I saw this on CNBC today – What you need to know about the third round of stimulus payments https://www.cnbc.com/2021/03/10/what-you-need-to-know-about-third-stimulus-payment.html. Much longer article, but here’s a synopsis of it. Worth noting, debt collectors may be able to get your stimulus check. Congress is working on a solution, but it may not pass fast enough to avoid losing your stimulus check to a debt collector.
Most will be sent direct deposit starting sometime this week or early next week. It may take a while for those with direct deposit to get them as there is a limit to how many can be sent out at a time. For those who received paper checks, you will receive a paper check this time. Some may get the EIP card. The site is down for now as the IRS figures out how to implement the latest round of checks: https://www.irs.gov/coronavirus/get-my-payment. It should be up in a few days. Some people are already seeing pending deposits in their accounts based on what I have heard.
President Joe Biden signed off on the $1.9 trillion American Rescue Plan Act Thursday, guaranteeing millions of American households will receive a third round of direct stimulus payments.
The bill extends federal unemployment insurance benefits through Sept. 6, 2021, and increases the current child tax credit for 2021, among many other provisions. It will also send an estimated 89% of tax filers a third direct payment worth up to $1,400 for each individual and his or her dependents.
Now, the Internal Revenue Service (IRS) will begin sending payments to eligible households.