New Stimulus Payment Update

$5 Bill

The first round of the stimulus payments will hit members accounts on Jan. 1, 2021. The government posted the information for the deposits yesterday. Although the information was sent out, it will still take a few days for the payment to arrive.

If you see a pending deposit from the IRS in your account for Jan. 4, you will get that deposit in your account on Jan. 1, 2021.

If you do not see the pending deposit, there’s a chance that you might be getting your stimulus payment in a future wave, much like the deposits from the CARES Act earlier this year.

Also, if you received a check for the first stimulus, please expect to get another check in the mail for this round of payments. This will take longer to arrive than the digital stimulus, but we’re still learning more information about the process as the IRS starts to distribute the money.

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