What Date Will the Second Stimulus Checks Arrive?

Congress has passed an emergency coronavirus relief package including a second round of stimulus checks worth $600, additional unemployment insurance and small business aid—but when will we get the second stimulus check?

Qualifying Americans, including children, are set to receive $600 each when the checks are paid out. Eligible Americans who earned less than $75,000 in 2019 will qualify, and those who earned more will have their benefits cut.

There are other factors surrounding who will qualify for the stimulus checks, though many Americans may just be wondering when they will see the money in their account.

What date can I expect to get the $600 stimulus check?

Treasury Secretary Steven Mnuchin has said that the stimulus checks will be sent out from the beginning of next week.

There is no specific date for the release of the stimulus checks, though we know that some people will receive their money next week.

However, the checks won't all be released at once, so based on the first round of checks as well as expert opinions, we may be able to estimate when they will be paid out.

It was expected that it will take the Treasury around two weeks to start paying out the stimulus checks after the legislation is signed. Howard Gleckman, a senior fellow at the Urban-Brookings Tax Policy Center, told CNN that the IRS could begin paying out the money in January.

But according to Mnuchin, some Americans will be paid by the end of the month.

In March, when the legislation for the first round of stimulus checks was passed, it took the IRS around two weeks to begin sending checks. More than half of eligible people received their money in the first three weeks of April and most people had received their money within two months.

Other factors that may affect who will receive their checks sooner include whether or not the IRS has an individual's bank information on file, as these people can have the money deposited straight into their account.

As this is the second round of checks, the IRS may be able to reuse the banking information that they collected earlier this year, so Americans could receive their money quite quickly.

Mnuchin previously said that he can pay 50 million payments quickly and directly into people's accounts.

Otherwise, people will have to wait to receive a paper check or prepaid debit card in the mail.

The Treasury has the capacity to mail out around five to seven million paper checks per week. Additionally, during the first round of checks, the Treasury started mailing out paper checks in mid-April, beginning with low-income families earning less than $20,000 annually.

The debit cards were mailed out starting from mid-May, so anyone expecting this form of payment may have to wait a couple of months more than those receiving the payment directly or via a paper check.

ATM Money
Zully makes her first ATM withdrawal on June 25, 2020, in Stamford, Connecticut. Congress has agreed on an emergency relief deal featuring $600 stimulus checks for eligible Americans. John Moore/Getty