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April 13, 2020 at 12:45 PM
(Photo: Shutterstock)
Just as the first stimulus checks hit eligible Americans’ bank accounts Monday, Democratic lawmakers are calling on the labor secretary to issue additional guidance on unemployment benefits.
The first $1,200 stimulus payments should be deposited directly into individuals’ bank accounts Monday, House Ways and Means Republicans said. The precise date of the payments will depend on how long individual banks typically take to process direct deposits.
“This process will repeat every week until all economic impact payments (EIPs) are processed,” the lawmakers said.
The checks will be issued in reverse “adjusted gross income” order — starting with people with the lowest income first, the lawmakers said.
Treasury Secretary Steven Mnuchin tweeted Monday that he expects more than 80 million Americans to get checks by direct deposit by Wednesday.
Millions of Americans are already seeing their Economic Impact Payments in their bank accounts. We expect over 80 million Americans to get their money by direct deposit by this Wednesday! https://t.co/IWIF3Tq741
— Steven Mnuchin (@stevenmnuchin1) April 13, 2020
Treasury and IRS said that these payments are being automatically issued to eligible 2019 or 2018 federal tax return filers who received a refund using direct deposit.
Non-filers can get their payment faster by using the ‘Non-Filers: Enter Payment Info Here’ web portal and entering their bank account information, Treasury and IRS said.
