- Dec 11, 2018
U.S. Treasury Secretary Steven Mnuchin on Sunday said Americans can expect to receive a portion of the $2 trillion coronavirus stimulus package within three weeks, either by direct deposit or a check in the mail.
How each individual or family will receive the money ― up to $1,200 for individuals or $2,400 per couple ― will depend on whether the Internal Revenue Service has their direct deposit information, he said on CBS News’ “Face The Nation.
“We will create a web-based system for people where we don’t have their direct deposit, they can upload it, so that they can get the money immediately as opposed to checks in the mail,” Mnuchin said.
The IRS already has bank information for individuals who provided it for tax refund checks.
National Economic Council Director Larry Kudlow, speaking on ABC’s “This Week,” forecasted a similar timeline for the distribution of individual checks. He added that federal loans to small businesses will be ready for processing by this coming Friday.
“We’ll have rapid speed, much faster than has been done in the past with these things,” he said. “We will get it into people’s hands right away.”
Mnuchin: Americans Can Expect Coronavirus Relief Checks In 3 Weeks
How each person receives the money will depend on whether the Internal Revenue Service has their direct deposit information, the treasury secretary said.