Several American taxpayers have received their stimulus check via direct deposit from the federal government.
IRS news on Twitter announced the disbursement of funds on Monday.
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#IRS deposited the first Economic Impact Payments into taxpayers’ bank accounts today. We know many people are anxious to get their payments; we’ll continue issuing them as fast as we can. For #COVIDreliefIRS updates see: https://t.co/hEEWmgHA9V pic.twitter.com/2bSHOTjMAS
— IRS (@IRSnews) April 11, 2020
A senior Treasury official says many Americans who are eligible to receive a stimulus check can expect a direct deposit to hit their bank account by Wednesday, Fox News first reported.
According to the report, the official said the U.S. Department of the Treasury is transmitting payments to the Federal Reserve for distribution to financial institutions to be deposited into Americans’ bank accounts.
By the middle of the week, tens of millions of Americans who qualified for aid will have received their payment from the federal government.
The first batch of recipients will be those who filed their taxes in 2018 or 2019 and received a refund via direct deposit, the official explained to Fox News.
[Related: Didn’t file taxes? Here’s how you can get your stimulus check faster and electronically]
Filers who did not receive an electronic tax refund in the last tax year will be able to expedite their coronavirus aid payment by submitting their bank account information to the IRS online through the “Get My Payment” app being launched next week.