If you’re included in that group, don’t worry: Banks aren’t sitting on stimulus payments. It just takes a couple days for the checks to process.
“Some people will see the money in their accounts as early as this weekend as a pending or provisional payment until it is cleared by their financial institution,” a Treasury official told reporters during a call on Friday.
“Customers who are eligible to receive direct deposit of their stimulus payment may expect it as soon as March 17, 2021,” Wells Fargo tweeted Friday. And many Twitter users responded to the tweet, complaining about the bank’s projected timeline.
Some Americans have already seen the latest round of stimulus payments hit their bank accounts. By Saturday morning, several people had posted on social media about seeing their stimulus payments pending in their bank accounts. Although direct deposits have gone out first, paper checks and prepaid debit cards will be sent out before the end of March.
The money is expected to reach about 90% of families, according to an estimate from the Penn Wharton Budget Model.
— CNN’s Katie Lobosco and Veronica Stracqualursi contributed to this report.
Read More: Stimulus payment: Here’s why your check may still be pending