HOUSTON — After months of speculation and congressional negotiations, a third stimulus check is on its way to Americans.
Those checks will first come in the form of a direct deposit for many, possibly as soon as the weekend of March 13.
President Joe Biden on Thursday signed into law the $1.9 trillion COVID relief plan, which includes $1,400 direct payments to eligible Americans. It comes just in time as on Sunday, March 14, extra unemployment assistance and other pandemic aid was set to expire.
Payments on the way White House Press Secretary Jen Psaki said Friday the IRS and Treasury Department are working hard to get payments out. She said some people will see direct deposits hit their bank accounts as early as this weekend.
"This is of course just the first wave, but some people in he country will start seeing those direct deposits in their bank accounts this weekend and payments to eligible Americans will continue throughout the course of the next several weeks," Psaki said.
It's a process so many of us are all too familiar with from 2020 — anxiously awaiting that direct deposit, only to find out it was sent to the wrong bank account or as a debit card instead. These details are still being worked out for the third payment, but one thing is clear, the White House has said it wants to make sure the money goes out as quickly as possible.