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$1,400 stimulus payments coming soon: What happens if yours doesn’t? How long will you have to wait?

What happens if you don’t receive the latest round of stimulus payments on Wednesday, March 17?

Many Americans who make less than $75,000 are scheduled to receive their payment by Wednesday, according to a tracker system by the Internal Revenue Service or IRS.

Every adult, child, or adult dependent will receive a check for $1,400. If two people file jointly and they make less than $150,000 the checks will also be coming their way.


Here’s what the American Bankers Association said about the delay between when President Joe Biden signed the COVID relief bill into law- and when those payments would drop on March 17:

“The IRS recently sent an initial wave of tens of millions of economic impact payments via the Automated Clearing House (ACH) system. The actual funds will be sent to the banks and credit unions on March 17, at which time funds will be made available to customers. Until that time, the funds remain with the government. While the IRS could have chosen to send the funds via Same Day ACH or provided for an earlier effective date, it chose not to do so. It is up to the sender, in this case the IRS, to decide when it wants the money to be made available and the IRS chose March 17.”

What happens after those payments drop on Wednesday is a little murkier. It’s estimated that around 85% of Americans are eligible for the latest round of payments. The IRS noted that approximately 100 million payments will be distributed within 10 days.


If you’re not set-up with direct deposit for tax purposes, then you could be among those who has to wait a little longer for a stimulus payment to drop. After those deposits drop this week- the federal government will begin working on issuing paper checks and pre-paid debit cards.

So, odds are if you don’t see something in your bank account by mid-week, then you’ll be waiting a little longer for your stimulus payment.

The IRS has a tool called ‘Get My Payment’, which can be used by clicking here to find out what the status is of your stimulus check.



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