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Coronavirus stimulus money starts to flow into bank accounts

   Sunday April 12, 2020 - 5:41 AM
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WASHINGTON Americans are starting to receive their cash payments via direct deposits, part of the 2 trillion bill passed by Congress to stimulate the economy after the decline caused by the pandemic.IRS deposited the first Economic Impact Payments into taxpayers bank accounts today. We know many people are anxious to get their payments well continue issuing them as fast as we can, the IRS tweeted on Saturday.
Numerous Twitter users also posted on Saturday that they had received a deposit.

The Treasury Department said that about 80 million Americans will get their coronavirus payments this week, and a large majority of eligible Americans will get them within the next two weeks.

For those who do not have direct deposit information registered with the IRS, it could take months for checks to be mailed. To mitigate the backlog, the IRS is expected to launch later this week a new web portal, called "Get My Payment," where Americans can check the status of their payment. The tool will include a feature where you can enter your bank account information so that if the IRS doesnt have it from your ...

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