round of GSS payments were approved – GSS II – that will provide up to $1,100 in payments for eligible recipients. 

  • Payments will be distributed via direct deposits or check

  • Individuals can be eligible for both GSS I and GSS II

  • Please refer to ftb.ca.gov for additional information including qualification requirements and to verify eligibility

California Franchise Tax Board Information Center

The Calfornia Franchise Tax Board has created a "Golden State Stimulus" page with the most up-to-day answers to many of your questions, including:

  • Do I qualify for the Golden State Stimulus (GSS) 
  • How much will I receive? 
  • When will I receive my stimulus? 
  • How do I check the status of my stimulus payment?

Golden State Grant (GSG)Program

Enacted as part of the same legislation that included the Golden State Stimulus Program (GSS), the State of California will be offering the Golden State Grant Program (GSG).

  • The GSG is in addition to the GSS stimulus payments – individuals may qualify for both payments.

  • Payments will be $600. 

  • To learn more about the Golden State Grant program (GSG) please visit California Department of Social Services.

California Department of Social Services

The California Department of Social Services provides additional information on the Golden State Grant Program (GSG) and the most up-to-date answers to many of your questions, including:

  • Do I qualify of the Golden State Grant Program (GSG)?
  • How will I receive the Grant payment?
  • When will I receive the Grant payment?

Stimulus and Grant Payments: How we are changing our overdraft process

We made the decision to amend our overdraft processes to provide you access to stimulus payments in their entirety for clients who deposit their Golden State Stimulus (GSS I and/or GSS II) and/or Golden State Grant payment (GSG) into a Union Bank deposit account via a check or direct deposit. 

If at the time your stimulus/grant payment is deposited (via Direct Deposit or Check) your account has a negative balance, we may apply a Temporary Credit to cover the negative balances in your account so that you may have full access to your stimulus payment. Clients who cash their check are not eligible to receive a Temporary Credit.  The Temporary Credit will remain in your account for 90 days, after which it will be reversed, and the amount will become due.

Important information about your temporary credit:

  • The temporary credit transaction will be labeled "Miscellaneous Bank Originated Item" online and in your statement.
  • We'll send a reminder notification approximately 21 days before your temporary credit is scheduled to be reversed.
  • If you close your account before the end of the 90-day period, the temporary credit amount becomes due and you will have 45 days to repay.
  • If your account remains or becomes overdrawn for 45 consecutive days, your account will be closed, even if it's before the 90-day period ends.
  • If you received a temporary credit from a prior COVID-19 Relief Payment, the temporary credit will be reversed at the end of its initial 90-day period as previously communicated.  Each temporary credit is reversed according to its own 90-day timeline.
  • The reversal of a temporary credit may cause your account to go into a negative balance - please monitor account balances to avoid potential overdrafts.
  • If you do not wish to participate in this service, we can reverse the temporary credit when you contact a branch.  Please visit unionbank.com/locations to find your local branch.

  • If you deposited your Golden State Stimulus (GSS) and/or your Golden State Grant payment (GSG) into a Union Bank deposit account and did not receive a Temporary Credit and you would like to receive a Temporary Credit please contact a branch or call us at 1 (800) 238-4486 Monday – Friday 7:00 a.m. to 5:00 p.m. PST, Saturday 8:00 a.m. to 5:00 p.m. PST.

Illustrative Examples

These examples are for illustrative purposes only. The actual balances, amount and timing of Temporary Credit issuance may vary based on the method of deposit of your Covid-19 relief payment(s).

Example #1: Account Balance is Negative at the time the Golden State Stimulus Payment (GSS)  and / or Golden State Grant Payment (GSG) is Deposited

Let’s say the balance in  your account at the time a $600 stimulus / grant payment is deposited is negative $250. To ensure you have full access to your stimulus / grant payment, we will temporarily credit the amount overdrawn into your account. Here is an example:

Illustrative of Account Balance is Negative at the time the Golden State Stimulus Payment is Deposited

Temporary Credit Reversed

After 90 days, regardless of your account balance, we will reverse the Temporary Credit.

Let’s say that 90 days later, the balance in your account is $300. The previously applied Temporary Credit of $250 will be reversed, bringing your account balance to $50. Here is an example:

Illustrative Example of Temporary Credit Reversed

Example #2: Continuous Overdraft Closure

If your account remains or becomes overdrawn for 45 consecutive days, your account will be closed, even if it’s before the 90-day period ends.

Illustrative Examples of Continuous Overdraft Closure

Example #3: Reversal of a Temporary Credit from a prior stimulus payment and current Golden State Stimulus (GSS) and / or the Golden State Grant Payment (GSG)

If you received a Temporary Credit from a prior stimulus payment, it will be reversed at the end of that initial 90-day period as previously communicated.

Illustrative Example of Reversal of a Temporary Credit from a prior stimulus payment and current Golden State Stimulus (GSS)

Temporary Credit from current Golden State Stimulus (GSS) and / or Golden State Grant (GSG) Reversed

After 90 days, regardless of your account balance, we will reverse the Temporary Credit applied to your Golden State Stimulus (GSS) and / or Golden State Grant (GSG).

Let’s say at the time the current Temporary Credit is scheduled to be reversed, the balance in your account is $300. The previously applied Temporary Credit of $250 will be reversed, bringing your account balance to $50. Here is an example:

Illustrative Example of Temporary Credit from current Golden State Stimulus (GSS) Reversed

FAQs

If my account is closed and the California Franchise Tax Board tries to deposit into it, what will happen?

We will attempt to redirect your stimulus payment to an alternate Union Bank account with the same account ownership. If we are unable to do so, the GSS will be returned to the California Franchise Tax Board. Please refer to CA.gov for more information. 

Will I receive a 1099 for this amount? Will it be taxable?

Union Bank will not be sending a 1099 for the GSS or the GSG. We ask that you please contact your tax advisor for information on how this impacts you.

Woman depositing a check on her phone

Tools to help track your payments

  •  Sign up for Online and Mobile Banking. It gives you 24/7 access to your finances and the ability to create a direct deposit alert delivered via email or text message.
  • Deposit checks from anywhere, using your mobile device. Just snap a picture and click.  Watch this video to learn how.
  • Download the Union Bank App to review your accounts, deposit checks, and more.