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.