(UPDATE! CHECKS NEXT WEEK!) $600 SECOND STIMULUS CHECK UPDATE & STIMULUS PACKAGE UPDATE 12/20/2020

(UPDATE! CHECKS NEXT WEEK!) $600 SECOND STIMULUS CHECK UPDATE & STIMULUS PACKAGE UPDATE 12/20/2020

This morning treasury secretary Steve Mnuchin let us know we can expect to receive stimulus early next week which reconfirms what he mentioned months ago that many should expect to see their stimulus checks hit their bank account within 7 days of the stimulus package being signed into law.

That means if a stimulus agreement is revealed, passed and signed today you can expect to see a “pending deposit” in your bank Monday December 28, 2020.

Individuals including children will receive $600 in direct payments. A family of four could end up with $2,400. The payments decrease for people who made more than $75,000 during 2019. They would phase out completely for people who made above $99,000 that year.

https://www.cnbc.com/2020/12/21/stimulus-checks-will-arrive-as-soon-as-next-week-mnuchin-says.html

but CNN experts say no … it’ll be at least two weeks
https://www.cnn.com/politics/live-news/second-stimulus-check-congress-12-21-2020/index.html

“We did it the first time — I can get out 50 million payments really quickly, a lot of it into people’s direct accounts,” Mnuchin told reporters then.
People who submitted their bank account information to the Internal Revenue Service with their 2018 or 2019 income tax returns would likely be first in line because the feds could deposit the checks right into their accounts.
https://nypost.com/2020/12/21/when-will-the-second-stimulus-checks-arrive-what-we-know/
As updates come out, I will be sure to share.
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