Paper stimulus checks could be delayed by up to 5 months

[Maddox]

A House Ways and Means Committee memo obtained by NBC News on Thursday outlined a potential timeline for how soon the money could go out.

For individuals who receive the funds via direct deposit, that money will start moving to them as soon as the week of April 13, according to the memo.

But for Americans who get paper checks by mail, the wait could be a lot longer – up to five months.

Those who will have the longest wait include those who receive paper checks, due to the fact that the IRS isn’t expected to start issuing those payments until the week of May 4. From there, it is expected that about 5 million checks per week will be sent, which could take up to 20 weeks.

Paper stimulus checks could be delayed by up to 5 months

A Congressional memo obtained by NBC News shows just how quickly stimulus payments could get into the hands of Americans. For some, the wait could be up to five months. A web portal may fix that.

www.cnbc.com

 

[Demon_skeith]

I'm still waiting to see who actually gets this type of money in the first place. Also hopefully they have my info on hand for direct deposit.