Stimulus payments hit some Americans’ bank account over the weekend, just two days after the bill authorizing them was signed into law. Many Americans announced on social media that the $1,400 stimulus payments were listed as pending transactions in their bank accounts. The payments were included in the $1.9 trillion American Rescue Plan, which President Joe Biden signed into law Thursday.
More payments will be sent in the coming weeks by direct deposit and through the mail as checks or debit cards, but the vast majority of payments will be made by direct deposit, the IRS said. No action will be needed by most taxpayers, the IRS noted, but Americans can use the Get My Payment tool on the IRS’ website to check the status of their payments.