• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
FinanceCoronavirus

80 million stimulus check direct deposits have been processed. When will they arrive?

By
Laura Davison
Laura Davison
and
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Laura Davison
Laura Davison
and
Bloomberg
Bloomberg
Down Arrow Button Icon
April 13, 2020, 4:45 PM ET

Subscribe to Outbreak, a daily roundup of stories on the coronavirus pandemic and its impact on global business, delivered free to your inbox.

Americans will start to see their stimulus payments this week, a centerpiece of the $2.2 trillion rescue package meant to provide a buffer against the coronavirus pandemic that’s shuttered much of the U.S. economy.

The Internal Revenue Service has begun sending $1,200 payments to middle and lower income adults, plus $500 for their minor children, though it could take until September for every eligible person to get the money.

The first payments “should be deposited directly into individuals’ bank accounts; the precise date you will see payments in your account depends on how long individual banks typically take to process direct deposits,” according to a press release from House Ways and Means Committee Republicans.

The IRS will first send the money to individuals for whom the agency has direct deposit information. The remainder will be mailed as checks. That process is expected to begin April 20 but could take until the fall to complete.

Read: Trump’s name will be on stimulus checks—after he denied wanting his name on stimulus checks

The IRS processed more than 80 million payments on Friday that should be available in bank accounts early this week, Sunita Lough, the IRS deputy commissioner for services and enforcement, said in a video conference Monday.

Payments will be made first to those earning the least.

The IRS has launched a tool for non-tax filers, such as those who had income under $12,200 last year and weren’t required to file a federal return, to enter direct deposit information to get their payments.

The agency plans to have a second website up by April 17 that will show people the status of their payments, including the date the money is scheduled to be deposited or mailed. That tool will also let people who’ve typically gotten their tax refund in the mail to provide their bank account details to get their stimulus payment more quickly.

The IRS is using information from 2018 and 2019 tax returns to process the payments. It says taxpayers who’ve yet to file a return this year should do so as soon as possible, and elect to receive the refund via a direct deposit. The information can then be used to distribute the stimulus payments. Social Security and disability recipients will receive their payments automatically.

The tax deadline was extended to July 15 from April 15 to give people more time to file and pay during the pandemic.

Taxpayers who don’t need extra time and who expect to get a stimulus payment should file as soon as possible so the agency has their most up-to-date details on file, said Christina Taylor, head of operations for Credit Karma Tax.

“The quicker, the better,” she said.

Americans earning $75,000 or less, or $150,000 and below as a couple, are eligible for the full $1,200 payout per adult, plus $500 for each child under 17. Those amounts are reduced for people with higher incomes, and people who make $99,000 or more in earnings (or $198,000 for a couple) get nothing, even if they have children. Individuals must have a Social Security number to receive a payment.

More coronavirus coverage from Fortune:

—The IRS just launched ‘Get My Payment’ portal for tracking your stimulus check status
—How people are planning to spend their stimulus checks
—Do I have to pay back the stimulus check money?
—Filing for unemployment benefits? What to know before you start your claim
—Debt collectors could seize your stimulus check before you have a chance to use it, lawmakers warn
—How Fortune 500 companies are utilizing their resources and expertise during the pandemic
—Everything you should know about mortgage forbearance and skipping payments
—When will stimulus checks be deposited or mailed? Ensure yours is not delayed
—The 2020 presidential election can survive coronavirus if we take these 3 steps

Subscribe to Outbreak, a daily newsletter roundup of stories on the coronavirus pandemic and its impact on global business. It’s free to get it in your inbox.

About the Authors
By Laura Davison
See full bioRight Arrow Button Icon
By Bloomberg
See full bioRight Arrow Button Icon

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Finance

LawElon Musk
Musk misled Twitter investors before 2022 buyout, jury says
By Isaiah Poritz, Jef Feeley and BloombergMarch 20, 2026
2 hours ago
Economygeopolitics
Tariffs were already squeezing small businesses. Now the Iran conflict is pushing them to the brink as rising oil prices boost shipping costs
By Marco Quiroz-GutierrezMarch 20, 2026
3 hours ago
PoliticsIran
Trump says U.S. considers ‘winding down’ Iran military effort
By Jeff Mason, Courtney Subramanian and BloombergMarch 20, 2026
3 hours ago
bespectacled man scratches the back of his head during congressional hearing
CryptoCryptocurrency
Kalshi locks in $22 billion valuation, gaining slight edge over its rival Polymarket
By Carlos GarciaMarch 20, 2026
5 hours ago
Middle EastIran
It’s looking like Trump’s war created a private oil lane for China and other countries willing to play ball with Iran
By Jason MaMarch 20, 2026
5 hours ago
bessent
Politicsstudent loans and debt
Scott Bessent’s Treasury Department will start overseeing the $180 billion of student loans that are in default
By Collin Binkley, Nick Lichtenberg and The Associated PressMarch 20, 2026
6 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.