On Wednesday, the official payment date, Chase and Wells Fargo customers will begin receiving the third stimulus check via direct deposit. Some Americans had their first $1,400 stimulus checks processed last Friday.
Stimulus Checks Hit Chase And Wells Fargo Accounts
The payments, totaling millions, are expected to be distributed in the coming weeks, with 85% of Americans predicted to be eligible.
All qualifying dependents, including college students, adults with disabilities, parents, and grandparents, will receive payments in this third installment, unlike the previous two payments, which were only given to children under the age of 17.
Officials insist taxpayers need take no action in order to receive the payments, which will be based on either 2019 or 2020 tax returns (whichever was most recently filed) or data supplied to the IRS by non-filers in the prior year.
Stimulus checks hit Chase and Wells Fargo accounts starting Wednesday https://t.co/JxKM8S5Rh9
— WFXR News (@WFXRnews) March 17, 2021
These payments are made possible by the $1.9 trillion COVID-19 relief package signed into law in March by President Joe Biden.
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