Millions of Americans will receive $1,400 stimulus checks. For many, the money can’t come soon enough. Here’s what we know about the timing of the first wave.
Many Americans could be seeing green this Wednesday, March 17. And that’s not just because it’s St. Patrick’s Day. Wednesday marks the official «payday» when many of the $1,400 stimulus checks should be deposited. Yet some Americans may have seen the cash already cross their accounts. President Joe Biden gave the government the go-ahead to start sending the checks when he signed the American Rescue Plan into law last Thursday. The IRS announced on Friday it began sending out the money. «Some Americans may see the direct deposit payments as pending or as provisional payments in their accounts before the official payment date of March 17,» the IRS said in its statement. Some organizations like Chime, a fintech banking start-up, chose to make the funds available to its customers early. That prompted some people to question why other traditional banks had not done the same.
