New Stimulus Check Could Hit Your Bank Account Next Week, Official Says
Treasury Secretary Steven Mnuchin told CNBC on Monday that Americans who qualify for direct payments in new COVID relief legislation could see that money hit their bank accounts in a matter of days.
“The good news is this is a very, very fast way of getting money into the economy. Let me emphasize: People are going to see this money at the beginning of next week,” Mnuchin told CNBC host Jim Cramer.
Mnuchin’s comments came hours before Congress’ expected vote to approve the $900 billion Covid-19 relief bill.
Individuals including children will receive $600 in direct payments. A family of four could end up with $2,400.