Expecting a $1,400 stimulus check by mail? Heres what to watch for PUBLISHED MON, MAR 15 20213:18 PM EDT UPDATED MON, MAR 15 20214:16 PM EDT
Lorie Konish
@LORIEKONISH
KEY POINTS Those $1,400 stimulus checks are starting to arrive by direct deposit. Other payments by paper check or debit card are expected in coming weeks. You should be vigilant about checking your mail, one expert says.
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Five other benefits are included on top of the new $1,400 stimulus checks Those new $1,400 stimulus checks are arriving.
While the majority of payments will be made by direct deposit, others will receive the money in the mail as paper checks or debit cards.
There could be some differences in what the U.S. Postal Service drops in your mail box this time, if thats how you receive the money.
While the first two stimulus checks had former President Donald Trumps name on them, you wont see President Joe Bidens signature on this latest round.
More from Personal Finance: Heres who qualifies for the new $1,400 stimulus checks New $1,400 stimulus checks could be garnished for unpaid debts Why Americans paid over $66 million to cash first stimulus checks
We are doing everything in our power to expedite the payments and not delay them, which is why the Presidents name will not appear on the memo line of this round of stimulus checks, White House Press Secretary Jen Psaki said during a briefing last week.
Instead, the checks will be signed by a career official at the Bureau of Fiscal Service, which is working with the IRS to deliver the money.
This has been the precedent prior to the previous presidential administration, according to a Treasury official.
Its really unusual to have an individual presidents name on a check, said Amy Hanauer, executive director at the Institute on Taxation and Economic Policy, a non-partisan tax policy organization.
Throughout U.S. history, its not been the case and its not been the way that its done, she said.
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Poster Comment:
Show me the money. Wait, there is no money since June 5, 1933 when FDR abrogated the gold standard.