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FLASH!!! 3rd Stimulus Check Already in Bank Account


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 A friend in Virginia just told me that his $1,400 3rd stimulus check just hit his bank account. It is the same bank account that he used in 2019 to pay his taxes.... hasn't filed his 2020 taxes yet.

I looked at mine and Nada yet, but......

That's QUICK!!!



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On 3/12/2021 at 10:29 PM, MtnMama said:

I got an email from my Colorado Credit Union saying they are expecting to have the money released on 17 March.

Some banks are holding the cheques (which really should be illegal) so they can make money on them. Chase and Wells Fargo are the ones that have been reported to be doing this.

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The banks may be holding the deposits but when Treasury transmits EFT payment each record contains a release date. If the date is in the future the deposits are warehoused until that date. The banks could post the deposits early but they don't get reimbursed until the settlement date. 

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