Last week the IRS began issuing the third wave of stimulus checks and while you may have seen many say they received theirs, you may still be awaiting yours.
There is a reason for that and there is no one else to blame besides the IRS.
So, as it turns out, the IRS gave instructions that said tens of millions were set to receive their payments on Wednesday, March 17.
“The IRS recently sent an initial wave of tens of millions of economic impact payments via the Automated Clearing House (ACH) system,” according to a statement issued by nine banking and credit union industry groups. “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.”Yahoo
Because that is the date they set.
Because of that, your bank or credit union did not begin issuing those funds into accounts until yesterday.
So, if you were set to receive a stimulus check via direct deposit, you should see it deposited by today. Keep in mind, there could be further delays.
However, if by today or even tomorrow you don’t see any funds deposited or pending, you may have to keep an eye on your mailbox.
The stimulus checks are being issued in waves with the first wave being direct deposit.
Then the IRS will move onto issuing checks and even debit cards via mail.
And of course, if you want to track your stimulus check, you can read how to do that here.