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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSTIMULUS CHECKS FOR UP TO $4,700 BEGIN ARRIVING IN BANK ACCOUNTS
Americans eligible for the coronavirus economic stimulus package have started seeing payments arrive in their accounts. The one-time payment from the U.S. Treasury looks to help ease the pressure from the huge economic downturn as a result of the coronavirus outbreak.
Stuart Sopp, chief executive officer of mobile banking startup Current, told The Wall Street Journal that "a bunch of the first wave" of payments from the Coronavirus Aid Relief and Economic Security (CARES) Act have started to appear in their customer's accounts.
Sopp said Current's data indicates that around 40 percent of the deposits so far were for $1,200, although some are as high as $4,700 depending on household specifics and other factors.
Those eligible for the payments received a minimum of $1,200 if they earn less than $75,000. Married couples filing jointly who earn up to $150,000 can receive a joint payment of $2,400, with additional payments of up to $500 available to those who live with children under the age of 18.
https://www.newsweek.com/coronavirus-stimulus-payments-1200-check-1497401
bearsfootball516
(6,377 posts)I checked my account this morning, still nothing.
Lochloosa
(16,063 posts)Wounded Bear
(58,645 posts)Historic NY
(37,449 posts)durablend
(7,460 posts)"IRS TREAS 310 TYPE: TAX REF ID: CO: IRS TREAS 310 ACH ECC PPD ACH (trace # redacted)" $1,200.00 April 10, 2020
at140
(6,110 posts)At least that is what I heard Mnuchin saying on TV.
book_worm
(15,951 posts)until Wed. So it's sitting there. but at least know it's there.
durablend
(7,460 posts)Mine is 'there', not pending. Wonder why some people have to wait?
Kahuna
(27,311 posts)at140
(6,110 posts)Matthew28
(1,797 posts)I get ssd and it isn't in my account yet.
Victor_c3
(3,557 posts)zeusdogmom
(990 posts)And he said just in time because his car needs some repair work.
Roland99
(53,342 posts)at140
(6,110 posts)If your AGI was $98,999 you would be dead last in line.
Roland99
(53,342 posts)at140
(6,110 posts)I would not worry unless there is no deposit by end of Friday.
Roland99
(53,342 posts)I start furlough next week so my last paycheck will be May 28 (for a 2-day week)
I'm burning up all the PTO I have banked (4 weeks and 2 days)
panader0
(25,816 posts)Vinca
(50,261 posts)mvd
(65,173 posts)My mom is on SS and I recently filed a return.
My bank yesterday said none at all came in.