Stimulus Payment Still Pending? This May Be The Reason Why

Some Americans are seeing their stimulus checks pending in their bank accounts, and they’re complaining about banks holding their stimulus direct deposits.

According to a story reported on by CNN and WHDH/7 News Boston, if you’re included in that group, don’t worry: Banks aren’t sitting on stimulus payments. It just takes a couple of days for the checks to process.

A Treasury official told reporters during a call on Friday, "Some people will see the money in their accounts as early as this weekend as a pending or provisional payment until it is cleared by their financial institution."

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The stimulus payments, worth up to $1,400 per person (and more for married couples and those with children), were included in President Joe Biden’s $1.9 trillion Covid-19 relief package that was signed on Wednesday.

“Customers who are eligible to receive direct deposit of their stimulus payment may expect it as soon as March 17, 2021,” Wells Fargo tweeted Friday. And many Twitter users responded to the tweet, complaining about the bank’s projected timeline.

Wells Fargo responded to Twitter users’ complaints Saturday, saying, the bank would “process all of the direct deposits according to the effective date provided by the US Treasury.” The tweet also highlighted that people can check the status of their payments by using the Get My Payment tool from the IRS.

Some Americans have already seen the latest round of stimulus payments hit their bank accounts. By Saturday morning, several people had posted on social media about seeing their stimulus payments pending in their bank accounts.

Although direct deposits have gone out first, paper checks and prepaid debit cards will be sent out before the end of March.

Please check out the full story on WHDH/7 News' website here.