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El Internal Revenue Service (IRS) confirmed through a statement on its website that some $1,400 stimulus checks have already started arriving in bank accounts of taxpayers after signing the President Joe Biden al "American Rescue Plan" which includes that and other aid for coronavirus.
According to the agency, which together with the Treasury Department leads third round check distribution efforts, most of the payments they will process in the first few days will be wire transfers.
"Following the passage of the American Rescue Plan Act, the first part of the payments will be sent by direct deposit, and some recipients will begin receiving them starting this weekend, and others will receive it next week," the statement said. agency in a press entry on IRS.gov.
Starting Monday, the IRS will also be processing payments in the form of paper checks or prepaid debit cards (EIP Cards).
“Additional payments will be sent in the coming weeks via direct deposit and by mail as a check or debit card. The vast majority of these payments will be made by direct deposit," the office added in a written statement.
The agency did not specify the exact number of payments it expects to process in the first distribution phase.
The IRS, however, clarified that in some cases, Americans will see direct deposit payments as pending or interim payments in their accounts before the official payment date of March 17. Source El DiarioNY