First $750 stimulus payment to hit pensioner’s bank accounts from today

Mar 31, 2020
Those who are eligible for the Economic Support Payment do not need to contact anyone in order to qualify for, or receive, the payment. Source: Getty.

The first $750 Economic Support Payment will start landing in the bank accounts of almost 7 million Australians from today, just weeks after it was unveiled by Treasurer Josh Frydenberg.

A total of 6.8 million Aussies, including more than 2.4 million Age Pension recipients, will pocket the no-strings payment automatically, as the government attempts to prop up the country’s economy throughout the ongoing coronavirus crisis.

“The payment is providing immediate support to lower income Australians, including pensioners, other social security and veteran income support recipients and eligible concession card holders,” Minister for Government Services Stuart Robert said in a statement today.

Those who are eligible for the payment do not need to contact anyone in order to qualify for, or receive, the payment. Robert added: “It will be paid automatically to anyone receiving an eligible payment or concession between 12 March 2020 and 13 April 2020.”

Eligible payments include, but are not limited to, the Age Pension, Disability Support Pension, Carer Allowance, Newstart, Partner Allowance and the Widow B Pension.

Read more: Know the facts: When will pensioners receive the $750 stimulus payment?

The first payment was announced on March 12, as Prime Minister Scott Morrison unveiled the Coalition’s first economic stimulus package. Since then, the PM and treasurer have announced further economic support measures to help Australians through these unprecedented times.

A second Economic Stimulus Payment of $750 was announced by Frydenberg just over a week ago, and will again be paid automatically to those who are eligible from July 13.

Minister Robert also previously warned Australians to be vigilant and stressed that Services Australia will not be contacting anyone to gather personal details. Should you need to update your details, it is instead recommended that you do so by accessing your myGov account online, or by calling Services Australia on 132 300.

Robert added: “If you receive an email purporting to be from Services Australia or Centrelink about the stimulus payments, it is most likely to be a scam. Services Australia will not communicate via email about this payment.

“Services Australia have specialist teams and sophisticated fraud detection programs operating in real time to prevent fraudulent claims. The Morrison Government takes all allegations of fraud seriously and assess all allegations we receive.”

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Are you eligible for the payment? Do you think the government has done enough to support the economy?

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