COVID-19: 2nd batch of consumers receive $1,400 stimulus payments in US

*The United States Government agencies say this round of stimulus payments to consumers includes a ‘large number’ of mailed paper cheques and prepaid debit cards

Isola Moses | ConsumerConnect

In continuation of the country’s COVID-19 stimulus payments recently authorised by the Congress and US President Joe Biden earlier this month, government agencies have said that more consumers will see $1,400 stimulus payments in their bank accounts or mailboxes from Wednesday, March 24.

The Treasury Department, IRS, and Bureau of the Fiscal Service announced Monday, that the second batch of stimulus payments began processing Friday, March 19, says agency report.

These payments will hit the bank accounts of taxpayers who have not yet received their money from the government Wednesday or even earlier, the agencies stated.

According to them, the second disbursement round includes a “large number” of mailed paper checks and prepaid debit cards.

However, consumers who do not receive a March 24 payment by direct deposit can expect to receive a mailed payment in the coming weeks, the agencies noted.

In respect of the Coronavirus stimulus payments in the country, several Americans have already received the stimulus payments authorised by Congress and President Joe Biden earlier this month.

ConsumerConnect gathered that the first batch of payments included about 90 million payments that totalled over $242 billion.

In the round of payments, eligible taxpayers are entitled to at least $1,400 per person, plus $1,400 per child and adult dependent, according to report.

IRS Commissioner Chuck Rettig in a statement said: “The IRS continues to send the third round of stimulus payments in record time.”

However, the IRS said consumers who had not received their payments should not call the agency.

Instead, they should use its “Get My Payment” tool to check on the status of their payment in the country.

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