Stimulus money started heading to bank accounts Tuesday night
Aaron Barker, Senior Digital Editor
FILE - In this April 23, 2020, file photo, President Donald Trump's name is seen on a stimulus check issued by the IRS to help combat the adverse economic effects of the COVID-19 outbreak, in San Antonio. There were just a few hundred coronavirus cases when Congress first started focusing on emergency spending in early March. By the end of that month, as Congress passed the massive $2.2 trillion Cares Act, cases skyrocketed above 100,000 and deaths climbed past 2,000. (AP Photo/Eric Gay, File) (Eric Gay, Copyright 2020 The Associated Press. All rights reserved.)
WASHINGTON – The newly approved $600 stimulus checks started being deposited in bank accounts Tuesday night, according to Treasury Secretary Steven Mnuchin.
In a tweet, Mnuchin said his agency has delivered payment instructions to the Federal Reserve and the first payments could start arriving by direct deposit as early as Tuesday night. He said the deposit process will continue into next week.
Mnuchin said paper checks will begin to be mailed Wednesday.
People will be able to check the status of their stimulus payment later this week at irs.gov/getmypayment.
.@USTreasury has delivered a payment file to the @FederalReserve for Americans’ Economic Impact Payments. These payments may begin to arrive in some accounts by direct deposit as early as tonight and will continue into next week (1/2)