The US government is preparing to send out direct payments to help individuals amid the coronavirus pandemic, but those who need the money most may be waiting the longest to see it.
The first payments could go out within three weeks, and will likely go to those for whom the Internal Revenue Service already has direct deposit information on file.
It’s unclear how long it will take to get the money to everyone else — but experts say it could take weeks or even months.
Previous stimulus payments in 2001 and 2008 have been delivered by both direct deposit and checks in the mail, but mobile payment services like Venmo want to play a role this time. Treasury Secretary Steven Mnuchin said on Sunday that there will be a web-based app for those whose information is not on file to register their payment details…
To read the entire article from CNN, click https://www.cnn.com/2020/04/01/politics/stimulus-money-distribution-individuals/index.html